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Quality Control, API, Non-QM, HELOC Products; OpenDoor Penalty; Two Harbors/RoundPoint Deal

“Senility has been a smooth transition for me.” So quipped an attendee here at the Michigan Mortgage Lenders Association conference in Grand Rapids. The aging mortgage banker workforce continues to be a concern around the nation, but there are certainly lenders and vendors attempting to “bring in new blood.” The FTC’s $62 million fine of Opendoor’s advertising policies raised eyebrows. We had the news of Two Harbors Investment Corp.’s Matrix Finan...
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Market Talk – August 4, 2022 | Armstrong Economics

ASIA: Growth in India's dominant services sector slowed sharply in July, weighed down by high inflationary pressures and weaker demand, leading to a further decline in business expectations, a private survey showed. The S&P Global India Services purchasing managers' index fell to 55.5 in July from 59.2 in June, the lowest since March and below
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