Correspondent Division News Today

It’s important to be stylish; just ask Pope Francis. (Page down once or twice to see the fake image. And we wish the 86-year-old a speedy recovery from a respiratory infection.) Being Pope has its pluses and minuses, from an occupational perspective, but, returning to mortgage banking, the next time you’re rolling your eyes at a difficult loan file, or exasperated with the behavior of a whiny client, remember that there are worse professions. Being a real estate agent is not bad ei...

Ever been to Noma in Denmark? Me neither, although I did some solo bicycling there, which is so much more reliable than flying domestically this morning with the FAA’s system shut down. Apparently I have only two years to go, as the “best restaurant in the world” surprisingly announced it is closing in the winter of 2024. Cynics would say that is a publicity stunt, proponents will tell you that it is time for a change and the numbers probably don’t make sense. (Speaki...

Yesterday I visited Sacramento to speak to an audience of real estate agents and originators in a joint MGIC/Golden 1 Credit Union event. The mood was good, and much of the discussion was about rent (give or take a little, 50 percent the U.S. is paying 50 percent of their income in rent) and products offered by depositories and portfolio lenders. Attendees also remarked how fast 2022 is moving. We’re fast approaching Memorial Day, marking the unofficial start of summer. Radio stations sta...

Notes to start off the week?! First off, there are some darned clever people around, and this ditty (thank you to John H. for sending) sung to “American Pie” and lamenting the loss of the refi biz, ranks right up there for quality! (“… I can’t remember if I cried, when I read my client’s DTI, now considered too damn high…”) Second, lumber prices have dropped as the mortgage market has slowed. Lumber now comes in at $829 per 1,000 board feet...

Virginia Mortgage Pro Joins First Community Mortgages Correspondent Division Dudley Delbridge brings 20-plus years experience and a great perspective to his work with national organizations correspondent lending partners News provided by Share this article Share this article RICHMOND, Va., April 13, 2021 /PRNewswire/ -- First Community Mortgage (FCM) has named Dudley Delbridge as Account Executive in its Delegated Correspondent Division. He has 20 years of diverse mortgage experience and will ...

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 you...

Retail, Correspondent Jobs; Performance, Non-QM, Sales Tools; STRATMOR Strategy Paper; DACA and FHA Jan 21 2021, 8:19AM “Do y’all remember, before the internet, that people thought the cause of stupidity was the lack of access to information? Yeah, it wasn’t that.” The internet has brought a lot of change to the world, and to our industry. But we don’t need the internet to drive changes, and potential changes, in our biz. HUD has declared that it will once a...

Veteran Mortgage Pro Joins First Community Mortgages Correspondent Division Atlanta-based Toby Foster brings 30 years experience and a continuous-learning approach to his work with FCMs correspondent lending partners News provided by Share this article Share this article ATLANTA, Dec. 15, 2020 /PRNewswire/ -- First Community Mortgage (FCM) has named Atlanta-based Toby W. Foster as Account Executive in its Delegated Correspondent Division. He has almost 30 years of diverse mortgage experience ...