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Correspondent, MLO Jobs; Digital, Trailing Doc; FHA's Foreclosure and Eviction Moratorium Extension


Correspondent, MLO Jobs; Digital, Trailing Doc; FHA s Foreclosure and Eviction Moratorium Extension
Dec 22 2020, 8:28AM
I hope that everyone had a happy solstice yesterday, with a few folks writing to suggest that “It is the shortest day, of the longest year, of our lives.” Given my background in capital markets I am regularly asked how some lenders offer lower rates than others. Freddie Mac’s survey has continues to point to mortgage rates dropping, even when “rates” aren’t doing much. The answer is simultaneously simple and complicated (borrowers can pay plenty of points to buy it down, or the lender calculate the value of servicing differently), and one of my commentaries from earlier this year spells it out well. I encourage you to skim through the “How are Mortgages Priced” section, or pass it along to any MLO pointing at some of the headline-grabbing rates in the market (like 1.99 percent for a 30-year fixed!?!). Mortgage p ....

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Ops, MLO Jobs; Broker, Payroll, ECOA Tools; Investors' Agency Changes


Ops, MLO Jobs; Broker, Payroll, ECOA Tools; Investors Agency Changes
Dec 16 2020, 9:12AM
While virtual learning students bemoan the elimination of snow days, the U.S. Census Bureau recently came out with dozens of holiday-related facts and figures from its collection of statistics. For example, the U.S. imported $484.9 million of Christmas tree lights in 2019, with Cambodia leading the way at 47.3% of those total U.S. imports. That was actually less than the $546.8 million imported of tapered candles in 2019. Most of these came from Vietnam, representing more than 46.8% of America’s imported tapered candles. I don’t buy many new things that have instruction manuals. But every time I do, why do I feel a sense of relief when I find out that most of the pages of the instruction manual are due to them being in several other languages? Lumber doesn’t need an instruction manual, but one thing is for sure: wood prices are on fire. (Excuse the pu ....

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