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On September 8, 2021, Fannie Mae issued Servicing Guide Announcement SVC-2021-06, regarding certain updates to its Servicing Guide, including updates to Form 582 seller/servicer...
Lock Desk, MLO, Underwriter Jobs; POS, Workflow, Digital Tools; Agency's Trend: Not Our Friend? Apr 16 2021, 8:23AM Suddenly everyone’s ruminating on upcoming mergers and acquisitions (and there will definitely be some), but in the lower management ranks, lenders are already shifting their hiring practices, and taking a careful measure of production and productivity. Will we ever run out things to measure? The median age (half above, half below) of owner-occupied homes across the U.S. is 39 years, according to the latest data from the 2019 American Community Surve...
Fannie Mae and Freddie Mac recently issued updates to their selling and servicing guides. Fannie Mae recently issued Selling Guide Announcement (SEL-2020-07), which highlights updates to the Selling Guide including the following, among others: The expansion of property eligibility criteria to allow for the sale of loans secured by single-width manufactured homes that meet specified eligibility requirements and for the eligibility of such properties for principal residence purchase and limited cash-out refinance transactions (effective February 1, 2021); Updates to requirements related to the ...
Sales Jobs; Lending Shell Wanted; Non-QM, VA IRRRL Products; Investor's Agency Changes Dec 14 2020, 9:43AM With the snow expected in the Northeast this week, countless households washed loads of pajamas yesterday so that they could have clean work clothes this week. Y’all think 2020 is bad? Just wait until it turns 21 and starts drinking. Yet 2020 has been good for rates. The Fed has tamped down Treasury yields since the start of the pandemic in March, though those yields are quite the double-edged sword for the central bank. Higher Treasury yields/sinking bond an...