Page 8 - Maxwell Point News Today : Breaking News, Live Updates & Top Stories | Vimarsana

As Wells Fargo was smacked upside the head with a $3.7 billion fine by the CFPB, sports news included Mat Ishbia and the Phoenix Suns, and the Senate passed the Improving Access to the VA Home Loan Benefit Act of 2022, and the Federal Housing Finance Agency (FHFA) Office of Inspector General released a report with a really long name because that is what bureaucrats do (FHFA Could Further Combat Appraisal Bias by Ensuring That Complaints Are Filed with State Authorities and Ensuring the Enterprises Use Appraisals That Comply with Federal Law), the industry is grappling with continued higher rat...

Anyone who has ever gone swimming in the ocean knows that, in a violent surf, the swimmer can’t spend time and energy in the waves near the shore being knocked about. They either swim out beyond them, or swim into the beach. Using that analogy, think about lenders and vendors in the current environment. Having “no plan” is not a plan. Best to go one way or the other, because staying in the surf can be exhausting. (It will be a topic of today’s chat between the MBA’s fabled chief economist Mike Fratantoni and me at 11AM PT.) Meanwhile, capital markets departme...

The Buffalo Springfield sang, “There's something happening here… But what it is ain't exactly clear.” Those were historical times, and a reminder that things are always changing… In Whole Foods the other day I overheard a little girl speaking to another little girl (both in yoga pants) saying, “I’m vegan; I don’t eat candy from animal pinatas.” What the heck, that’s the focus now? For something a little more common sense, and relevant, the current blog on the STRATMOR website is, “The Secondary Market’...

Stage presence during the holidays? Here’s an example . Christmas, and 2023, is roaring our way… What are you telling your bosses? If you’re working on projections for next year, next Thursday at 11AM PT join the MBA’s fabled chief economist Mike Fratantoni and me whilst we debate the future with Sales Boomerang and Mortgage Coach. Something for the whole family! “Rob, are you hearing that lender fallout is increasing, and with it costs that are incurred early in the process like running credit?” Absolutely. Lenders, in their zeal to lock in volume,...

This morning I head to Kansas City to spend some time with the MBAKC. KC is a mere 500 miles from Oak Park, Illinois, east of Chicago and childhood home of Ernest Hemmingway. (Although Ernest Hemingway never actually used the phrase, “Wide lawns and narrow minds” when describing his childhood neighborhood, it certainly is catchy.) And KC is a hop, skip, and a jump away, which in this case is 800 miles, from Cleveland. Why do I mention this? I know it’s not even Thanksgiving yet, but fans of “The Christmas Story” movie should know that the house (and museum, a...