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Productivity, Non-QM, CRM, Automation Products; ChatGPT, AI, and the Mortgage Industry

Amidst the seemingly week mass shootings and violence, individual deaths stand out. Heartfelt condolences go out to Jennifer and Dan Gilbert, of Rocket Mortgage, over the death of their 26 year old son Nick. No parent should have to deal with the death of their child and going through the grieving process. Meanwhile, UWM’s Mat Ishbia was involved in a play during the NBA playoffs. When I was a kid, my grandmother (Edna, and the source of several of my passwords) came to live with us. When...
White House District Of Columbia United States New York Salt Lake City Ken Perry Andrew Lunceford

Cap. Mkts, Broker, HMDA Review, AI/ML Products; Recent Freddie and Fannie News

John Kenneth Galbraith said, “The only function of economic forecasting is to make astrology look respectable.” How about forecasts of how dramatic this downturn has been for residential lenders and related third parties? What is making the headlines these days are companies that are not reducing their workforce, since on the flipside nearly every lender, large and small, are having layoffs, as well as many vendors from small to large (like ICE’s cutbacks in its mortgage gro...
United States Freddie Mac Fannie Mae August Phil Rasori John Kenneth Galbraith Seth Cohen

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