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Subservicer Oversight, Automated Marketing, Hedging, Non-Agency, QC Tools; Credit Companies Feeling the Squeeze

Takeover and M&A rumors continue to swirl, and smarter companies are merely hiring production staff away from lenders rather than pay the baggage that may be associated with the target while some are selling servicing to help strategically or with cash flow. The MBA reports that our biz originated $4.1 trillion in 2020 and $4.4 trillion in 2021. 2022 is down from those numbers, and 2023 is expected to be $1.5-$2ish trillion, depending on who you ask, certainly less than half of 2021....
United States Mill Creek Corelogic Credco Freddie Mac Brian Hale Lindsay Winterquist

TPO, HELOC Workflow, Processing, PPE, API Tools; CFPB Fines Carrington $5.25mm

Few base their company or family’s savings on the inherent risk in a prediction. But… On a big scale, and we’ve been hearing forecasts of a recession for a year now, JPMorgan Chase’s economists opine that the economy will slip into a mild recession in 2023 as a result of the Federal Reserve's monetary tightening. Of course, recessions usually mean lower rates (one of the topics in today’s Rich and Rob show with MGIC). "We also expect slowing ag...
United States Fort Wayne South Carolina Deborah Sturges Valentin Saportas Jelaire Grillo

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Cap. Mkts., CRM, Appraisal Bias, Pre-Qual Products; October Events and Webinars; S&D Loan Pricing Where?

Water is a powerful force: just check out this time lapse storm surge video from Ft. Meyers in Florida. Turning to metaphors, Sun Tzu said, “If you wait by the river long enough, the bodies of your enemies will float by.” Some investors and lenders may have adopted that phrase. We’re staring at the autumn and winter, and its ugly out there. Cutting costs fast enough? Best Capital, Finance of America’s retail division going to G-Rate (as reported earlier this week in t...
United States United Kingdom Freddie Mac Sun Tzu Phil Rasori Cleveland Mester

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