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Margin Mgt., LOS, Correspondent, AI Products; Fed Strategy and Goals; Remembering Dave Stevens - Vimarsana News

Margin Mgt., LOS, Correspondent, AI Products; Fed Strategy and Goals; Remembering Dave Stevens

Then VP Al Gore supposedly said, "It isn't pollution that's harming the environment. It's the impurities in our air and water that are doing it." Here in San Diego (current low temperatures in the high 40s), residents are very pleased about a new wastewater treatment plant being built south of the border, since SD has suffered beach closures for years due to effluent flowing north. Effluent aside, much of the mortgage talk here is about repurchases and early pay off penalties, as well as how independent mortgage banks (IMBs) have not been retaining ser...

MSR Sales, Subservicing, Margin Mgt., PPE, HELOC, Pre-Approval Tools, Don't Ignore HMDA Requirements - Vimarsana News

MSR Sales, Subservicing, Margin Mgt., PPE, HELOC, Pre-Approval Tools, Don't Ignore HMDA Requirements

Home schooling is the goodest thing I ever did for my two kids. Hopefully, they both learned that an inverted yield curve doesn’t automatically create, or lead to, a recession. As we approach 2024, short term rates have been higher than long term rates since 2022, and when you think of the last 10 recessions eight of the last 10 were preceded by an inverted yield curve. But now the “experts” are saying that this yield curve inversion is due to artificial reasons, namely the U.S. Federal Reserve’s actions that shifted rates, rather than more natural factors. Time wil...