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Lock Policy, Sales Goals, Automation, Temp Buydown Products; Capital Markets Bonus Primer

Forget about layoffs, salary cuts, revenue problems. There’s extra leftover candy in the lunchroom! Uh… do we still have lunchrooms? I hope so. And Thanksgiving will be here before you know it, and with it, pumpkin pie. (Yes, I know that this is a mortgage commentary, but even pumpkins have their share of regulation and controversy.) Pumpkin is a variety of squash belonging to the “Cucurbitaceae,” or gourd family which also includes melons and cucumbers. The FDA allow...
District Of Columbia United States Jonathan Corr Lori Larocca Ellie Mae Northpointe Bank

Underwriting, Subservicing, Automation, HELOC Products; Investors React to Hurricane Damage

This is the start of Fat Bear Week. (My money’s on Popeye.) Those poor bears don’t have much privacy, and it turns out that neither do humans. Consumer Reports tells us that TikTok is tracking people even when they don’t use TikTok. Another blow to keeping everyone’s personal data personal. With satellites and drone photos, there isn’t any privacy from above, and the devastation in Florida is horrendous, a portion of which is shown in these before and after pho...
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CRM, Automation, Home Equity, Non-English Products; FHFA and Freddie News

Tony H. writes, “I just switched my 30-year home mortgage to ‘student loan.’ Follow me for more financial advice.” I have been fielding questions about the impact of student loan forgiveness on credit (probably won’t impact credit scores) but also whether the forgiven debt is taxable (not at the Federal level, but Forbes thinks it may be at the state level in some places). While the government is intervening, wouldn’t it be nice if someone put a cap on c...
Republic Of United States District Of Columbia Cheri Wolfe Freddie Mac Melissa Leidy

Warehouse, Customer Service, HELOC Products; Disaster News and NFIP Primer

“What do you get when you cross the Atlantic Ocean with the Titanic? Halfway.” We’ve crossed the halfway point of 2022, and where’s everyone’s attention? As always, lenders offer product, service, and price. Cheap HELOCs, 2nds, down payment assistance programs, and bond programs are in vogue, and any time the possibility of an insurance cut for FHA-backed loans makes it into the Wall Street Journal, it’s become mainstream thinking. Lenders have ramped up...
United States Freddie Mac Benjamin Franklin Sandra Heidinger Kimberley Caffrey Atlantic Ocean

Appraisal, Cap Mkts, Corresp. Jobs; DPA, Reno, HELOC Products; Mergers and Industry Updates

This morning I head off to Orange County to the IMN Non-QM Forum where homeownership and home finance option discussions will be center stage. Did you know that June is “Homeownership Month”? Ginger B. reminds us that, the average homeowner will move up to 12 times in their life and on average will own 3 homes in their life, and the median distance between the homes people purchased and those they moved from is just 15 miles. Create a customer for life with your service! Affordable...
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