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Lock Desk, Credit, MLO, Ops Jobs; Underwriting, Pricing tools; DACA, URLA Changes; Primer on the Secondary Markets Feb 4 2021, 8:18AM
Making headlines is United Wholesale averaging $15 billion a month in production and earning total net income of $3.4 billion for 2020, quite a change from the $415 million of net income in 2019. And over time, we change. In your 20s: “I fell asleep backwards on a coffee table last night and woke up just in time to run a 5k.” In your 30s: “I bought the wrong pillow. Put me in hospice.” Even Matt Damon changes: he’s selling his house in Southern California for a move to New York. (Schedule a tour of 1401 San Remo Dr. if you like.) Some argue that government never changes, but many argue that it does indeed. With all the headlines about the inner workings of government, many wonder how we are actually being governed as a nation. (Thank you to Len T. reminding me of that clip.)
Sales Director, MLO, Branch Jobs; Servicing, Sales, Jumbo Products; URLA and 4506-C News Jan 29 2021, 8:12AM
One should never stop learning. For example, I just began reading a great book: “How to Cook Crack and Clean a Crab.” Step One: Use commas. I learned that the Bill & Melinda Gates team is the largest farmland owner in the United States. Last year’s overall net farm income is projected to rise 43 percent to $119.6 billion, according to the Department of Agriculture, despite last year’s farm cash receipts being down 1 percent to $366.5 billion. But at the same timedirect federal aid accounted for literally 40 percent of total farm income after more than doubling over 2019 levels. Producers made $46.5 billion from the government, with direct federal aid up 107 percent from 2019. Plenty of lenders have learned about and utilize the USDA Rural Housing program, not to be confused with learning about the URLA (1003) changes ahead. More on the new
Ops, MLO, IT Jobs; MSR, Originator Ranking, Digital Tools; FHA s Bevy of News; Ginnie s eNote Pool Jan 28 2021, 8:19AM
The stock price of American Airlines back to February 2020 levels. Investors seem to be “buying hope.” In Mortgage Land, though I am beginning to hear tales of pricing margins dropping slightly, if you’re a lender and it takes your back office two months to close a refinance, why make your pricing more aggressive? How does that help customer service? Prices and money are interesting constructs. I remember the thrill of finding a dime or quarter in a coin return when I was a kid. Hugh Hefner became a multimillionaire staying home in his pajamas. I am not seeing the same result. The older I get the more I appreciate alcohol that is on sale. But returning to taking two months to close a loan, I didn’t pull that out of… thin air. ICE Mortgage Technology s (formerly Ellie Mae s) records for the Origination Insight Report showed (for