There’s an old LO joke, telling their client, “When you’re buying a house, be sure to do it with a significant other, and make sure that one of you has good credit. That’s why it’s called ‘significant’ other: sign-if-i-can’t.” Everyone in our biz knows that owning property is a great way to build wealth, although between elevated inflation, stubborn mortgage rates, and general economic uncertainty (one can argue that the future is always uncertain, right?), it may not feel like the right time to plunge into the housing market. But every LO should know that if past patterns hold true, inflation can actually boost homeownership and people who are living through this time may be more inclined to buy a house in the future! A fine selling point when an originator is speaking with a potential client. (Found here, this week’s podcast is sponsored by Truv. Truv lets applicants verify income, employment, assets, insurance, and switch direct deposits. Unlock the power of open finance, with Truv. Today’s has an interview with Sagent’s Uday Devalla and Perry Hilzendeger on new servicing platforms and technology.) Lender and Broker Services, Products, and Software On Jan. 1, 2024, ICE’s dedicated technology experts rang in the new year by helping 92 mortgage and home equity clients successfully complete all month-end, quarter-end and year-end processing. That’s nearly 52 million active and inactive loans serviced using the industry-leading MSP® loan servicing system processed in under 24 hours. Read more from the mortgage technology experts at ICE to learn what goes into this critical yearly regulatory process and see how ICE helps its clients meet reporting requirements.
During the Spring Festival holiday, the LME metal on the outer disk "rose". London Xi led the way with a 3.85% increase, London copper rose 2.99%, London zinc rose 2.58%, London nickel rose 1.62%, London lead rose 0.88%, and London aluminum fell 0.31%.
GBP/USD FX Update: "January and February are typically good months for the Dollar" say ING currencynews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from currencynews.co.uk Daily Mail and Mail on Sunday newspapers.
The Indian rupee is expected to open marginally higher on Wednesday after dovish comments from Federal Reserve officials prompted a further fall in U.S. Treasury yields and the dollar. .