Page 12 - Lender Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

There are strange things going on out there. Revlon filing for bankruptcy. Atlanta’s mayor calling for limits on investors buying homes. Delta Airlines limiting the amount of time you can spend in its lounge eating cubes of cheese and lukewarm chili. Many high earners are living paycheck to paycheck. What isn’t strange, unfortunately, is lenders’ net worth plummeting, and a good indicator of that is the price of publicly held stocks. loanDepot, which had a high of about $22 per share, hit $1.75 yesterday. Guild Holdings was over $17 per share, now near $10. Rocket over $23...

If you can't think of a word or phrase, say, "I forgot the English word for it." That way people will think you're bilingual instead of an idiot. It is not hard to remember the phrase, “Rates are going higher.” While independent mortgage banks continue to compete with the intermediate ARM offerings from depositories in the 3 percent range, and originators shift their sales techniques, on a larger scale the Federal Reserve acted yesterday confirming its desire to slow inflation down by raising the target overnight Fed Funds rate by 75 basis points...

WFG National Title Insurance Co., a provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, has expanded its agency footprint to include four additional western states — Colorado, Montana, Utah, and Wyoming — with the formation of the company’s new Rocky Mountain Region.  

“Do you know that humans eat more bananas than monkeys? Think about it, when was the last time you ate a monkey?” Words and terms are important. At this point, any company not having layoffs, reductions in force, or “right-sizing” (such a PC term) makes news, not the organizations actually making cuts and changes. (In K-pop news, even BTS announced a “hiatus” to focus on solo careers after nearly 10 years together.) And lenders aren’t the only ones cutting back. Real estate firms Compass and Redfin (owner of Bay Equity Home Loans) are laying 6-1...

While we await FEMA to declare the Yellowstone area a disaster (page down and spend 40 seconds watching the video) is “niches to riches” the new informal slogan of loan officers? LOs are certainly watching how higher interest rates have already impacted American homeownership as rising mortgage rates and house prices reduce buyer affordability. At the other ends of the loan process, making the rounds, which capital markets staff say is causing confusion, via ZeroHedge is a blog post from Louis Barnes at Cherry Creek Mortgage declaring MBS going “no-bid”. While many ...