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Top News In Top Originating Today - Breaking & Trending Today

eClosing, AI, Portfolio, and Non-QM Products; Conforming Updates

At the Ides of March, inflation is pervasive. Today rumors are swirling that Tom Brady ended his retirement because of not being able to afford to retire given the price of gasoline (more in Capital Markets section below), and I head to the home of Holiday Inn: Memphis, Tennessee. (Yes, the title of the song is a little misleading; it spot-on focuses on Tennessee.) Millions in China have re-entered COVID lockdown, once again impacting the supply chain. Russia continues to batter Ukraine, with its terrible loss of human life, impacting the worldwide price of oil and other commodities. We’re watching it all happen in real time, through the use of technology. In this country, Census Bureau construction surveys (brought to you since 1959) are being upgraded with satellite images to provide instant updates on projects at every stage of construction from start to finish down to the county and metro level for the first time. The changes will modernize nearly every aspect of the con ....

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Various Vendor Tools; Lots of Lender Updates; New Jumbo and Non-Agency Programs

While the bond market is watching the world define a Ukrainian “invasion,” do you know why you should respect people who wear glasses? They paid good money to see you! What are operations people seeing out there? A recent STRATMOR workshop, led by Senior Partner Jim Cameron, indicated that there is a continued focus on automation &amp; process, automated verifications, and keeping employees engaged. As the pandemic subsides, managers are grappling with a workforce that may have been hired far away from any offices, and how does a company work with key, valued employees in this segment? Meanwhile, originators are battling institutional buyers, all-cash buyers, and a pool of potential buyers who have been priced out of the market. We all know that not everyone deserves to, or can, buy a home, but this stat is an eye-opener: Roughly 69% of American households cannot afford a median-priced home, according to research from the National Association of Homebuilders. ....

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Secondary and Underwriting Products; Compliance Expert on Misconceptions

Here we are at Groundhog Day. A rodent predicting the weather has little tie-in with the 1993 movie of repeating the same day over and over again. Locks are certainly not repeating 2021 levels for January, with initial anecdotal pipeline numbers down 30-40 percent. Are you reducing costs accordingly? When the residential lending market is good, owners think they’re the smartest guys in the room, and in the last two years volume and margins have covered up a lot of faults. (And now, are homeowners all real estate geniuses?) Now, however, effective management is going to be tougher. Mortgage fraud is growing, and I’ve received more than one email about kickbacks on the rise. Great. At least you aren’t working in a Golden Corral in Pennsylvania! Never in the history of history of calm down has anyone calmed down by being told to calm down. Lender &amp; broker services and products More than 100 people gathered in Kazan, Russia, last month to celebr ....

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ECOA, Coaching, Title, Verification Tools; Events This Week; Rates Driven by COVID Variant News

ECOA, Coaching, Title, Verification Tools; Events This Week; Rates Driven by COVID Variant News
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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Tech, Sales, Subservicing Tools; Fee and Processing Changes Around the Industry; Fed Chair Powell Confirmed

Tech, Sales, Subservicing Tools; Fee and Processing Changes Around the Industry; Fed Chair Powell Confirmed
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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