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Diamond Residential Mortgage Corporation Enhances Offerings to Strengthen Underserved Communities

Diamond Residential Mortgage Corporation Enhances Offerings to Strengthen Underserved Communities
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Capital Markets, TPO, eClose, Warehouse Products; FHA, VA, USDA News

Notes to start off the week?! First off, there are some darned clever people around, and this ditty (thank you to John H. for sending) sung to “American Pie” and lamenting the loss of the refi biz, ranks right up there for quality! (“… I can’t remember if I cried, when I read my client’s DTI, now considered too damn high…”) Second, lumber prices have dropped as the mortgage market has slowed. Lumber now comes in at $829 per 1,000 board feet, down 39 percent from its 2022 high of $1,357 in March. (To keep your perspective, today’s price is still nowhere near pre-pandemic levels of $300 – $500; One can always increase timber cutting on Federal land or reduce tariffs on Canadian lumber.) For bad news, last week investors focused on inflation with Treasury yields climbing higher, and back-to-back inflation reports showed prices posting record advances. On Thursday, the benchmark risk-free 10-year U.S. Treasury yield ramp ....

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Shifting Populations and Remote Work Trends Give Borrowers More Options

As the trend toward remote work continues to grow and populations in city centers continue to decline, the team at Diamond Residential Mortgage Co. ....

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Diamond Residential Mortgage Ups Commitment to Underserved Communities Through New Product Launch

LAKE FOREST, Ill, March 9, 2022 /PRNewswire/ Diamond Residential Mortgage Corporation, a Midwestern-based mortgage banker with over 30 branches. ....

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Diamond Residential Mortgage Company Announces Second Consecutive Billion Dollar Year

Press release content from PR Newswire. The AP news staff was not involved in its creation. ....

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