Dec. 31: Rates, the Fed, world economies, affordability, and the shutdown – all tied together
How important is it for lock desk personnel to charge the correct fees for rate lock extensions? Very. Lock mistakes were included in Wells Fargo’s […]
Month: December 2018
Dec. 29: FEMA reverses flood ruling; cybersecurity notes; observations on general housing trends
Congrats to anyone involved in lending and real estate: The Federal Emergency Management Agency will issue and renew flood insurance policies, reversing an unexpected and […]
Dec. 28: Doc automation product; FHA & VA changes around our biz; Agency deals continue to share risk
“Rob, should we be staffing up for another refi boom?” It seems like most lenders are pausing during the holidays to take stock of current […]
Dec. 27: Non-QM, marketing products; shutdown update, incl. flood insurance setback; there are over 1,400 vendors?
The US taxpayer has been bearing the credit risk of 90% of all new origination over the past 10 years. What about property/collateral risk? Yesterday […]
Dec. 26: MI jobs, marketing product; another mortgage settlement; shutdown update for lenders; rates are low cuz…
This government shutdown is over 215 miles of fencing along a 2,000-mile border. Rate-wise, there is growing thought that the Fed has overshot rate changes […]
Dec. 24: Rates go up, they go down; a deep dive into what is moving rates and deals being done by the Agencies
I’ve been in capital markets since the mid-1980s. No presidential administration has eliminated business cycles. Although stocks have given up their gains from 2018, rates […]
Dec. 22: Notes/news on the Flood Bill, current (ugh) lending environment, state laws, and LIBOR phase-out
The latest on politics and the Flood Bill? The bill to extend it through May 31, 2019 had passed the House. It had passed the […]
Dec. 21: AE, LO jobs; LO tools, loan defect report out; shutdown’s possible impact on lenders; Verus non-QM deal
Welcome to the Winter Solstice with more daylight in the Northern Hemisphere every day for the next six months. Today is definitely greeted by residents […]
Dec. 20: AE & LO jobs; subservicer, AMC, warehouse predictive products; vendor news; rate hike squeezing lenders and banks
All kinds of things are being found. A woman in Missouri’s “tiny house” was found after being stolen. Then New York Times found more money […]
Dec. 19: LO jobs; vendor search & tech tools; lender M&A continues; global slowdown pushing U.S. rates
There are lots of interesting questions out there. “Why didn’t Tarzan have a beard?” for example. Another is, “Do borrowers know about low down payment […]