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Ginnie Mae Rethinking High LTV Loans for Cash-Out Purposes

Ginnie Mae announced it is considering steps to address the high prepayment levels it is seeing in its loan pools. For consideration is the potential for VA cash-out refinances in excess of 90% loan-to-value to be excluded, or restricted, from the multi-issuer pools, given their poor performance history in the securities and the program requirements… Read more...

Are You a Sales Ninja?

In recent conversations with originators, the complaint I hear most often is that they are working harder than ever and seeing less results. They attribute their lower production to an ultra-competitive environment where they conduct pre-approvals only to have the customer go with another lender with better pricing. In many cases, this feedback is coming… Read more...

Three Easy Sources of Business Most Originators Ignore

For some strange reason most mortgage originators believe they need to be marketing to agents for their business or direct to consumers. But this always has been a very costly and frustrating endeavor and in this market it is even worse. WHO CAN ORIGINATORS MARKET TO OTHER THAN CONSUMERS AND REALTORS? Before I even give… Read more...

Habits, Tricks and Traits of High Performing Loan Officers

Maxwell, a digital platform provider in the mortgage space, recently distributed an ebook entitled 14 Habits of High Performing Loan Officers that highlights the habits, tricks and traits loan offers use to increase performance levels. The ebook offers the results of Maxwell’s outreach to top-producing originators across the country to get their feedback on how… Read more...

Optimal Blue Adds Publishing Capabilities To It's Social Media Platform.

To effectively market via social media it is best to have a consistent presence. This consistency builds up your image as an expert and keeps you top of mind when projects are ready to purchase. Now Optimal Blue, a provider of secondary marketing automation and services to the mortgage industry, is making it a bit… Read more...

Six Cities Leading Shift Toward a Buyers’ Market

In the just released First American Real House Price Index (RHPI), real house prices decreased 0.4% between January and February. Year over year real house prices increased 2.9%. The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over… Read more...

MGIC Offers Business Planning Strategies.

In his blog posting on LoanOfficerHub.com, Ben Smidt, digital strategy manager for MGIC, offers business planning insight from several mortgage experts. Each expert offers their own perspective on successful strategies originators in the mortgage industry can use as a foundation for their own business plans. . [caption id="attachment_12084" align="alignleft" width="110"] Ben Smidt, Digital Strategy Manager… Read more...

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