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Community Lending, Financial Literacy Tools; Customer Experience Study; CMLA/CHLA; FHFA and Ginnie and Seller Servicers - Vimarsana News

Community Lending, Financial Literacy Tools; Customer Experience Study; CMLA/CHLA; FHFA and Ginnie and Seller Servicers

Today is World Breast Cancer Research Day, a global recognition of the life-changing research (past, present, and future) to end breast cancer. That would be nice. What is also nice, so far, is the lack of named storms in the Southeast. Lenders, and servicers, and of course homeowners, in the Southeast dread “hurricane season.” Back in May, NOAA's outlook for the 2022 Atlantic hurricane season (June 1 to November 30) called for “above normal” storm activity. But the prediction, like interest rate predictions, has so far been wrong, and it has been surprising...

Recruiting, Cap. Mkts., DPA, Lead Conversion, Broker Products; Jumbo, Non-Agency, Non-QM News - Vimarsana News

Recruiting, Cap. Mkts., DPA, Lead Conversion, Broker Products; Jumbo, Non-Agency, Non-QM News

We began 2022 thinking that this might be the “Year of Non-QM.” The product certainly has its advantages for some borrowers, and lenders & investors. And then First Guaranty and Sprout vanished, and the herd of lenders was spooked, began talking about March of 2020 when some investors backed away from the market, and everyone was reminded to never have only one “take out” for a given loan or product. And then the headline yesterday: “SEC Charges Angel Oak Capital Advisors with Misleading Investors in $90 Million Fix-and-Flip Securitization.”...

Bridge, DPA, Non-Agency, Fee Collection Products; Training, Webinars, Events - Vimarsana News

Bridge, DPA, Non-Agency, Fee Collection Products; Training, Webinars, Events

“Looking out at the road rushing under my wheels… Looking back at the years gone by like so many summer fields.” Yes, at the end of today we’re halfway through with 2022 (already). Time passes, hair styles, relationships, people, pandemics, and companies come and go. (Today’s joke has to do with the passing of time.) History is made and remembered. Woody Williams, the last surviving WWII Medal of Honor recipient (Iwo Jima), died yesterday at 98, as did Hells Angel founder Sonny Barger. When was the last time COVID made the headlines? Yesterday the Commentary ...

Pre-Qual, Appraisal, Marketing, Accounting Tools; Rural Housing Process and Ginnie Mae News - Vimarsana News

Pre-Qual, Appraisal, Marketing, Accounting Tools; Rural Housing Process and Ginnie Mae News

Knocking on wood is an apotropaic (averting bad luck) tradition of literally touching, tapping, or knocking on wood, or merely stating that one is doing or intending to do so, in order to avoid "tempting fate" after making a favorable prediction or boast, or a declaration concerning one's own death or another unfavorable situation. Many believe it originated with pagan groups and cultures around the world, such as the Celts, who worshipped and mythologized the trees. These groups believed the trees were home to their various gods and with the touch of wood, a spirit c...

Private Label, Fulfillment, Non-Agency Products; Wholesalers and Correspondent Process and Product Changes - Vimarsana News

Private Label, Fulfillment, Non-Agency Products; Wholesalers and Correspondent Process and Product Changes

What guy hasn’t wanted to usher a gal through to a club like Ray Liotta did, masterfully filmed without cutting away? Unfortunately, breaking the spell of the video, I received this note. “Rob, what have you heard regarding a miscalculation of credit scores by Equifax in late March and early April on a sizeable portion of their pulls?” I have indeed heard rumors, and indeed heard rumors that it potentially impacted thousands of borrowers across the United States, possibly influencing the loan programs and pricing that those borrowers received. Something to do with a coding...