Browsing Tag:NonQM

jumbo-non-qm-arm-information-charges-and-shares-plummet-in-thinly-traded-market-on-covid-variant-information
Jumbo, Non-QM, ARM Messages; Quotes (and stocks) collapse in the thinly traded market on Covid Variant NewsWith millions of Americans convincing themselves that dishwasher loading and unloading counts as exercise, we are reminded that rates are impossible to predict due to headline risks like the COVID news from South Africa and while private lenders (including Jumbo and Non-QM...
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Jumbo, Non-QM, Credit, Processing Products; Sponsored Events; Conventional Conforming TrendsReady to play Iowa's Thanksgiving dinner bingo? Coffee prices are at a 10-year high, but drinkers will figure out what to do to afford it. All day long people tell me what to do. Travel safe. Be well. Take care. Have a nice day. Fly safe. Have a nice trip. Take...
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VA Cashout, HELOC Servicing, Bilingual Tools; Disaster Updates; Jumbo and Non-QM UpdatesStarting today I’m in Oklahoma City for the OMBA Conference. The median home price here is roughly $150,000 and housing prices are up nearly 7 percent in the last year, ahead of the 5.4 consumer inflation rate. Life is filled with numbers. I wonder what the numbers were...
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Mortgage loan availability rose for the third straight month in September as lenders launched more non-QM jumbo loan products, according to the Mortgage Bankers Association.MBA's Mortgage Credit Availability Index (MCAI) rose 1.5% to 125.6 in September, suggesting lending standards are easing. Joel Kan, AVP of Economic and Industry Forecasting at MBA, noted that loan availability remained below pre-pandemic...
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Management, TPO, MLO Jobs; Non-QM, Jumbo, Rate Sheet, Pooling Products; Events and TrainingThe end of the third quarter is here already. The fate of Fat Bear Week hangs in the balance given the possible government shutdown. (Although the odds of a shutdown are shifting, here is how it would impact lenders & borrowers.) The focus of financial markets has...
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ae-mlo-jobs-jumbo-non-qm-retention-los-merchandise-fhfas-welcomed-coverage-pause-on-restrictions
AE, MLO Jobs; Jumbo, Non-QM, Retention, LOS Products; FHFA's Welcomed Policy Pause on RestrictionsHow ‘bout some random Q&A for Hump Day? Did you know that almost 2,400 of your co-workers are already registered for the National MBA conference next month in San Diego? A company is working to bring back the wooly mammoth? (What could possibly go wrong with...
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Non-QM, AE, MLO, FHA Jobs; eVault, Portfolio Products, Automation, Closing Cost Products; Training and EventsYes, it’s Tuesday already. Good morning to everyone except my wife who, at 2AM, mid-dream, sat bolt upright in bed and terrifyingly shouted into the dark, “Will there be a buffet?” There are plenty of things going on in the real world. Out in San...
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Corresp., MLO Jobs; Flood, Warehouse, Jumbo, Non-QM, VOE Products; FEMA News; Leisure and The EconomyTechnology is nice (the latest bit being UWM’s goal of accepting bitcoin by year end; magnetic strips on credit cards are going away), but our industry continues to seem to struggle to have much-needed diverse speakers at conferences and Zoom calls, and on a bigger...
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enterprise-wished-mlo-jobs-u-w-appraisal-non-qm-jumbo-merchandise-tech-survey-investors-gse-modifications
Business Wanted, MLO Jobs; U/W, Appraisal, Non-QM, Jumbo Products; Tech Survey; Investor's GSE ChangesLenders always have a lot going on. Like “significant competitive pressure and volatility in the capital markets,” as evidenced by Home Point’s $73 million loss for 2Q 2021, announced yesterday. Remaining compliant can be a chore as well. The current STRATMOR blog is, “Ignorance of the...
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corresp-mlo-jobs-jumbo-non-qm-voe-warehouse-merchandise-freddie-and-fannie-adjustments-extra-inflation-numbers
Corresp., MLO Jobs; Jumbo, Non-QM, VOE, Warehouse Products; Freddie and Fannie Changes; More Inflation NumbersDon’t think technology controls you? How about this news that Apple’s weather app will never show a temperature of 69 degrees? Good mortgage loan originators use the technology available to them to best help their customers. Brokers use Mortgage Elements to look for wholesalers offering...
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