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FHA, 1st Time Homebuyer, Servicing, Automation, Fair Lending Tools; List of Top 100 Lenders of 2023

When this commentary gig gets old, I think I’ll take up… throwing needles? But so far so good, putting this out six days a week. Yesterday I glanced at the calendar, and we’re 10 percent of the way through 2024 already! Still raining here in Northern California, and the flooding has caused a lot of concern in the mortgage industry, especially among companies servicing loans on any houses that are damaged, as well as owners of MBS with loans in them on any potentially damaged homes. At least the days are seeing more sunlight in the Northern Hemisphere. Daylight Savings kicks in on Sunday, March 10, just a little over a month away, and goes on until November. (Hawai’i, American Samoa, Guam, Puerto Rico, the U.S. Virgin Islands, and most of Arizona blow off this clock changing stuff.) Today’s Commentary podcast can be found here and this week’s is sponsored by Vesta, the new, modern Loan Origination System (LOS) which helps lenders reduce their co ....

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HELOC, Retention, Verification Tools; M&A Marches On; Volatile Year but 10-Year yield ends 2023 Roughly Where it Began

“What do you call a gal who’s had too much to drink? A cab.” Of course, anyone who’s been drinking should stay away from California’s 40-foot waves. Drinking too much has its consequences, either when you’re doing it or the next day, and under the “Big Brother marches on at the expense of privacy” heading, in Brazil, Burger King says it's doling out "Hangover Whoppers," using facial recognition to determine whether you had too much to drink last night. Technology has strange offshoots. Google, thought to be tech but actually the world’s largest advertising company, owns the majority stake in Nevada’s Burning Man, held around Labor Day. There are strange things that have nothing to do with technology, of course, like the ownership of Napolean’s “staff of life.” (See how I slipped this in when everyone’s on vacation?) Today’s podcast can be found here, and th ....

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Lower says team issued high-risk loans before AmCap poaching

Lower says team issued high-risk loans before AmCap poaching
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