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Top News In First Look Program Today - Breaking & Trending Today

CNNW Erin Burnett OutFront May 18, 2018

It . Lets go outfront. Good evening. Outfront tonight, the breaking news. The 17yearold High School Student charged with capital murder today for killing seten people in Texas High School is expected to appear in court any moment. Its this high school in santa fe, texas, devastated today by yet another american l School Shooting. Nine students and one teacher dead tonight. At least another ten injured. And tonight, a second person in custody. An 18yearold. Who according to one Law Enforcement official is believed to be a possible accomplice of the shooter. This comes as we are learning new details about shooter himself and his plot. According to officials, he is he was armed with his fathers shotgun and revolver. Started shooting this morning. There was pa ....

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Processing, TPO, Co-op, Subservicing, Home Ownership Products; Q&A on Rates Yesterday

Yesterday, before the yield on the risk-free U.S. 2-year note rose to 4.25 percent, I mentioned my cat Myrtle being offered a big signing bonus by the family next door because word of her mousing prowess has spread. Myrtle’s tight-lipped on the details (which are assumed to involve plentiful halibut and wild salmon) but it did result in contemplating a possible retention bonus of a new scratching post and a catnip-infused cloth mouse. She seems to be thinking it over. Meanwhile, as rumors are running amok that publicly-held Finance of America is selling its dedicated retail group to G-Rate, lenders everywhere are stunned with the bond market and interest rates. Forget the assumptions that were built into signing bonuses a year ago, as those are going to hell in a handbasket, this interest rate market is bad. Yes, people still need home financing, but the sticker shock is bad. (Today’s podcast, which has an interview with Linda Case of TMS on servicing boarding and escrow ....

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Housing Correction, Industry Events, Vendor Services; All Eyes on Fed This Week

In the words of former Vice President Dan Quayle, “We are ready for any unforeseen event that may or may not occur.” Around the world, soaring borrowing costs are squeezing homebuyers and property owners alike. So, what does the public see in terms of headlines and the housing market? There was billionaire CEO of private equity company Starwood Capital Group, Barry Sternlicht, warning that the housing market is headed for a major crash. Moody’s Chief Economist Mark Zandi is more optimistic, saying that house prices will soon undergo a ‘correction, but not a ‘crash.’ Almost one-third of homes sold in July were paid for entirely with cash. Wealthy U.S. homebuyers are charging in with all-cash purchases even as the broader housing market is slowed by rising mortgage rates. One thing is certain for those financing or looking to finance their real estate. Households with loans are tightening their belts, while rising mortgage payments discourage wou ....

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CRM, Automation, Home Equity, Non-English Products; FHFA and Freddie News

Tony H. writes, “I just switched my 30-year home mortgage to ‘student loan.’ Follow me for more financial advice.” I have been fielding questions about the impact of student loan forgiveness on credit (probably won’t impact credit scores) but also whether the forgiven debt is taxable (not at the Federal level, but Forbes thinks it may be at the state level in some places). While the government is intervening, wouldn’t it be nice if someone put a cap on college cost escalation? The government doesn’t directly determine compensation or profit margins, but both are huge issues for lenders. (“Lenders are Eying Compensation and Ops Trends” is the current STRATMOR blog.) The government doesn’t directly determine the rate of inflation either, but the Federal Reserve can address it. During his Jackson Hole speech, Powell said that the Fed will continue raising interest rates and hold them at a higher level until it is confid ....

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Mission Cyber Group Joins ePS NDVSB eMarketplace to Support

Company Celebrates Diversity by Supporting 1,500+ Corporate eMarketplace Members and Furthering NDVSB’s Overall Programs. ....

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