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Dave Weatherford Joins Logan as Sales Director

Dave Weatherford Joins Logan as Sales Director

United statesDave weatherfordPremium lending servicesNews networkLogan unparalleled serviceLogan finance corporationWeatherford joins loganFinance corporationLogan chief revenue officer aaronLogan financeLoan stream mortgageGuaranty home mortgageNewrez wholesaleNon delegated correspondentUnparalleled serviceAbest technology

Hedging, PPE, Fee Collection, QC Products; Gov t and Conforming News; Producer Inflation Alive and Well

This morning I head from Chicago to Orlando along with 74 million others (yearly). More fun with numbers: Although the MBA thinks we’ll fund about $1.7 trillion in 2023, weekly applications continue to reflect a declining market so let’s use $1.5 trillion to make the numbers easier. That averages out to $6 billion per business day of production. The Fed is looking to offload $13 billion in MBS from bank seizures. To keep things in perspective, that is only two days’ worth of production, certainly not enough to “swamp the boat.” Perspective is good, and here’s another example. Higher and volatile interest rates, uncertainty about property values, and stresses in some property markets have increased pressure on some loans and properties. Accordingly, MBA reported that commercial and multifamily mortgage delinquencies increased in the second quarter of 2023. Even with the uptick in delinquency rates, they remain at the lower end of historical rang

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TPO, Due Diligence, Automation, Servicing Products; LD Earnings; Events and Training; Moody s Bank Downgrades

“Once things were so tough for me, I worked at a cheap pizza shop to get by. I kneaded the dough.” Things are indeed tough out there. The other day I caught my cat Myrtle at the keyboard, apparently trying to show my new granddaughter Kozette how to apply for a loan to buy a tuna fishing boat. (I know, there’s a lot going on here.) Anyway, up on the screen was a website that will generate a paystub given whatever information you provide. How’d you like to be an underwriter, trying to assure that the borrower has the ability to repay, with this out there? Hence the need, obviously, for some kind of third-party verification service, right? Meanwhile, companies, large and small, continue to sell servicing rights in packages, large and small, in order to raise cash. Servicing is, pretty much, all a lender has in terms of net worth. And when their servicing is gone, well…? For a good bell weather of the general industry, yesterday we had loanDepot'

United statesWest virginiaNew hampshireCity ofUnited kingdomDan sussmanSandra jamesKatie sweeneySelma hepp corelogicJustin demolaRebecca lorenzJulie hansenMelissa langdaleJeff schaeferSkylar olsenLawrence yun

Non-Agency, Jumbo, LOS, Marketing Tools; Appraisal News on ACE/PDR: a Faster Way to Close

Non-Agency, Jumbo, LOS, Marketing Tools; Appraisal News on ACE/PDR: a Faster Way to Close
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