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Processing, TPO, Co-op, Subservicing, Home Ownership Products; Q&A on Rates Yesterday

Yesterday, before the yield on the risk-free U.S. 2-year note rose to 4.25 percent, I mentioned my cat Myrtle being offered a big signing bonus by the family next door because word of her mousing prowess has spread. Myrtle’s tight-lipped on the details (which are assumed to involve plentiful halibut and wild salmon) but it did result in contemplating a possible retention bonus of a new scratching post and a catnip-infused cloth mouse. She seems to be thinking it over. Meanwhile, as rumors are running amok that publicly-held Finance of America is selling its dedicated retail group to G-Rate, lenders everywhere are stunned with the bond market and interest rates. Forget the assumptions that were built into signing bonuses a year ago, as those are going to hell in a handbasket, this interest rate market is bad. Yes, people still need home financing, but the sticker shock is bad. (Today’s podcast, which has an interview with Linda Case of TMS on servicing boarding and escrow ....

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MLO, Ops Jobs; Blockchain, Compliance Training, Consumer Complaint Products; Fed weighs in

MLO, Ops Jobs; Blockchain, Compliance Training, Consumer Complaint Products; Fed weighs in
mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.

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