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Company Webinars; POS, Non-Agency Products; STRATMOR and Customer Service; Freddie and Fannie News

Company Webinars; POS, Non-Agency Products; STRATMOR and Customer Service; Freddie and Fannie News
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United statesNew yorkOverland parkVesta mike yuMary kay scullyAaron millerRichard grieserRuth stevensonFreddie macPrimelending patti conleyFred goochEd groshansMike seminariCarl wooloffJason mapesJustin venhousen

HMDA Audit, QC, TPO Products; Conforming Conventional News; LoanCare Attack; Strong GDP Report; New Loan Limits

There is always non-mortgage financial news. Mark Cuban is both selling his share in the Dallas Mavericks and leaving Shark Tank. Berkshire Hathaway’s Vice Chairman Charlie Munger has died. When I want something bougie to give as a Christmas present, I go to… Alabama? U.S. airlines lose 2 million suitcases a year, and they all go here along with the contents up for sale. Will Rogers came up with, “Things will get better… Despite our efforts to improve them.” Things certainly aren’t getting better in the credit &amp; verification world. Costs keep going up. Blame the CRAs (credit reporting agencies), Fair Isaac, or the bureaus (Experian, Transunion, or Equifax). Lenders of all shapes and sizes have a renewed interest in managing those costs. At this point, why wouldn’t you charge the borrower up front? Meanwhile, originators are continuing to scramble for business, despite rates having dropped somewhat in recent weeks. (STRATMOR&#

United statesDavid smithJosh weinbergFreddie macSandral thompsonCharlie mungerAnthony hsiehArgyle john hardestyIra selwinFannie maeChristine youmansMark cubanHousing finance agencyVa councilPennymac correspondent groupFidelity national financial

Accounting, JV Partner, Credit, Stand-Alone 2nd Products; Shutdown Primer for Lenders; Tax Transcripts?

Shutdown or no shutdown, the National Park Service’s Fat Bear Week is approaching, focused on how these behemoths tip the scale. Here’s your tip of the day: Having books in your Zoom background makes you seem more trustworthy. What if one of them is “The Complete Idiot’s Guide to Mortgages”? Maybe put some gold bars on the shelf instead? You can buy them now at Costco. Owning a home is a great way to build wealth, although mortgage rates are at 23-year high and mortgage applications have fallen 27 percent year-over-year… is your staffing down 27 percent from a year ago? (I know that’s simplistic, but…) At least you’re not Tanner Winterhof whom the Federal Reserve issued an enforcement action on for falsification of bank documents. On the more constructive side of things, originators and others can learn about special-purpose credit programs (set out unique standards and benefits to make loan qualification easier for people

New yorkUnited statesTom davisMike sniderLoansense catalina kaiyoorawongsGinnie maeNeel kashkariFreddie macTanner winterhofCarl wooloffDrug administrationDepartment of justiceFederal reserveNational joint ventures dan peHousing administrationEmergency management agency

Data Mining, Digital Lending, Real Estate Database, Servicing Products; Conventional Conforming Program Shifts

As if lenders and vendors don’t have enough other stuff to worry about, the budgetary standoff in the U.S. doesn't look like it will abate soon, raising the likelihood of the first government shutdown since 2019. Current funding for federal operations will end on October 1 unless a deal is reached or the proverbial can kicked down the road. Thousands of federal workers might be furloughed without pay. Sure it will be temporary, and its wider impact will likely be limited, but still even talking about it is lousy. According to Morgan Stanley, the last 20 government shutdowns that occurred since 1976 "appear to have had limited impact on the economy." As for bond prices, a shutdown may cause some "temporary instability", but this is not a given. There is talk of a short-term Continuing Resolution (CR) providing funding until later this year, but federal agencies, including HUD and Treasury, will cease to function normally. The National F

United statesFannie maeRandy viarsLas vegasTerry gilliamJoe weluServbank shayna arringtonServbank bryan croffordFreddie macBruce willisGinnie maeChris whalenRobert howertonDovenmuehle mortgage incHome loan bank supervisory activitiesCondo co

Credit Verification, MSR Acquisition, Non-QM, Tax, Outsourcing Products; STRATMOR and CX; Timeline for Credit Score Changes

Today is 092023 and I head to Savannah, GA for the SECUREN (credit union) conference. Did you know that the last day of 2023 is 123123? In other “fun with numbers,” as a stockholder in a lender, how’d you like $5 million because your company couldn’t keep its costs down? The median sale price per square foot in Savannah is $197, up 13 percent since last year, if you believe Redfin. Want to build wealth? The median sale price per square foot for new single-family homes in the U.S. has increased a whopping 368 percent since 1980. Additionally, the median square footage for homes in the U.S. has increased 52 percent since 1980, while the median sale price has increased 609 percent. Compared to 2008, the peak financial crisis, home buyers today face an 85% higher median sale price per square foot of homes. California is the most expensive state when looking at price per square foot. Highest and lowest cities? San Jose at $845 per square foot, Cleveland at $133 p

United statesRyan ogataMary ann gellerJosh weinbergBen cottinghamRob jeskeMike seminariFreddie macFernando ospinaComputershare loan servicesPanorama mortgage groupFannie maeHousing finance agencyContact birchwood credit servicesWells fargoCredit reports initiative