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Lead Source, Secondary Marketing, Income Verification, Marketing Tools; FHA VA, Ginnie News

The most dangerous statement in the English language is, “But we’ve always done it this way.” Referral business has always been a mainstay in our biz, and is not “against the law,” but oddly enough one topic that has come up a few times here in San Diego at the MBA’s conference is continued talk about MSAs, or Marketing Service Agreements. The CFPB spells out everything in its FAQ site. Attorney Brian Levy also discusses the topic in one of his Musings. ...
San Diego United States Chris Seymour Brett Brumley Freddie Mac Michael Jordan

Jumbo Buyer Wanted; Secondary, Sales, Origination, Processing Tools; Jumbo News Around the Industry

While brokers have taken note of UWM suing America’s MoneyLine for sending loans to Rocket and Fairway (remember UWM’s policy plainly stated last March), this week I head to Florida, which retirees humorously refer to as “God’s waiting room.” The state has its share of expected hot markets for 2022 per Zillow, as does the rest of the Sunbelt. Apparently, people in the northern climes are weary of the yearly weather cycle, and, as usual, expect to establish resi...
United States Carrington Process John Suter Anjelica Nixt Cleveland Mester Ellen Steinfeld

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Pricing, Non-QM, BI, Subservicing Tools; Processing and Pricing Shifts; Strong Employment Data Shoots Rates Higher

Goals are good. Anyone whose goals included bringing back serving alcohol on Southwest flights is happy. It is fine for the Biden Administration to highlight first-time homebuyer and affordable housing goals. But by the time those goals filter down to the state and local levels, well, things happen, like economics, red tape, builder preferences, existing housing zoning, and… felines? One wealthy town out in Northern California stopped an affordable housing development citing mountain lion...
New York United States Freddie Mac Mark Hammond Robbie Chrisman Kris Martin

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