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Fee Collection, MSR Acquisition Tools; Deep Dive into Recent Rate Moves; Capital Markets

Sometimes, someone unexpected comes into your life outta nowhere, makes your heart race, and changes you forever. We call those people cops. (Where did you think that was going?) There are always riddles and surprises out there (find the heart), but one is not originators helping borrowers create wealth through leverage and tax savings. Lenders are, in one sense, in the business of creating wealth. Whether it is helping someone buy a home that will appreciate over the long term, or helping them save money through equity or on taxes. Rates have moved higher, as we knew they would. But there’s still $10 trillion in untapped, much of it tappable equity in the U.S. Housing Market. Some estimates suggest $5 trillion since the pandemic began. Not all this can be converted to cash or used to pay off debt, of course. Credit card debt is back above $1 trillion as stimulus checks have dried up. Delinquencies are down, active foreclosures are down. It is still a great time to be in our bus ....

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