ORIGINATING
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Ask The Expert: I'm Tired of Getting Beat on Rate. What Can I Do? In my past column, I answered a question I have been getting from many loan officers regarding losing business based on rates. I have more thoughts on the subject. But first, as a reminder, here's the question: "I am so tired of getting beat out on rate. I have been in the business for 20 years and it seems either… -
Reaching Gen Z Homebuyers: The Non-negotiable Skill You Need Originators who want to connect with Gen Z–the next group of prospective homebuyers–will need to cultivate a robust online presence on social media platforms. -
Ask The Expert: Have I Lost My Touch, or Has the World Gone Mad? Several loan officers have written in expressing sentiments similar to this: "I am so tired of getting beat out on rate. I have been in the business for 20 years and it seems either I have lost my touch, or has the world gone mad? Either way, it is totally demotivating."
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Ask The Expert: I'm Tired of Getting Beat on Rate. What Can I Do? In my past column, I answered a question I have been getting from many loan officers regarding losing business based on rates. I have more thoughts on the subject. But first, as a reminder, here's the question: "I am so tired of getting beat out on rate. I have been in the business for 20 years and it seems either I have lost my touch, or has the world gone…
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Reaching Gen Z Homebuyers: The Non-negotiable Skill You Need Originators who want to connect with Gen Z–the next group of prospective homebuyers–will need to cultivate a robust online presence on social media platforms.
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Ask The Expert: Have I Lost My Touch, or Has the World Gone Mad? Several loan officers have written in expressing sentiments similar to this: "I am so tired of getting beat out on rate. I have been in the business for 20 years and it seems either I have lost my touch, or has the world gone mad? Either way, it is totally demotivating."
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Wells Fargo Lays Off Hundreds More Mortgage Pros Wells Fargo has conducted another round of layoffs to its mortgage division, jettisoning hundreds of employees. So reports Bloomberg. -
Mortgage Slump: Chance for Lenders to Catch Up on Tech? Many mortgage lenders already own technology that they aren’t using and they are ready to take control of it now that origination volumes are past their COVID-19-era heights, one pundit has observed. So reports Mortgage Orb.
BREAKING NEWS
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United Wholesale Mortgage Expands Buydown Options United Wholesale Mortgage has expanded buydown options, building on a trend of lenders offering home buyers concessions. So reports RealTrends. -
Reverse Mortgage Funding Files for Bankruptcy Reverse Mortgage Funding has filed for Chapter 11 bankruptcy, joining the ranks of companies felled by rising mortgage rates. So reports Bloomberg.
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Ask The Expert: I'm Tired of Getting Beat on Rate. What Can I Do? In my past column, I answered a question I have been getting from many loan officers regarding losing business based on rates. I have more thoughts on the subject. But first, as a reminder, here's the question: "I am so tired of getting beat out on rate. I have been in the business for 20 years and it seems either…
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Reaching Gen Z Homebuyers: The Non-negotiable Skill You Need Originators who want to connect with Gen Z–the next group of prospective homebuyers–will need to cultivate a robust online presence on social media platforms.
Learning Center
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LENDING
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United Wholesale Mortgage Expands Buydown Options United Wholesale Mortgage has expanded buydown options, building on a trend of lenders offering home buyers concessions. So reports RealTrends.
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Reverse Mortgage Funding Files for Bankruptcy Reverse Mortgage Funding has filed for Chapter 11 bankruptcy, joining the ranks of companies felled by rising mortgage rates. So reports Bloomberg.
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Mortgage Rates Fall for a Third Straight Week U.S. long-term mortgage rates have declined for a third consecutive week as inflation fears eased. So reports the Associated Press.
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United Wholesale Mortgage Expands Buydown Options United Wholesale Mortgage has expanded buydown options, building on a trend of lenders offering home buyers concessions. So reports RealTrends.
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Reverse Mortgage Funding Files for Bankruptcy Reverse Mortgage Funding has filed for Chapter 11 bankruptcy, joining the ranks of companies felled by rising mortgage rates. So reports Bloomberg.
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Mortgage Rates Fall for a Third Straight Week U.S. long-term mortgage rates have declined for a third consecutive week as inflation fears eased. So reports the Associated Press.
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Does $1M Conforming Limit Help or Harm Affordability? The housing industry has been debating whether a recent move by the Federal Housing Finance Agency to raise the top conforming loan limit to more than $1 million will help make homes more affordable for buyers. So reports CNN. -
Bodnar of MMG: Takeaways from the Jobs Report and Fed Chair's Speech The speech from Fed Chair Jerome Powell and the recent Jobs Report are dominating the financial markets.
