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VOI, Marketing, Warehouse Tools; STRATMOR Automation Survey; Bank Acquisition; Fannie Earnings

Don’t believe in climate change, rising sea levels, or cities sinking (“subsiding”)? Venice is sinking. So are Rotterdam, Bangkok, and New York (though a few spots are rising!) But no place compares to Jakarta, the fastest-sinking megacity on the planet. Over the past 25 years, the hardest-hit areas of Indonesia’s capital have subsided more than 16 feet due to illegal wells, diminishing groundwater, and a rising sea level. Many billions will be spent moving an entire ...
Jakarta Raya United States Hawaiian Islands Krung Thep Mahanakhon San Francisco New York

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HELOC, TPO, Home Buyer Trends, Agency Approval, CRM Products; Training and Events

The great thing about inflation is if you spend the same on groceries, the bags are lighter and easier to carry home. Restaurants and food companies react to higher prices either by reducing their portion sizes or passing the cost on to the consumer. In real estate, does the modern definition of an “affordable” house mean 350 square feet for $130,000? Lennar thinks so. Owning a home has long been considered the quintessential American dream, but even with 84 percent of Americans sa...
United States Kristin Messerli Stephaniem Clark William Kooper Angela Castillo Phil Rasori

Closing Gifts, USDA, Non-QM, POS, VOI, Broker Shopping Products; Freddie/Fannie News; Training

Jordan Peele met his famous comedy partner Keegan-Michael Key around 2002 at Second City in Chicago, and eventually performed this classic routine that every air traveler should see. This morning I head to Chicago, and from there to the MMLA event in Mt. Pleasant, Michigan. Given my time with originators last week, the email traffic over the weekend, lenders are very concerned about overcapacity and therefore overhead. On a micro level, staff that may have been held onto “just in case&#x2...
United States Freddie Mac David Buckner Mark Reeve Jacalyn Shirley Brett Mccracken

Webinars and Training; Servicing, CRM, Processing Automation Products; The Fed Next Week

Well, what should we start with today? How about how California and Texas ranked highest on the United States Postal Service’s annual list of states with the most dog bites against its employees? Or how ‘bout Freedom Mortgage Corporation filing a notice of data breach after learning that confidential consumer data entrusted to the company was subject to unauthorized access, the result of a cybersecurity incident at one of the company’s vendors, Mortgage Industry Advisory Cor...
National University United States Kate Mcdougall Mark Reeve Wes Horbatuck Sean Moss

UW, Capital Markets, Training, Verification Tools; Webinars to Wrap up May; Chatter from NY

If you’re staying here in Manhattan, space is at a premium. I don’t recall the last time my room had a bathroom where one could turn the shower on, flush the toilet, and brush their teeth in the sink, all for a nightly tariff that would more than cover the monthly rent in many places around the world. Although this conference is about all things capital markets, like screaming buybacks from the Agencies, especially Freddie Mac, the primary markets are also a source of conversation....
Great Lakes United States San Francisco National University Jan Ozga Matt Wagner

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