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I head to Colorado Springs this morning, the scene of $3,000 mountain bikes in bike racks on top of $500 cars. There are roughly 380 bank branches in the city, including mortgage lender NBH. On the flip side, do you work at a non-depository bank, like a mortgage bank or broker? You should know that the Treasury’s Financial Stability Oversight Council voted unanimously to issue (for public comment) new proposed interpretative guidance on the Council’s procedures for designating nonbank financial companies for Federal Reserve supervision and enhanced prudential standards to replace the Council’s existing guidance and describes the procedural steps the Council would take in considering whether to designate a nonbank financial company. This follows the Consumer Financial Protection Bureau's (CFPB) proposal to bring more nonbank financial companies under its direct supervision. (Today’s podcast can be found here and is sponsored by LoanCare, a Fidelity Na ....
Daylight Saving Time for much of the nation springs up Sunday morning, leading to plenty of grousing on Monday. What else is going on? “Please listen carefully, as our menu options have changed.” We’ve all heard that recording countless times when dialing a business. As an industry, our menu options have changed, or at least shifted. We all knew rates wouldn’t be in the 2’s forever and that refi burnout would take place. In our biz, lenders and MLOs continue to pivot to a purchase-centric focus. Independent mortgage bankers are warily watching CRA developments around the nation, which are spelled out in MCT’s Review, by Robbie Chrisman. Oh, and are we headed for an inverted yield curve? Due to the work from home (“WFH”) shift, a survey shows nearly 19 million more people want to move! The rise in oil prices and the flow of money is causing Texas laborers to move from building houses to working the oil rigs in the Permian Basin. We ....
/PRNewswire/ Sprout Mortgage, one of the nation s largest non-QM originators and fastest growing lenders, is proud to announce that Samuel Bjelac has been. ....
Samuel Bjelac to Lead Sprout Mortgage's National TPO Sales Channel mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.