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Construction, Rental DSCR, Warehouse Products; Agency News; MBS and Rate Sheet Pricing; Retail Profitability Study - Vimarsana News

Construction, Rental DSCR, Warehouse Products; Agency News; MBS and Rate Sheet Pricing; Retail Profitability Study

Some things are fortuitous. For example, if Sting hadn’t been in Montserrat windsurfing when Dire Straits was recording “Money for Nothing,” would we have ever heard the iconic “I want my MTV” 38 years ago? Some things don’t go so smoothly, like insurance in places like California and Florida. Farmers Insurance is the latest home insurer to pull out of Florida’s market, labeling the move as a business decision that was “necessary to effectively manage risk exposure,” per the company’s statement provided to Fortune. Shortly a...

Appraiser, ECOA, Video Marketing Products; Conventional Conforming News; What Has Driven Rates Higher? - Vimarsana News

Appraiser, ECOA, Video Marketing Products; Conventional Conforming News; What Has Driven Rates Higher?

Did you know that wheat futures prices are at a 2-year low? And lumber prices continue to drop? Those numbers should help reduce inflation. During the conference in NY there was plenty of talk about external influences such as price increases on residential lending. But there are also plenty of issues within our biz that face lenders daily. For example, signing bonuses continue, albeit at a slower rate. Perhaps some of the economic bloom is off the bonus rose? Big signing bonuses come with big handcuffs. It stinks when a competitor takes your production but not your overhead, right? With the h...