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Marketing, Profitability, Qualification, DTC, RON Products; Wholesaler News

I have news for you, and I hope that I’m not bursting anyone’s bubble here. If a meat packer could sell the delicious looking meat that you see in the background in ads for hamburger at $15/pound, do you really think they’d put it into $4/pound ground beef, or $2/pound hot dogs? Yes, numbers can tell a story, like it or not. How about this nifty map, great for loan officers and real estate agents and discovered in my email files, showing the population shift in the United St...
United States Freddie Mac Tina Jablonski Deb Jones Steve Fortunato Gibran Nicholas

Secondary, DSCR, Marketing, POS, QC, DPA Tools; MBA's Home Equity Study; Experian Hack

Carol K. writes, “Back in my day there was so much cheap toilet paper and eggs that we would throw them at the houses of our enemies.” And then there’s, “Money can't buy you happiness, but you can sure have a good time searching for it.” Speaking of a good time, are you single? Want to make $1,500? Shane Co. will pay you to go on 15 first dates. Search for dates at the grocery store, a dating app, whatever. Many lenders are searching for production, and...
United States Brett Brumley Alicia Nagla Kerry Webb Indecomm Auditgenius Seth Sprague

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Retention, HELOC, Solar Products; Events and Training; Fresh MBA Forecast

As Wells Fargo was smacked upside the head with a $3.7 billion fine by the CFPB, sports news included Mat Ishbia and the Phoenix Suns, and the Senate passed the Improving Access to the VA Home Loan Benefit Act of 2022, and the Federal Housing Finance Agency (FHFA) Office of Inspector General released a report with a really long name because that is what bureaucrats do (FHFA Could Further Combat Appraisal Bias by Ensuring That Complaints Are Filed with State Authorities and Ensuring the Enterpris...
United States Freddie Mac Jerome Powell Derick Mildred Charles Chucks Gascon Robbie Chrisman

Point of Sale, QC, LOS Products; STRATMOR on Customer Service; Academy, False Claims, and $38.5 Million

Anyone who has ever gone swimming in the ocean knows that, in a violent surf, the swimmer can’t spend time and energy in the waves near the shore being knocked about. They either swim out beyond them, or swim into the beach. Using that analogy, think about lenders and vendors in the current environment. Having “no plan” is not a plan. Best to go one way or the other, because staying in the surf can be exhausting. (It will be a topic of today’s chat between the MBA&#x2...
Hotel Del Coronado United States Eliot Eisenberg Seth Appleton Anjelica Nixt Jan Davis

LO to Broker, Reverse, Processing, Home Equity, Investor Cash Flow, DPA Products; Webinars and Training; Inflation Data

The Buffalo Springfield sang, “There's something happening here… But what it is ain't exactly clear.” Those were historical times, and a reminder that things are always changing… In Whole Foods the other day I overheard a little girl speaking to another little girl (both in yoga pants) saying, “I’m vegan; I don’t eat candy from animal pinatas.” What the heck, that’s the focus now? For something a little more common se...
District Of Columbia United States Jennifer Rasmussen Knight Mcdash Chris Ledwidge Mike Fratantoni

Back Office, Construction Loan, Social Media Products; Inflation News; Notes on FoA/AAG

Stage presence during the holidays? Here’s an example . Christmas, and 2023, is roaring our way… What are you telling your bosses? If you’re working on projections for next year, next Thursday at 11AM PT join the MBA’s fabled chief economist Mike Fratantoni and me whilst we debate the future with Sales Boomerang and Mortgage Coach. Something for the whole family! “Rob, are you hearing that lender fallout is increasing, and with it costs that are incurred ear...
United States Ed Vaccaro Craig Williamson Rob Clennan Reza Jahangiri Jeff Neufeld

Tech, QC, Foreclosure, POS, Jumbo Products; USDA, FHA, HUD News

This morning I head to Kansas City to spend some time with the MBAKC. KC is a mere 500 miles from Oak Park, Illinois, east of Chicago and childhood home of Ernest Hemmingway. (Although Ernest Hemingway never actually used the phrase, “Wide lawns and narrow minds” when describing his childhood neighborhood, it certainly is catchy.) And KC is a hop, skip, and a jump away, which in this case is 800 miles, from Cleveland. Why do I mention this? I know it’s not even Thanksgiving ...
United States Oak Park West Virginia New York New Hampshire Maxwell Point

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