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Top News In Intelligent Automation Platform Today - Breaking & Trending Today

Vendor Updates and Offerings; LLPA Perspective; Milo's Crypto-mortgage

While rates continue higher, from South Carolina comes, “I just got 30 minutes of cardio trying to pick up an ice cube off the kitchen floor.” Plenty of folks on the East Coast are dealing with other kinds of ice (we all know how 2 inches of snow grinds Atlanta to a halt), or may be hunkered down watching Kevin Costner in “Yellowstone” growl his way through the script like he has marbles in his mouth. Meanwhile, digital banker Milo has plans to launch the first-ever crypto mortgage, making it easier for crypto investors to utilize their digital assets to obtain U.S. real estate. “Consumers will now be able to pledge their Bitcoin to purchase property and qualify for a low interest rate 30-year crypto mortgage.” In other money news, broker comp is shifting. loanDepot sent a note out to its brokers increasing LD’s maximum Broker compensation threshold from $25,000 to $50,000, now available and will apply to all branch locations tied to ....

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Contract, Conversion, Retention, Margin Mgt. Tools; Jumbo and Non-QM News; Rates Near 2021 Highs

Today is about the day when you have to think twice about wishing anyone, “Happy New Year.” Okay, maybe tomorrow. There’s a lot of news out there to start 2022, including mortgage news. Moves by Freddie, Fannie, FHA, and VA have a ripple effect on the jumbo and non-Agency market as well. We were reminded of this yesterday when Freddie Mac and Fannie Mae, via their conservator FHFA, publicized April changes to their loan level price adjustments. Freddie announced “…changes to our Credit Fees in Price for super conforming mortgages and mortgages secured by second homes. We are making these updates in light of the significant increase in the 2022 loan limits and under the guidance of the Federal Housing Finance Agency (FHFA). These updated fees are effective for mortgages with settlement dates on and after April 1, 2022.” Freddie & Fannie’s change, although the industry has nearly three months to adapt pricing, is a huge adjustm ....

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