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Bodnar of MMG: What I Would Be Sharing with Customers

Bodnar of MMG: What I Would Be Sharing with Customers

Sunday, 15 March 2020
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Bill Bodnar of The Mortgage Market Guide provides his insight on what he would be communicating with clients and would-be customers amid massive market turmoil, the coronavirus, and a Fed rate cut. Read more...
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Fed Cut Pushes Interest Rates to Zero

Fed Cut Pushes Interest Rates to Zero

Sunday, 15 March 2020
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In an attempt to stabilize the financial markets, The Federal Reserve cut interest rates to zero and said it would purchase $700 billion in Treasury bonds, mortgage-backed securities and other securities. So reports The Hill. Read more...
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Why Doing 'Whatever it Takes' Isn't Enough to Improve Sales Results

Why Doing 'Whatever it Takes' Isn't Enough to Improve Sales Results

Wednesday, 18 March 2020
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The “do whatever it takes” sales strategy—a common mantra in mortgage banking—is often promoted as the best way to be successful in selling. This is no surprise when originators are on 100% commission and sales results drive their income. Read more...
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Upscale Restaurateur Admits Serving Bad Mortgage Docs

Upscale Restaurateur Admits Serving Bad Mortgage Docs

Thursday, 19 March 2020
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The former owner and operator of a restaurant known for fine French food has pleaded guilty to one count of wire fraud over a multi-year scam affecting the business’ customers, lenders, mortgagee and bankruptcy creditors. So reports the Somers, N.Y. Daily Voice. Read more...
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Real Estate Startup Orchard Adds Home Search Features

Real Estate Startup Orchard Adds Home Search Features

Friday, 20 March 2020
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Orchard, a real estate startup that plans to launch mortgage services soon, is bearing fruit in the form of new functionality for its home search portal. So reports TechCrunch. Read more...
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Figure Technologies, Run by Ex-SoFi CEO, Sees Surge Post-Fed Cut

Figure Technologies, Run by Ex-SoFi CEO, Sees Surge Post-Fed Cut

Tuesday, 17 March 2020
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Blockchain mortgage lender Figure Technologies has announced a 300% surge in loan applications since the Federal Reserve’s recent emergency rate cut, bringing its total in funded loans to more than $1 billion. So reports TheBlockCrypto. Read more...
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Bill Bodnar of MMG: Navigating Muddy Waters

Bill Bodnar of MMG: Navigating Muddy Waters

Saturday, 07 March 2020
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[vc_row][vc_column][vc_column_text]Bill Bodnar of the Mortgage Market Guide discusses the impact of the coronavirus, money feeling into safe havens, an amazing jobs report, The Fed’s unexpected cut and a nearly certain upcoming cut, and, of course, a crazy week of market volatility. With all that going on, he said its important to remind clients that while… Read more...
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Does Your Sales Group Only Encourage 'Unicorn' Feedback?

Does Your Sales Group Only Encourage 'Unicorn' Feedback?

Thursday, 12 March 2020
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In recent conversations with mortgage sales managers, many lamented that senior managers at their companies don’t want to hear the truth about potential issues. According to the sales managers I spoke with, senior executives only want to hear how wonderful everything is and that nothing needs to be improved. Read more...
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Cloud-Based Fintech Thought Machine Raises $83M

Cloud-Based Fintech Thought Machine Raises $83M

Friday, 13 March 2020
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Thought Machine, a startup offering a cloud-based consumer banking platform, has raised $83 million in Series B funding. So reports TechCrunch. Read more...
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Lawyer for Live Well CEO Touts 'David Vs. Goliath' Case

Lawyer for Live Well CEO Touts 'David Vs. Goliath' Case

Wednesday, 11 March 2020
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Ben Dusing, the Kentucky-based attorney for Michael Hild, the former Live Well Financial CEO accused of a $140 million bond fraud scam, is billing the case as “David versus Goliath.” He says of himself: “There are advantages to being an outsider.” So reports WCPO, a local affiliate of ABC. Read more...
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