Let’s dive into the mailbag. “Rob, the FHFA announced that Fannie and Freddie will remove ‘certain’ homeowners insurance requirements which may reduce costs. But what are your contacts saying about where their industry-facing priorities are?” Both are focused on leveraging technology and reminding lenders of their existing products. For example, Fannie offers a construction to perm program , as does Freddie Mac , and has “ MH Advantage ” for manufactured homes; Freddie has
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“I started hiding from my boss because I heard good employees are hard to find.” It’s not hard to find good conversations among mortgage professionals, and among the hot topics in the hallways of the ICE Experience is the evolution in data contained in each lien, along with massive appraisal change hitting our biz. I was chatting with Class Valuation’s Mark Walser yesterday about UAD 3.6. (If you’d like a primer on it, and you should, see this write up by Mike Simmons .) On
I wonder if billionaires are insulted if someone tells them they look like “a million bucks”? Here in Las Vegas, at the ICE Experience, it’s impossible to tell who’s worth what, but we are reminded that correct data is worth a lot. In fact, data is critical… all important. The amount of data that lenders and vendors now have is incredible, and is being used to make technology and personnel decisions, on and offshore. “You can’t staff your way out of margin compression.” On th
