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QC, Marketing and Sales, Credit/Profitability Products; Tax and Credit Info for Disaster Areas

Things are always changing. No bagpipe player I saw growing up looked, or played, like this. The MBA’s forecast for 2023 volumes changed, and here’s the latest by the MBA on 2023’s originations: $1.8 trillion. Technology is always changing. No, this Commentary is not produced by ChatGPT, nor will it ever be, unlike lesser publications. But if you’re a teacher, like my daughter with her classroom full of 7th graders, or a professor, how do you know that the paper turne...
New York United States San Antonio Ed Vaccaro Trevor Gauthier Tim Braheem

UW, Rate Quote, Margin Management, Servicing, Tools; Fannie Results; Webinars and Events; Great Communication Video

I am in Reno today, Spokane tomorrow, but I spent much of last week in Chicago which is very much a melting pot of languages. One can walk down the street and hear similar words for the same thing: Hypothèque (French), hipoteca (Spanish), hipotēka (Latvian), hypotheek (Dutch), and hypothek (German). You’ll have to figure out the word on your own. Renovation there is indicative of what is happening in many other cities: Developers and city agencies in Chicago are working tog...
New York United States Vimi Vasudeva Tony Florence Scott Schang Eddy Perez

Successful offering of Air France-KLM's deeply subordinated undated bonds convertible into new shares and/or exchangeable for existing shares for a nominal amount of € 305.3 m

16.11.2022 - Paris, 16 November 2022 Successful offering of Air France-KLM’s deeply subordinated undated bonds convertible into new shares and/or exchangeable for existing shares for a nominal amount of € 305.3 m The Offering attracted significant demand, with ...
United States District Of Columbia United Kingdom Michiel Klinkers Frederic Kahane Conversion Exchange

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Sales Research Papers; Fulfillment, Non-QM Products; Fed Balancing Act Continues

In Florida there are approximately 3,000 lakes, not enough to make it onto the leader board of states with the most named lakes (Minnesota, Wisconsin, Michigan, and Alaska are up there). (Here’s a bit of trivia: what is the only state without a naturally occurring body of water large enough to have a name?) Nebraska has the most rivers. I mention this, not to make you thirsty for a glass of clean, cold water, but to bring up that Nevada and Arizona may have their water allotment from the ...
United States United Kingdom Tawab Abawi Patrick Obrien Anjelica Nixt Lisa Livingston

Margin Improvement, Non-QM, Secondary Tools; FGMC Fallout; California MBA Weighs In; Broker Petition

We’re all trying to save a few pennies. We have the increase in postal rates coming soon and perhaps pick up a roll, or ten, of Forever Stamps. It’s not like they have an expiration date, unlike, apparently, lenders. Remember names like AmeriLoan, Countrywide, PNC, WaMu, Home Savings of America, Fleet, Great Western, World Savings, Associates, Nat City? “We are writing to share an update on _____’s efforts to address significant, unexpected, and unprecedented economic...
Orange County United States New York Dana Point San Francisco Susan Milazzo

Servicing, Automation, Processing, Sales Tools; Non-QM and Jumbo investor News

May the 4th be with you! Without the lisp, there are many forces tugging at lenders and vendors. Forget 2020 and 2021. Recruiters are asking LOs what their numbers were in 2018 and 2019. Prequals are running amok, and with them costs for any vendor services like credit verification. The Mortgage Bankers Association’s Marina Walsh tells us that the cost per loan has gone up six quarters in a row, despite all the “cost saving” automation. Meanwhile, in the secondary markets, l...
United States New York Miami Beach Ciudad De La Habana Mary Ann Mcgarry Freddie Mac

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