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Accounting, Ops, MLO Jobs; AMC, Lead, Warehouse Products; Financial Transparency; Employment Figures Sink Rates


Accounting, Ops, MLO Jobs; AMC, Lead, Warehouse Products; Financial Transparency; Employment Figures Sink Rates
May 7 2021, 8:23AM
It’s Friday, so how ‘bout some non-mortgage supply and demand stuff? Let me start with an apology to Willie Mays’ family (who may or may not read this daily mortgage commentary) for missing his 90th birthday yesterday. (Years ago he was known for welcoming all ‘trick or treat’ kids, from anywhere, at Halloween, so we went. Yep, there he was!) There is only one Willie Mays. On the other hand, last year there were too many strawberries and Driscoll’s, which grows fresh berries, had to send $20 million worth of unwanted fresh berries to be frozen or juiced at a large loss. So it cut production on strawberries (which take a year of planning) by 5 percent, a bad call given that two months later berry sales exploded 8 percent by volume compared to the previous year and wholesale prices have hit $18 for an 8 pou ....

United States , Salt Lake , Freddie Mac , Chris Roth , Brian Bennett , Ken Hickman , Joaquin Tremols , Tim Bartosh , Willie May , Andrew Weiss , Richmond Barkin , Willie Mays , Carolyn Garris , Ron Carlson , Jeanne Hussin , Nicole Mattiello , Fannie Mae , Elizabeth Roush , Brian Johnston , Anjelica Nixt , Jeff Walton , Lucy Kereta , Aaron King , Danny Deaton , Michael Fratantoni , Luke Babich ,

Ops, MLO Jobs; Sales, Non-QM, HELOC Products; Agency and Investor Disaster Policies; the Fed and Rates


Ops, MLO Jobs; Sales, Non-QM, HELOC Products; Agency and Investor Disaster Policies; the Fed and Rates
Mar 1 2021, 8:21AM
With the jump up in mortgage rates Thursday, and the move back down Friday, a few lock desk personnel wrote to me over the weekend asking about ways of keeping LOs who floated when rates were low, or locked loans at the bottom, off their back. Here you go. Certainly, the mortgage servicing rights of the 2020 book have become more valuable to those holding it as the perceived duration has increased: At this point who is going to refinance a 2.75 30-year mortgage (unless they need cash out)? Last year saw a continued wave of people in their 20s and 30s buying, or trying to buy homes. As this article points out (an important read for any MLO interested in first time home buyers), it is not an easy process saving up the down payment, qualifying for a loan, finding a property, presenting a winning bid, and then financing it. (To l ....

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