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Hedging, TPO Marketing, AI Underwriting, Encompass Tools; FHA and USDA News; STRATMOR on Lessons Learned

While we await the release of the changes in the official conforming loan limits later today (many lenders and MI companies went to $750k in October, the CLL will probably increase around 6 percent for 2024 to around $770,000, and to $1,155,000 for high cost areas), both vendors and lenders continue with changes, instituting workweek reductions, furloughs, pay cuts, and layoffs due to overcapacity… Much different than a couple years ago when those same companies couldn’t hire peopl...
United States Ginnie Mae Courtney Dodd Dave Gottfried Alan Pezeshkian Andrew Rhodes

CMG Financial Announces the Addition of Shamrock Home Loans, Expanding Its Presence Across the Northeast

PROVIDENCE, RI / ACCESSWIRE / November 16, 2023 / CMG Financial, a well-capitalized and privately held mortgage banking firm based in San Ramon, CA, is thrilled to announce the addition and integration of Shamrock Home Loans' origination team. The ...
District Of Columbia United States Christopherm George Annaugh Madsen Mortgage Inc Mortgage Bankers Association
Source: yahoo.com

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Tech Stack Analysis, LO Efficiency, Fair Lending Products; NAR is Lawyering Up; STRATMOR on Retaining Customers

Here in the Milwaukee area (yes, the autumn colors are stellar), I attended a Newrez joint venture event and one of the conversation topics (besides lenders either saying “no mas” and exiting or being purchased, more below, or NAR’s legal events, more below) is the changing landscape of down payments and down payment assistance programs. STRATMOR’s current blog is titled, “Mind the Down Payment”. Despite high mortgage rates and low buyer demand, home pri...
United States New York John Owens David Laz Lazowski Mike Seminari Steve Jacobson

How a Vegas Whale, and Many More, Tap Billions Meant for US Housing

(Bloomberg) -- As prices across the US climbed last year, Texas tycoon and legendary high-stakes poker player Andy Beal saw a chance to profit. All he needed was several billion dollars to wager on inflation.Most Read from BloombergWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Here’s What 8% Mortgage Rates Will Do to the Housing MarketBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Israel Latest: Hezbollah Fires Missiles a...
United States San Francisco Two Harbors Graham Miller Teresa Bazemore Ryan Donovan
Source: yahoo.com

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