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Purchase Advice API, TBA Trading Tools; STRATMOR on Signing Bonuses; Webinars and Training to Finish July

Purchase Advice API, TBA Trading Tools; STRATMOR on Signing Bonuses; Webinars and Training to Finish July
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Lock and Shop, Jumbo, Non-QM, Appraisal Tools; STRATMOR Tech Study; Events and Webinars; Inflation Up, Apps Down

Sue W. writes, “After I say, ‘That’s crazy’ twice, please wrap up your story.” There are a lot of stories out there now as residential lenders tighten their belts, their payrolls, and their expenses in the face of rising rates, the worst inflation since 1981, and per loan costs of over $10,000. Hey, corporate has taken a hit, branches have taken a hit… is it time for LO comp to take one? Time will tell, but meanwhile ops staff are grappling with a number of issues. Along those lines, anyone trying to retrieve their collateral from the smoking ruins of First Guaranty Mortgage should try (no guarantees!) reaching out to all these, with an air bill, there are signs of success: Santa Ana Custody Requests, Correspondent Collateral Return, Nelida Parrish, Imelda Flores-E, Steven-E Willard, Christopher Ma, or Kimberly Hem. Good luck! Others are in survival mode. loanDepot (high stock price of over $26 per share in March of 2021, now trading at $1.70 p ....

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PPE, U/W, Lead Purchase Products; Events, Training, and Webinars Through July

One topic of conversation at the MBAH conference is the quote making the rounds, “Marry the house, date the rate,” a nightmare for capital markets and servicing groups engineering hedging programs. On a larger scale, no central bank wants to engineer a recession, of course, but the press seems consumed with the idea of a recession in 2023 or 2024… which would mean a) we’ll hear about it for another year or two while many lenders are just trying to survive, and b) it would probably lead to lower rates. Household balance sheets are currently still in fine shape. Corporate balance sheets are as well since many companies that issue debt regularly refinanced their outstanding debt during the last few years, lowering their obligations. just like millions of homeowners did around the nation. What isn’t as good is the daily operating budgets, especially for companies whose only income is residential lending. The implied year-end Fed funds target is now around ....

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