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Non-QM, DPA, Jumbo News; Training, Servicing, Marketing, Dashboard Tools; 10-Year Approaching 3 Percent - Vimarsana News

Non-QM, DPA, Jumbo News; Training, Servicing, Marketing, Dashboard Tools; 10-Year Approaching 3 Percent

As the nation ruminates on the court ruling on the mandatory mask mandate, remember, “You do not need a parachute to skydive. You only need a parachute to skydive twice.” It is a safe bet that the Federal Reserve will raise short term rates more than twice before summer. This month’s STRATMOR blog is titled, “A Primer on the Federal Reserve and Mortgage Rates.” Here in Atlanta, in the MBA-STRATMOR Peer Group Roundtable meetings, much of the conversation revolves around interest rates, as one can imagine. The Federal Reserve is going to have a hard time bringi...

Capital Markets, TPO, eClose, Warehouse Products; FHA, VA, USDA News - Vimarsana News

Capital Markets, TPO, eClose, Warehouse Products; FHA, VA, USDA News

Notes to start off the week?! First off, there are some darned clever people around, and this ditty (thank you to John H. for sending) sung to “American Pie” and lamenting the loss of the refi biz, ranks right up there for quality! (“… I can’t remember if I cried, when I read my client’s DTI, now considered too damn high…”) Second, lumber prices have dropped as the mortgage market has slowed. Lumber now comes in at $829 per 1,000 board feet, down 39 percent from its 2022 high of $1,357 in March. (To keep your perspective, today’s p...

AI, Underwriting, WealthBuilder Products; Non-Agency News, Good and Not so Good - Vimarsana News

AI, Underwriting, WealthBuilder Products; Non-Agency News, Good and Not so Good

I think that we can all agree that in 2017 not a single interviewee got the answer correct to, “Where do you see yourself 5 years from now?” Heck, projections and forecasts in the first few months of 2020 didn’t foresee the drop in interest rates and rise in home values. But there some ways to influence residential lending, and have the inside track on changes coming our way, and that is through the MBA’s membership. (And no, this is not a paid ad.) The MBA is currently offering a deal: 2022 dues rate to enjoy member benefits through the close of the 2023 membership...

Non-Agency, TPO, Pre-approval, Compliance, CRM Products; Dallas Fed on Housing; FINRA Rule 4210 Update - Vimarsana News

Non-Agency, TPO, Pre-approval, Compliance, CRM Products; Dallas Fed on Housing; FINRA Rule 4210 Update

As we edge toward Easter, which isn’t until April 17 this year, the Dallas Fed has released a report on housing prices… have they become unhinged from fundamentals? Those crafty food scientists have been at work creating Black Jelly Bean Spiced Maple Syrup for creative pancake breakfasts. Some people will tell you that accounting can be creative, but one likes to think that publicly-held companies, with the advantages and disadvantages of being public, are an open book, accounting-wise. For example, Guild Holdings (Mortgage)’s the most recent filing with the Securities and...

Everything You Need to Know About the Orion Protocol - Vimarsana News

Everything You Need to Know About the Orion Protocol

Trading is no longer restricted to some of crypto's most pressing issues. Liquidity, accessibility, scalability, and custody are all totally transformed by Orion to work for you rather than against you.