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Lender/Broker Products; Events and Training; Cap Markets Update

Sure, Fannie had $5.2 billion of net income in the fourth quarter of 2021, but money can’t buy you love. Love is more of a chemical reaction than a statistical study, but computers don’t deal so well with that. But stats will tell you that apparently the best place to find love is Buffalo, New York. Lending Tree released a report considering seven variables, including median single-person household income as well as the percentage of the population that isn’t married, or lives alone, to help determine which of the nation’s 50 largest metros are the best for single people. Rounding out the top five were Cleveland, Louisville, Detroit, and a tie between St. Louis and New Orleans. MLOs know that because single people often can’t rely on a “significant other” to bring in extra income, they need to take extra care that they’ve got enough money to make ends meet… or make a mortgage payment so areas with low costs of living can b

AI, TPO, Warehouse, CRM Tools; Customer Service Tip; LIBOR Cessation News; FDIC vs CFPB

When the public sees headlines like, “A Black Couple had a White Friend Show Their Home and Its Appraisal Rose by Nearly Half a Million Dollars,” of course regulators are going to take note, as will the public. In response to the Better.com public relations nightmare, from Wyoming comes, “No man is completely useless; he can always serve as a bad example.” From Illinois comes a famous Jay Leno/Hugh Grant video . (Skip the ad.) I imagine Better.com’s staff is putting in some OT trying to focus on borrowers rather than care about what the rest of the industry thinks about the lender. Are you still working long hours? In residential lending, you’re in the minority as most lenders have eliminated overtime. Did you know that in Portugal, it is illegal for a boss

AI, TPO, Warehouse, CRM Tools; Customer Service Tip; LIBOR Cessation News; FDIC vs CFPB

AI, TPO, Warehouse, CRM Tools; Customer Service Tip; LIBOR Cessation News; FDIC vs CFPB
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