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BBCNEWS We Are England When the Boats... February 19, 2022 14:35:00

Number of russian troops on the ukrainian border. according to unconfirmed reports there on afp, germany has asked all its citizens to leave ukraine as urgently as possible. and lufthansa has suspended flights from monday. the post office scandal has been in the headlines all week, after a public inquiry started hearing from those who suffered wrongful convictions and financial ruin. more than 700 branch managers were convicted and thousands of others lost their businesses when the post offices ...
Eastern Ukraine Afp News Agency Post Office Faulty Accounting Software Public Inquiry Branch Managers

PPE, Business Intelligence, Jumbo Products; April Training and Events; Primer on Yield Curve Significance

My friend David had his id stolen and now he’s just Dav. Having anything stolen is not a laughing matter, and since we’re in the money business, lenders and vendors are often the target of cyber-attacks. If you want the FBI’s take on them, the Texas MBA is hosting the “Anatomy of Cyber Attacks” webinar next Wednesday, April 13th. (More upcoming events below.) Some MLOs think that interest rates have stolen their livelihoods, but really, did you think 30-year mo...
New York United States New Market Freddie Mac Tom Galluci Anthony Ianni

Retention, Broker, Underwriting, Warehouse Products; New Non-QM Wholesaler; Ukraine Driving Rates

Yes, it’s March 4th… the only day that is a command for us humans. We thought it was our ability to love that made us human, but it turns out that it is actually our ability to select each image that contains a traffic light. (Put another way, to prove to a robot that we are not a robot.) Underwriters know a thing or two about human nature, and about collateral. This morning I leave San Diego, recently in the press for “de-throning” San Francisco as the least affordab...
United States New Jersey North Carolina South Carolina San Diego San Francisco

Study on Prepayments, MLO Productivity, Compliance, Profitability Tools; Conforming Conventional News

I flew into San Diego yesterday for the MCT Exchange, and it is hard not to notice the number of boats in the harbor. For some quick “fun with numbers” on recreational boating: The U.S. state of Florida has the highest number of registered recreational boating vessels in 2020, with almost 959 thousand, closely followed by California. Hawai’i has half as many as Wyoming. In contrast, the District of Columbia had the smallest number of registered boating vessels, with just ove...
United States New Jersey District Of Columbia San Diego Capitol Hill Justin Demola

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Contract, Conversion, Retention, Margin Mgt. Tools; Jumbo and Non-QM News; Rates Near 2021 Highs

Today is about the day when you have to think twice about wishing anyone, “Happy New Year.” Okay, maybe tomorrow. There’s a lot of news out there to start 2022, including mortgage news. Moves by Freddie, Fannie, FHA, and VA have a ripple effect on the jumbo and non-Agency market as well. We were reminded of this yesterday when Freddie Mac and Fannie Mae, via their conservator FHFA, publicized April changes to their loan level price adjustments. Freddie announced “&#x2...
United States Peter Sandler Freddie Mac Ann Richey Stanley Tucker Jim Shaler

Broker, ECOA, VA Cash Out Products; Disaster News; Thoughts on Yield Curve and IMBs

Whether or not you think that climate change is real, you can’t deny that there is a climate, and that climate-related disasters occur… to the tune of $170 billion this year per one estimate . And given that state-specific foreclosure laws impact servicing values, and therefore rate sheet pricing, servicing values that vary based on the likelihood of natural disasters in a given areas aren’t a stretch. (More disaster news below.) Something else that tha...
New York United States United Kingdom Sierra Nevada Rhode Island Anjelica Nixt

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