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Capital Markets, TPO, CRM, AI Products; Bloomberg and Wells' Correspondent

Florida is the source of a sizeable percentage of home loans and fine lenders, as well as plenty of “Florida Man” stories. (Don’t read if easily offended.) I head to Orlando this morning, where (unlike this week’s rain and lightning) there are an average of 233 sunny days per year, in addition to the FAMP event this week. Speaking of sunny days, if they can make a car paint that can “heal” scratches by being out in the sun, wouldn’t you think some...
United States New Jersey Technologie Jim Fraser Anjelica Nixt Kevin Peranio Lender Services

Bridge, DPA, Non-Agency, Fee Collection Products; Training, Webinars, Events

“Looking out at the road rushing under my wheels… Looking back at the years gone by like so many summer fields.” Yes, at the end of today we’re halfway through with 2022 (already). Time passes, hair styles, relationships, people, pandemics, and companies come and go. (Today’s joke has to do with the passing of time.) History is made and remembered. Woody Williams, the last surviving WWII Medal of Honor recipient (Iwo Jima), died yesterday at 98, as did Hells An...
United States National University Freddie Mac Nancy Obando Randell Gillespie Alex Kutsishin

Borrower Research Papers, Non-QM, Repurchase Defense Tools; TPO News; Apps Continue to Fall

Yesterday in Ft. Wayne, Indiana, at the Indiana Mortgage Bankers Association’s annual conference, one of the non-mortgage conversations that I had was about TV. (Sometimes people talk about shows they’re “streaming.”) I don’t know what’s what: Hulu, Paramount, Paramount+, Dish, Amazon Prime, Disney, Disney Plus, Charter, Verizon, Comcast, You Tube TV, Peacock… can’t we just go back to cable? Maybe not: The number of Americans opting ou...
Community Center United States Rhode Island Freddie Mac Mike Sklarz Steve Adamo

Non-QM, DSCR, Desktop Appraisal, DPA Products; USDA, VA, FHA Investor Product News

English grammar… what a hassle. Is it "lay" or "lie"? - Are you sure you're using them correctly? “Than” versus “then?” One should use “than” only with a comparative adjective, like taller than, faster than, as in, Apocalypse Now is better than The Deer Hunter. “Then” is used for time, like at that moment, or after. Or “I lost $100 at blackjack, and then lost another $100 in craps.&#...
United States San Francisco Usherpa Smart Freddie Mac Jerome Powell Ann Gibbons Mike Romano

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Underwriting, HELOC, DSCR, MSR Products; UWM, Rocket 1st Quarter Stats

Remember: April is National Procrastination Month! I could tell that my cat Myrtle was displeased the other morning. She’s very secretive about her finances, but my guess is that she’s “long” residential lender stocks and procrastinated selling them. Nearly every lender’s stock price is near all-time lows, making the sellers of these companies during the last few years look like timing geniuses. Earning notes on UWM and Rocket are below, but loanDepot shares ha...
New York United States North Carolina Winston Salem Forsyth Country Club Mike Vough

TPO, CFPB Exam, Sales Tools; Marketing for Purchase Business; Millennial Homeowners

When you’re working from home, how interesting can next Thursday’s, April 28th, “Take Your Children to Work Day” be? WFH, or hybrid arrangements, is a continued concern for managers, and one of the informal topics in the hallways here in Memphis at The Great River Conference is how the next generation of leaders can’t learn how to run a company over Zoom. There are plenty of other things being discussed, such as the cost per loan, as measured by the MBA, increa...
United States San Diego Founders Hall Learning Center Freddie Mac David Ring

Corresp., Construction, Sales Jobs; Non-owner, POS Products; Customer Service Tips

Corresp., Construction, Sales Jobs; Non-owner, POS Products; Customer Service Tips May 17 2021, 8:27AM Here is a dab of trivia to start the week. There are only about 2,000 heart transplants every year in the United States. So, on average, thatโ€™s only about 2-3 per state per month. Help others and be an organ donor! Speaking of helping, people looking for a new job, or forced out of an old one, can post their resumes for free at Lender News. And employers can view t...
United States Orange County Freddie Mac Christopher Columbus Hogan Lovells Casey Cunningham

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