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CAAS, TPO, Tech, LOS Products; Fitch on First American's Hack; Freddie and Fannie Forecasts

Susan Toste writes to Ira Selwin who sends me (see how these things work?), “Can you believe it is 364 days until Christmas and people already have their lights up?” Goldman Sachs asks interviewees, "How many square feet of pizza are eaten in the U.S. each year?" (The trick is to work through the logic, not necessarily come up with the right answer.) Learning math is something that everyone does, to one degree or another, and doesn’t typically go onto a resume. (I learned math a whole different way than they do now in China or Japan.) What’s on your resume? How about Scapulothoracic Hypermobility? The Financial Times reports that “Banks (worldwide) shed 60,000 jobs in one of worst years for cuts since financial crisis.” I regularly receive questions about the number of LOs who have left our business. “Plenty” doesn’t ever satisfy the person asking the question, but I don’t know the exact number. Man ....

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NAR Lawsuit; Accounting, MSR Transaction, HELOC Products; Webinars and Training; Interview with Best CEO Vishal Garg and CFO Kevin Ryan

Talk in the hallways here at the MBA Annual in Philly? How about the cost of insurance of all types. Case in point: “What Happens When the Flood Insurance Market Goes Underwater?” The NAR commission legal issues are a big, big deal, possibly impact real estate agents’ commission structure. The cost of credit will be going up, with the evening up of tiers: ask your CRA about it. Buybacks (repurchases) have been a problem for months. Several sales managers have told me that a new reason to touch base with previous clients, besides asking about outstanding 30 percent credit card debt, is LOs reminding previous borrowers about investing their money in a money market or Treasury Direct account and earning 5 percent. The CFPB’s attention, as well as that of other regulators, is on redlining, and we can expect to see fines and penalties due to that. (Today’s podcast can be found here: Sponsored by nCino, maker of the nCino Mortgage Suite, built for the moder ....

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