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Ottawa Bancorp (OTCMKTS:OTTW) Trading Down 1.2%

Ottawa Bancorp, Inc. (OTCMKTS:OTTW – Get Rating) shares traded down 1.2% during mid-day trading on Tuesday . The stock traded as low as $14.60 and last traded at $14.60. 1,999 shares were traded during mid-day trading, a decline of 56% from the average session volume of 4,564 shares. The stock had previously closed at $14.78. […]
Ottawa Bancorp Ottawa Bancorp Inc Get Rating Non Residential Real Estate One To Four Family Residential Multi Family Residential

Capital Markets; AI UW, Efficiency, Valuation, Sales Tools; Conventional Conforming News

When did “beauty parlors” become “beauty shops” become “salons” and “spas?” Our industry doesn’t have a monopoly on change, and in my recent travels around the nation visiting with residential lenders, things continue to evolve. Owners of servicing continue to release pools of mortgage servicing rights, raising cash to create profitable months and quarters. Banks, credit unions, and lenders mention ongoing efforts to “digitize...
United States Freddie Mac Alex Kutsishin Atlanta Bostic Housecanary Comehome Anjelica Nixt

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Secondary, DSCR, Broker Products; Fannie and Freddie Updates; What's the CDFI Program?

Things change and time passes. A little more than three months ago we “fell back” and now we have less than a month until most states in the U.S. change their clocks again (spring ahead). Less than two months ago, Ohio’s Community Savings Bancorp was purchased by Double Bottomline Corp., led by Evan M. Stone, President and CEO, and by rumored other entities in residential mortgage banking. Evan’s a good guy, likes being busy, and likes making a profit, so why not be t...
United States Freddie Mac Shane Osborne Patti Arvielo Mortgage Technology Bank Secrecy

Hedge Cost, QC, Compliance Tools; Investor FHA Changes; Upcoming In-person Events

Andy Rooney died over ten years ago. Many will say that Bill Mahr has taken his place, albeit with saltier language and a political bent. In this piece, Mahr discusses his thoughts on young people in “Gen Z” and “van life” which I found humorous. It reminds us that we are made up of different generations, and given the snow hitting much of the U.S. it isn’t only your parents that walked through the snow uphill both ways to school. The U.S. Census Bureau has not...
New York United States San Diego Freddie Mac Samantha Wikoff Andy Rooney

Conforming Conventional Updates; Lender and Broker Services; The Fed Has Spoken

Overheard in the hallway: “My email got hacked again. That’s now the third time I’ve had to rename the cat.” But there’s a lot of other conversation and session topics here in the hallways at the IMB in Nashville. Discussion about the rapidity of the Federal Reserve’s moves in attempting to combat inflation, and how might those moves actually eventually push rates back down if they dampen the economy. How volume and margin projections for 2022 are changi...
Maxwell Point United States Freddie Mac Charles Blondin Tom Davis Bruce Weltin

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