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Verification, Non-QM, Subservicer, Franchise, Appraisal Products; Rates Tread Water

Singer/actress Olivia Newton John AND author David McCullough, both dying to start the week? (I just finished “Mornings on Horseback.”) After I die, I want my remains to be spread over Disneyland in Southern California. But I don’t want to be cremated. (Think about it.) Brokers know that also involving Southern California is today’s loanDepot earnings call at 2PM PT. “LD” has made some very public pronouncements of cutbacks in recent months… Will ...
United States Dave Savage Alex Kutsishin Olivia Newton John Jeff Schaefer Mike Spotten

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Webinars, Training, Subservicing, Processing Tools; Freddie and Fannie Changes

I mentioned yesterday that 4 out of 3 people have trouble with math, but it doesn’t take a genius to do subtraction. 6 - .2 = 5.8, right? Wouldn’t you like to earn 5.8 percent on your money? The Federal Reserve reports that U.S. households are holding $17.9 trillion in cash and cash equivalents. If your credit union or bank is paying you (and other depositors) .2 percent on your bank account, but owns a portfolio of new Freddie or Fannie loans where borrowers are paying 6 percent, ...
United States Republic Of Freddie Mac Doug Wilber Brian Vieaux Bowen Lee

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

Opinion: Are lenders dropping the ball on homeowner assistance?

An unfortunate, though common, misconception among lenders is that purchasing a home with homebuyer assistance is not feasible in the current competitive market. In fact, well over half a million people purchased homes with the help of these programs in the last year.
United States Sarah Wheeler Rob Chrane Listing Services Multiple Listing Services Mortgage Credit Certificates

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