Fulfillment, MLO, Product Dev. Jobs; Mail, CRM, Presentation, Digital Products; Freddie and Fannie Shifts Mar 12 2021, 8:45AM
A year ago… remember when you couldn’t find toilet paper for sale? Now you can’t find a house for sale. But there are plenty of Agency MBS and other debt for sale. Just as borrowers are lowering their debt load by refinancing their home loans, corporations and governments are taking advantage of low rates while they’re here. For example, American Airlines has raised $10 billion through an offering of $6.5 billion in high-yield bonds and $3.5 billion in loans, the largest debt deal ever by an airline. Freddie and Fannie know a little something about debt, and this week’s Fannie news (constricting 2nd and vacation home locks) has caused disruption as the aggregators and the agencies plan to implement this. But locked pipelines, with their processing time, are already set for April funding, thus May delivery, so is Fannie
Ops, Branch Manager, LO Jobs; CFO Role Wanted; First American Rebrand; Rural, FHA, VA Program Changes Dec 18 2020, 8:18AM
I don’t know what’s longer, a “regular” minute, “microwave” minute, or a “treadmill” minute. Speaking of time, if someone sends you an email saying, “The noon meeting has been moved forward two hours,” how do you read that, 10AM to 2PM? The answer shows which of these two ways you perceive time. Time perception really does matter: Some parts of 2020 dragged, some not. If a borrower is buying a home, a survey by Spruce tells us what every MLO knows: According to Ellie Mae s Origination Insight Report, loans are taking an average of 54 days to process, and homebuyers who are frustrated with the time to close are open to tech solutions. Time can also not be your friend if you’re a renter waiting to buy a home. Generally speaking, given interest rates, monthly payments from owners are less than rent payments (renters