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Secondary, Processing, Referral, Automation Tools; B2B Lawsuits Update; NFP Comes in Low

Anyone born around this time is a Capricorn, and if you believe in horoscopes, they are the most patient and careful, and they are down-to-earth for everything. The broad stroke feature of them is adamancy: they tend to hold on to their own views and never give up before achieving the goal. I like to believe that the goal of nearly every lender is to do more volume in a compliant manner, and the volume part is going to become tougher. According to Curinos, December 2021 mortgage rate-lock volume was down 40% YoY and 17% MoM across all channels, while funded volume decreased 25% YoY and 6% MoM. In the Retail channel, lock volume decreased 37% YoY and 17% MoM, while funded volume was down 25% YoY and 6% MoM. (Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures. Drill deeper into this data here.) Farther up the food chain, do you think it is just your imagination that active real estate listings are down? Nope. The St. Louis Federa ....

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Mentoring, Recruiting, Productivity Tools; Investor's FHA, VA, USDA Program News; Better.com Layoff Video

Huh? Someone told me that “reality” shows are all scripted out ahead of time and there’s a standard recipe! What the heck?! There are some things where recipes are expected, like making food. Popular Mechanics takes us inside the largest handmade candy factory in this interesting video. Hammond’s Candies has been making its world-famous confections in Denver, Colorado for 100 years. Their most famous product is oversized candy canes. If you’re in Denver, Hammond’s Candies offers a Free Factory Tour which any candy lover would enjoy, especially in the holidays. Not so sweet are the continued layoffs in various areas of our business, the latest large block of cuts being reported from Better.com . (Those displaced can always post their resumes for free at www ....

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Sales, Tech, VOE Tools; Freddie and Fannie Changes Continue; Omicron and Mortgage Rates

W.C. Fields said, “Money will not buy happiness, but it will let you be unhappy in nice places.” Unfortunately, many people have much less of it, and here’s a quiz to start the week. What are -68 percent, -66 percent, -60 percent, -40 percent, -13 percent, and -2 percent? They are all the stock performance since their initial public offering, or SPAC merger, of well-known companies in the residential mortgage business. And the numbers aren’t even the decline from their price highs, which would look much worse. In order of a hit taken: Home Point, loanDepot, Finance of America, United Wholesale, Rocket, and Guild. (Thank you to California’s Jeff B. for sending.) Every deal was different, but many analysts are questioning the franchise value of pure TPO (broker and ....

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