The July 2019 edition of 3Points with UWM President & CEO Mat Ishbia, covers major changes at the VA, significant updates from Fannie Mae and Freddie Mac, and potential FHA enhancements.

Bill Bodnar from the Mortgage Market Guide says that on Wednesday, July 3, we saw a 2019 closing high for mortgage-backed securities.

At the same time, we are witnessing a global compression in bond yields as rates keep coming down around the world. Central banks are all easing. “The central bank punch bowl is back again,” he notes.

By Dave Hershman, Senior Vice President, Sales of Weichert Financial

Part 2 of my response to the question: "I am having a bit of a debate with those who run this firm. I am a high-producing branch manager who would like to limit the number of loan officers I hire to higher-quality and consistent producing loan officers. Others want to hire 'numbers,' no matter how little they produce or how much trouble they cause. It seems to me that five loan officers producing six loans each month is much better than 15 each producing two. And if one of the five is causing an issue with every loan—I would rather go without the production. What is your opinion?" --Branch Manager from Delaware