Audrey Boissonou News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Our industry continues to be battered. Starwood Capital-backed Reverse Mortgage Funding and its parent company Reverse Mortgage Investment Trust have filed for bankruptcy. Inlanta Mortgage told the state of Wisconsin it plans to wind down its business. Switching gears, to celebrate the first day of December, spend 5 minutes taking one of my favorite quizzes, focused on figuring out where you’re from based on the words you use for certain common things. (What do you call the little bug that rolls up into a ball when you touch it? Sneakers versus tennis shoes? Y’all versus you guys...

As Florida’s homeowners, insurance companies, and companies that service loans in Hurricane Ian’s path, brace for the storm, lenders nationwide continue to grapple with a very, very difficult environment. Everyone wants a decent HELOC. Servicing sales have dropped. Buydown loans are back in vogue. (Ask your investor if they buy them, but Planet Home, AmeriHome, and Northpointe jump to mind.) Everyone wants a viable ARM product, at a fixed rate program with some points back. There are many asking if the days of paying 125-150 basis points to IMB LOs are numbered. There is a lot go...

Nature “always bats last.” Terrible flooding in Pakistan, flooding in Mississippi impacting its drinking water supplies. Severe temperatures in China, a hot summer in the Western U.S. Fortunately, this year’s hurricane season in the U.S has been tepid, so far, and fires in the West have been limited. Certainly, storms can impact borrowers and lenders, as can documentation problems or appraisal delays. What percent of your clients don’t close on time? In retail news, if you're a Chase customer buying a new home or an investment property, you may be eligible f...

How much would you pay for a company responsible for a funny video? How ‘bout $1.7 billion bones? Amazon, catching the eye of the FTC, has made an offer to acquire Roomba maker iRobot for $1.7bn. (Speaking of household goods, I occasionally am asked by LOs or employers about closing or referral gifts that are memorable or unique, unlike a bottle of wine or a doormat. I’ll often suggest Cutco knives (no, this is not a paid ad), as there is free engraving with the LO’s name & phone number, and point them to Luke Sasek for advice or to place an order.) I guess thi...

America's national debt topped $30 trillion for the first time, according to figures from the Treasury Department on Tuesday. Why might it matter for mortgage rates? When one combines a record amount of red ink, an aging population, elevated healthcare costs, and a tax system that doesn’t bring in enough revenue to cover spending, and a government that has become known for kicking fiscal cans down the road, well, you can see why there are worries about the long-term economic health of the country. Ignore at your own peril. Something else plenty of people ignore is climate chang...