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Non-QM, Post-Closing, Processing, MSR Financing, Loss Mit Tools; Training to Start April

Today I’m in Manhattan, having flown in to one of the nicer malls I’ve ever walked through, aka LaGuardia Airport. ($8 billion goes a long way.) No, I am not here to avoid the terrible tornadoes that have hit our nation, and I didn’t use Rocket’s new pro-home buying credit card to book the flight. No, I am not here regarding Donald Trump’s indictment by a Manhattan grand jury, although he is expected to come to New York today and to be arraigned in criminal cou...
New York United States Laguardia Airport San Francisco Alan Sacks Amanda Parkhill

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Credit, API, Sales, Repurchase Review, Subservicer Oversight Products; TransUnion Credit Study

There are a lot of topics being covered here at the MBA’s IMB conference. One of them is hedging, and if you want a primer on how lenders are protecting themselves from interest rate risk, here you go. Yesterday the MBA’s Marina Walsh observed what lenders are doing now to survive. In no order: reducing the cost of sales, revisiting existing office leases, taking advantage of predictive analytics, critically examining their business lines, ramping up new products or looking at geog...
United States New York Martin Luther King Jr Dimi Hartman Dylan Langei Marina Walsh

Hedging, Pooling, Outsourcing, Jumbo, HELOC Servicing Products; Events and Webinars

“Wet” January is going well for me. Wait… did I get that wrong? If food news is more to your liking, Krispy Kreme has rolled out donuts covered in Biscoff cookies through the end of January. More calories per bite, right? In other non-mortgage stories, the oldest person in the world has died at 118. Contrary to what LOs say, this photo is not her praying for stated income, stated asset loans to return with no consideration of credit. Speaking of which, the latest credit repo...
United Kingdom New York United States Steve Baczkowski Freddie Mac Rob Chrisman

Despite Over N200 Million Funding, FG Fails To Rehabilitate Access Roads In Oyo Communities

Between 2019 and 2020, the Federal Ministry of Works and Housing released over N200 million to four different companies for the construction and rehabilitation of an access road in Oyo state. THE INFORMANT247’s Yemi Sodeeq reports that despite these releases, the road – from Iresaadu through Igboaka to Onipanu in Surulere local government area – still remains in a deplorable state.
Nigeria General Oyo State Micheal Ayuba Auta Yemi Sodeeq Peter Egbodo Muhammadu Buhari

New Mortgage Products, Vendor Updates, Wholesale News; Can Powell Avoid Spooking Markets?

Whether it is independent mortgage banks or companies with the largest market caps in the world, new products are being developed and rolled out to help drive growth. Apple unveiled new iPhone models, versions of the AirPods Pro, and several smartwatches yesterday. Closer to home, lenders are also exploring new products to drive volume. Newrez announced a 40-Year IO option, designed to increase purchasing power for homebuyers by offering a 40-year loan term with interest-only payments for the fi...
United States Freddie Mac Mike Kortas Chris Ledwidge Dave Savage Alex Kutsishin

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