Sales Mgt., MLO Jobs; Processing, FHA, Efficiency, Video Products; Dr. Fratantoni on the Economy Mar 9 2021, 7:54AM
Does anyone agree on anything anymore? In the past, state trivia was fun because everyone agreed on it. No one will disagree that Alaska is the northernmost, westernmost, and easternmost state, for example. Now if I were to say, “There is only one natural lake in Texas: Caddo Lake,” people will find fault with it. “What about Sabine Lake?” they’ll cry. (Did you know that West Virginia has no natural lakes whatsoever?) One thing that people working from home don’t disagree on (WFH… careful, not WTF) is having a place to work that, uh, works, and here are some design tips. Or “hub and home” might be the new way to work. How is residential lending going to work? Keith Canter, the CEO of First Community Mortgage, has some thoughts about the near-term forecast. (You can listen to the audio version of today’s commentary featur
Lock Desk, Credit, MLO, Ops Jobs; Underwriting, Pricing tools; DACA, URLA Changes; Primer on the Secondary Markets Feb 4 2021, 8:18AM
Making headlines is United Wholesale averaging $15 billion a month in production and earning total net income of $3.4 billion for 2020, quite a change from the $415 million of net income in 2019. And over time, we change. In your 20s: “I fell asleep backwards on a coffee table last night and woke up just in time to run a 5k.” In your 30s: “I bought the wrong pillow. Put me in hospice.” Even Matt Damon changes: he’s selling his house in Southern California for a move to New York. (Schedule a tour of 1401 San Remo Dr. if you like.) Some argue that government never changes, but many argue that it does indeed. With all the headlines about the inner workings of government, many wonder how we are actually being governed as a nation. (Thank you to Len T. reminding me of that clip.)
Christmas Eve: Bus. Dev., MLO, AE Jobs; Verification Tool; Disaster News; What is Build for Rent ? Dec 24 2020, 8:12AM
New Homes Sales tumbled over 11 percent in November. Does that mean no one wants new homes, they’re over-priced, or there aren’t any to buy? One has to look at statistics critically. Housing stats tell us that bigger isn’t always better. Per the Census Bureau, the average square footage of new homes sold in the U.S. dropped from 2,724 in 2015 to 2,518 in 2019. Despite the decline in average square footage, the average sales price of new single-family homes sold in 2019 was $383,900, up from $272,900 in 2010 (not adjusted for inflation). 69% of new single-family houses sold last year were purchased using conventional financing (and other types of financing excluding Federal Housing Administration (FHA), Veteran’s Administration (VA) or cash purchases), up from 58% in 2010. Lest we forget, conventional financing is a mortgage loan