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Point of Sale, LO AI Tool, Underwriting, Servicing, DPA Products; Upcoming Training

“What do hospital gowns and insurance policies have in common? You’re never covered as much as you think you are.” Although loan officers are not insurance experts, they are seeing the escalating cost of homeowner’s insurance impact affordability. (Last Friday’s TMC show focused on why insurance costs are rising.) Insuring homes is not the only issue, however. The average bill for the repair of an American vehicle is $4,437, and for an electric vehicle that is up to $6,618, about 49 percent higher. Collision insurance claims have increased 64 percent between 2018 and 2022, fueled by increasingly sophisticated cars and more complicated things that need to get fixed when they get broken. No longer are we just hammering out dents, but rather we’re taking computers out of the car and fixing it. Insurance costs may be on the agenda (the why’s mortgage rates certainly will be) when the California Association of Mortgage Professionals (CAMP) pr ....

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Servicing, Automation, Pricing, Property Data Products; Early November Events and Training

Denver’s airport has the longest runway in the U.S. at 16,000 feet (3 miles). As thousands of vendors, with some lenders thrown in for good measure, and me, head to Nashville for the MBA’s conference this weekend through next Wednesday, I am reminded of a bit of air travel trivia. Namely, if a commercial pilot seems to land quickly and taxi off the runway as soon as possible, generally that pilot’s background is Navy. If the pilot lands gently and taxis for a bit, that pilot was trained in the Air Force. The reasoning? Many Navy pilots were trained to land abruptly on carriers. The economic backdrop for this year’s event is not pretty. And in our biz, concerns about a potential recession and other issues are prompting some investors to sell mortgage securities known as credit-risk transfers that are packaged by Fannie Mae and Freddie Mac. The trend has sent the securities' prices lower and widened the yield spread when compared with Treasury bonds. T ....

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La Jornada - Instancia de la Secretaría del Trabajo local se suma a examen de motociclistas

La Jornada - Instancia de la Secretaría del Trabajo local se suma a examen de motociclistas
jornada.com.mx - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jornada.com.mx Daily Mail and Mail on Sunday newspapers.

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La Jornada - Por seguridad, se evaluará uso de motocicleta en CDMX: Semovi

La Jornada - Por seguridad, se evaluará uso de motocicleta en CDMX: Semovi
jornada.com.mx - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jornada.com.mx Daily Mail and Mail on Sunday newspapers.

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