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Training and Events; TPO, Processing, Tax Products - Vimarsana News

Training and Events; TPO, Processing, Tax Products

This isn’t a commentary. It’s a “next level experience!” How are we in the week ending the first quarter already? Here’s some news that will be greeted with glee by every independent mortgage banker in the nation, whether they do business in California or not. The California MBA and national MBA, and constituents across the state, have defeated the CRA requirement for non-depository institutions in that CA. Given that 20-25 percent of residential production comes from the Golden State, it has wide ramifications. CEO Susan Milazzo tells me that the author of S...

Secondary Mktg., Appraisal, Fulfillment Products; Home Affordability Slips; Jumbo News; Crypto Mortgages - Vimarsana News

Secondary Mktg., Appraisal, Fulfillment Products; Home Affordability Slips; Jumbo News; Crypto Mortgages

The state of most commodity prices around the world? Prices are higher. What is the current state of donating blood? I tried donating blood again yesterday in San Luis Obispo, CA. Never again! Too many intrusive questions. ‘Whose blood is it? Where did you get it? Why is it in a bucket?’” The current state of the real estate market? Let’s see what these “rappers” have to say about it. The status of cryptocurrency mortgages is worth knowing. How about the current state of the jumbo biz? There’s more jumbo and non-Agency news below, but from the p...

Company Sponsored Events, Compliance Products; Pool of Loans for Sale to CUs; CFPB and UDAAP - Vimarsana News

Company Sponsored Events, Compliance Products; Pool of Loans for Sale to CUs; CFPB and UDAAP

Walking around Memphis yesterday got me to thinking, “I wonder what the part of my brain that used to store people’s phone numbers is doing now.” Maybe being used to store cool ads like the one in the joke section below, or lyrics of old songs? Thank you to VanDyk Mortgage’s Steve Richman who reminded me of Mott The Hoople’s “All The way From Memphis.” In 1973, when that song was released, the Fed Funds rate hit a high of 11.22 percent. Inflation can be harsh. Are you thinking about the price of food and gas a few months ahead of summer vacation...