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Profitability, Efficiency, Fraud Management Products; VA, FHA, USDA, Ginnie News

“When cannibals ate a missionary, they got a taste of religion.” In late 2022 vendors and lenders had a taste of the first part of 2023, and it isn’t exactly sweet. No one owns a crystal ball, and if they did, do you really think they’d spend their time telling you about the future rather than sitting on a beach relaxing while their money did the work? In the midst of a dreary winter, who, in places like Michigan, Illinois, or North Dakota, aren’t thinking abou...
Hotel Del Coronado United States North Dakota Freddie Mac Anjelica Nixt Jeff Beck

Company Webinars, Non-Agency, Compliance, DPA Products; USDA and Ginnie News; Rates Smack Housing Starts and Permits

If you can't think of a word or phrase, say, "I forgot the English word for it." That way people will think you're bilingual instead of an idiot. It is not hard to remember the phrase, “Rates are going higher.” While independent mortgage banks continue to compete with the intermediate ARM offerings from depositories in the 3 percent range, and originators shift their sales techniques, on a larger scale the Federal Reserve acted yesterday confirming...
United States John Gibson Barry Habib Alex Kutsishin Weiner Brodsky Kider Mitch Kider

AMC, Lender Wanted; Sales, Compliance, Non-QM, Processing Tools; VA Program Primer

While we await FEMA to declare the Yellowstone area a disaster (page down and spend 40 seconds watching the video) is “niches to riches” the new informal slogan of loan officers? LOs are certainly watching how higher interest rates have already impacted American homeownership as rising mortgage rates and house prices reduce buyer affordability. At the other ends of the loan process, making the rounds, which capital markets staff say is causing confusion, via ZeroHedge is a blog pos...
United States New Mexico South Carolina Paul Peters Fannie Freddie Anjelica Nixt

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Efficiency, Processing, Expat, Underwriting Tools; Events This Week and Next; Rates Head Higher

Yes, it’s already Tuesday. Are we at the top of the market? A pair of Goldman Sachs-backed ventures gobbled up an entire rental home community in Florida last month for $45 million, according to reports. Lenders everywhere keep one eye on housing trends, and every Friday at 3PM ET I do a Zoom show with Rich Swerbinsky for The Mortgage Collaborative discussing current events in finance and housing. I try to have fun backgrounds. In Friday’s show, however, at the 6-minute mark the wi...
New York United States Puerto Rico Fort Wayne United Kingdom Silver Hill

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