Here’s a true story about the power of Relationship Engagement: On a Mortgage Company’s Production Cruise in 2003 a winner slipped near the pool and landed on the back of his head. They should try the vaccine on politicians first because if we lose a few of them, it really won’t matter at all.” That is an interesting take. Now, before you need it, is exactly the right time to learn more about Plaza’s Certified Loan Program’s Certified Loan Program. Fannie Mae updated the Servicing Guide to incorporate LL-2020-13, which extended automatic reclassification triggers from four to 24 months for most delinquent MBS mortgage loans and eliminated the requirement for reporting a delinquency status code for a disaster payment deferral if the mortgage loan is brought current. Rob Chrisman began his career in mortgage banking - primarily capital markets - in 1985 with First California Mortgage, assisting in Secondary Marketing until 1988, when he joined Tuttle & Co., a leading mortgage pipeline risk management firm. FOSTER competitive, liquid, efficient, and resilient (CLEAR) national housing finance markets that support sustainable homeownership and affordable rental housing; OPERATE in a safe and sound manner appropriate for entities in conservatorship; and PREPARE for eventual exits from the conservatorships. If so, do you know how well those new hires performed compared to your veterans? ... Christina Hughes Babb is a reporter for DS News … I received many nice comments about the section in yesterday’s... No Easy Answers Today; Still Anyone's Game Bonds were weaker earlier in the trading session but rallied back mid-morning before coasting mostly sideways... Builders appear to be prepping for a huge spring . If you’re an LO, how’d you like to deal with borrowers for 189 years, or eat the same thing... We talked about momentum indicators being 'oversold' yesterday--a possible prelude to a friendly bounce in bonds. Welcome to 124-year-old Girl Scout Cookie Season ! The volume of mortgage applications declined again last week, the fourth loss out of the six full weeks since the year began . regarding Mississippi Hurricane Zeta, and. Permitting Soars as Builders Prep for Spring. It’s easy to see why Intelliloan took top billing. But not for Plaza Home Mortgage Correspondents. You can benefit from residential lines ranging from $20MM to $175MM and diverse product offerings that include Agency, Government, Non-Agency and Axos Portfolio loans with bulk funding options available. posted FEMA’s Disaster Area update for Counties in Mississippi designated disaster areas: George, Greene, Hancock, Harrison, Jackson, and Stone. Jim VanSteenhouse, current InterLinc CEO and company founder, will now assume the role of Chairman of the Board. Due to the disaster in Mississippi and Alabama caused by Hurricane Zeta, will now require satisfactory re-inspections. In her new role as SVP/Division Manager Eastern Retail, Liz will be focused solely on helping Sierra grow its Retail footprint from the Midwest to the East Coast. . The statement provides guidelines institutions can use to help implement those principles and develop compliance solutions, including specific information about common … FHFA will continue to monitor the effect of coronavirus on the mortgage industry and update its policies as needed. Veteran staffers are overworked and overwhelmed. The Consumer Financial Protection Bureau (CFPB) has issued new guidance to help financial institutions increase access to fair and nondiscriminatory credit for people with limited English proficiency (LEP). Policies on remote online notarizations for the purpose of servicing or modifying a mortgage loan have also been updated. Partners are reminded to review its Seller Guide under HELP section in. Buyer Demand Shores Up Builder Confidence. “[We have] excellent training opportunities, great benefits, and work-life balance,” says Claudia Nelson, the COO of Intelliloan. Looking For Silver Linings Despite Falling Sky After a huge day of snowball selling yesterday, bonds started out in weaker territory today. Follow-up on leads? You can see where this is headed: errors, buyback demands and scary trips to the scratch & dent market. Due to the disaster in Mississippi and Alabama caused by Hurricane Zeta, Flagstar Bank will now require satisfactory re-inspections. for the effective date to determine if a re-inspection is required. Monday's $60 billion 2-year Treasury note auction was met with solid demand, and by the close, Treasuries had rallied in curve-flattening fashion and the MBS basis ended the day wider. See. There was a 15,000 loan or 0.06 percent increase in the overall number of forbearances last week. Here’s a true story about the. Sign up for a demo today and see how much time wemlo can save you on your next loan.”. I find the term stealth tax hike” interesting, especially in the coming years, because many of us are predestined to pay more in taxes by legislation already in place. Veteran staffers are overworked and overwhelmed. Wondering how to spend your hard-earned cash from 2020? CLARIFIRE is changing the narrative for navigating delinquency in the ongoing pandemic. But there are things you should be aware of. In addition to recommending LCG’s complimentary Business Continuity Plan Checklist (Includes COVID-19 Pandemic Response) and inexpensive Business Continuity Plan – Disaster Recovery & Business Continuity Plan (Includes Pandemic Response), he suggested keeping online information current, following basic hygienic guidelines and social distancing, and being aware of changes in federal and state responses to the coronavirus. , Audits and Test Schedules, Roles and Responsibilities Executive Management Matrix, Crisis Response Team Table, Pandemic Response Team Table, and Employee Acknowledgement. Lenders Compliance Group’s Business Continuity Plan includes: Plan Structure, Crisis Management Process, Pandemic and Epidemic Response, Departmental Response Plan, Business Impact Outline, Backup Strategy, Recovery Strategy, Technical Environment, Disaster Recovery Organization. They offer an impressive list of perks and benefits, plus a work culture that their employees seem to love. Access Sun West Seller Guide under HELP section in. Foreclosure and REO-related eviction bans run until March 31. ​We are responsible for carrying out our work with transparency and professional excellence. MBS RECAP: Surprisingly Swift Selling in The Bond Market;... Prevention Measures and Increased Borrower Equity Lower... MBS Day Ahead: Bond Bears Refusing To Hibernate; How... Refi Share of Closed Loans Rose 7 bp in January. Our loan processing offers unparalleled service, security, and efficiency for your business. Implement critical reforms that will produce a stronger and more resilient housing finance system. It looks like your browser does not have JavaScript enabled. WASHINGTON – The U.S. Department of the Treasury (Treasury) and the Federal Housing Finance Agency (FHFA) today announced an agreement to amend the Preferred Stock Purchase Agreements (PSPAs) between Treasury and each of Fannie Mae and Freddie Mac (the GSEs) to move the GSEs toward capitalization levels consistent with their size, risk, and importance to the U.S. economy, and to … The partnership and integration will provide Community Banks and Credit Unions an all-in-one platform to manage loan pricing, hedging and loans sales. Refer to Sun West Forward Mortgage Seller Guide (Section 404.07) and Sun West Reverse Mortgage Seller Guide (Section 3.23) for more details. Later this morning brings Redbook same store sales for the week ending January 23, January’s FHFA Housing Price Index, Richmond Fed manufacturing and services for January, Dallas Fed Texas services for January and January Consumer Confidence. After a light economic calendar yesterday, things pick back up today. The FHFA, by way of press release, says the changes are to ensure continued support for borrowers during the COVID-19 national emergency. Lenders Compliance Group encourages you to conduct a collaborative review of your Business Continuity Plan with a subject matter expert to ensure compatibility with your business model. (Subscription needed. I was wondering if you could do graph 5 without the horizontal... Sierra Pacific Mortgage’s recruiting website, join the Motto Mortgage network of mortgage professionals. They continued to get great service from his assistant and targeted, personalized marketing from Usherpa. When it comes to many parts of the financial market, and especially bonds... Time flies. This is the type of data you should be looking at to understand how your sales staff will progress in 2021. The first third-party mortgage processing network to include an all-in-one digital platform, wemlo has a sleek, easy-to-use dashboard. First Community Mortgage posted Disaster Announcement DA-20-8, Louisiana Hurricane Delta Update, DA-20-10 regarding Mississippi Hurricane Zeta, and Disaster Announcement DA-21-01 regarding Hurricane Zeta in Louisiana. Many companies are interested in what the post-pandemic work environment will look like. Design firm Gensler has some thoughts. Existing Home Sales Rise, But Inventories Hamper Results. CLARIFIRE is changing the narrative for navigating delinquency in the ongoing pandemic. The capital requirements set by the FHFA, can be obtained by retained earnings, SO WHAT IF IT TAKES TEN YEARS! If so, do you know how well those new hires performed compared to your veterans? The week began with investors reacting to headlines of small anti-lockdown protests around the world, some volatile earnings reports from the stock market, and Democratic hopes of passing the next fiscal stimulus bill by the middle of March. WASHINGTON, D.C. – The Federal Housing Finance Agency (FHFA) announced that mortgages held … with a subject matter expert to ensure compatibility with your business model. In addition to day one of FOMC events, we have some housing data via the latest S&P Case-Shiller Home Price Index with its two-month look back, and results of a $61 billion 5-year Treasury note auction. This. for its Disaster Area Policy. Access Sun West Seller Guide under HELP section in sunsoft. Make sure you have the analysis of your sales team you need: participate in the STRATMOR Originator Census® Study. (Subscription needed. The current moratoriums were set to expire on August 31, 2020. Hint: tech companies are saying, “What offices? Automated Mortgage and Real Estate Newsletters, MND Live! And FEMA’s declarations trigger investor policies around the nation. We are committed to the highest ethical and professional standards to inspire trust and confidence in our work. Recall that Jonathan Foxx of Lenders Compliance group opined on internet resources for employees to handle disaster recovery, business continuity, pandemic issues, and COVID-19 challenges. Sun West Partners are reminded to review its Seller Guide under HELP section in sunsoft for its Disaster Area Policy. As the MBA points out, “FHFA is one of several financial regulators, at both the federal and state levels, that is increasing its focus on risk management associated with climate change and natural disasters.”, Lenders Compliance Group encourages you to conduct a collaborative review of your Business Continuity Plan. And there’s all the new hires, not all of whom are quite ready for prime time. FHFA experts provide reliable data, including all states, about activity in the U.S. mortgage market through its House Price Index, Refinance Report, Foreclosure Prevention Report, and Performance Report.​, FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Turns out he wasn’t fine. Future-proof your organization and boldly navigate delinquency in 2021. Check out the new section they just added: Pandemic Response and Preparing for the Second Wave, Recall that Jonathan Foxx of Lenders Compliance group opined on, internet resources for employees to handle disaster recovery, business continuity, pandemic issues, and COVID-19 challenges. Prevention Measures and Increased Borrower Equity Lower Foreclosure... MBS Day Ahead: Bond Bears Refusing To Hibernate; How Bad Could... Forbearances Post Unsuprising Mid-Month Increase. Additional information is available at, We value varied perspectives and thoughts and treat others with impartiality.​​​. According to STRATMOR’s Originator Census® Study, the 2019 new hire rate for originators was 26 percent. Please turn on JavaScript and try again. Existing home sales started the 2021 with a small increase from the December sale levels, the second consecutive monthly gain. Could Home Prices Cool This Spring? Lenders Compliance Group’s Business Continuity Plan includes: Plan Structure, Crisis Management Process, Pandemic and Epidemic Response, Departmental Response Plan, Business Impact Outline, Backup Strategy, Recovery Strategy, Technical Environment, Disaster Recovery Organization, Disaster Recovery Process, Audits and Test Schedules, Roles and Responsibilities Executive Management Matrix, Crisis Response Team Table, Pandemic Response Team Table, and Employee Acknowledgement. Release the companies with a consent decree ( line of credit ), let the JPS Holders wait! Ever notice how a simple marshmallow makes a cup of hot cocoa so much better? We are wemlo and our goal is to create the best, most efficient loan processing experience for mortgage brokers. And there’s all the new hires, not all of whom are quite ready for prime time. : On a Mortgage Company’s Production Cruise in 2003 a winner slipped near the pool and landed on the back of his head. FHFA issued a request for input on risks posed by climate change and natural disasters to Fannie Mae, Freddie Mac, the Federal Home Loan Banks, and the broader housing finance system. He had great relationships, a great assistant. To deploy those funds as wisely as possible, it’s crucial to understand market trends, how changing politics will affect the industry, and business areas that will give you a competitive edge. The Mortgage Bankers Association... Recovery prospects, renewed focus on stimulus, inflation concerns, a brighter covid outlook, etc... All of these are reasons for an ongoing, gradual trend... Panic In The Bond Market It's no mystery that longer-term Treasury yields have been trending higher since August (it's all we can talk about at... All Content Copyright © 2003 - 2021 Brown House Media, Inc. All Rights Reserved. The pandemic is a disaster. updated the Servicing Guide to incorporate. Susan Roy will become the EVP – National Operations and oversee both Liz Collins and Jennifer Folk who will assume SVP positions. According to the Loan Officer, “Without Usherpa, I’d be out of business.” For more tips on creating customers for life and exploding your business, download this free eGuide 3 Habits of Top Producing Loan Officers (You Can Duplicate). Cozy up to a delicious pairing of your industry knowledge and our industry support when you join the Motto Mortgage network of mortgage professionals. The Federal Housing Finance Agency (FHFA) today released the 2021 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions. According to MBA’s estimate, 2.7 million homeowners are in forbearance plans. FHFA is soliciting public feedback in several areas, including identification and assessment of climate and natural disaster risks and potential enhancements to FHFA supervision and regulation as it relates to these risks. At-risk homeowners can now postpone mortgage payments (via forbearance) for 15 months. Sales and closing are the priorities (loss mit and QC, less so.) Congratulation's ladies! President Biden extended FHA & VA mortgage relief and the ban on home foreclosures through June . Make sure you have the analysis of your sales team you need: participate in the. This leadership realignment will allow Sierra to take both their Retail and Wholesale service levels to new heights. How? How about bond market bears? As the MBA points out, “FHFA is one of several financial regulators, at both the federal and state levels, that is increasing its focus on risk management associated with climate change and natural disasters.”. Pipeline Press is an informational forum focused on the interpretation and discussion of industry specific news, intelligence, investor bulletins, lender releases, developments, events and even rumor. Plaza’s Certified Loan Program can protect correspondents against big losses due to underwriting errors, loan defects and borrower fraud, with no upfront cost. Given recent temperature trends, we're well within our right to expect actual bears to be in hibernation. Mid America Mortgage, Inc. has hired Katherine Carlsen has joined the company as underwriting manager to “utilize her more than 30 years of mortgage industry experience to lead underwriting for Mid America.”, Receive an Email Alert each time a story is posted to, MLO Jobs; Sales, Pricing, Processing, Correspondent, Products; LO Productivity Study; FHFA Disaster News. Sales and closing are the priorities (loss mit and QC, less so.) What about compared to your peers? The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. Refer to Sun West Forward Mortgage Seller Guide (Section 404.07) and Sun West Reverse Mortgage Seller Guide (Section 3.23) for more details. ​​Washington, D.C. – Today, to help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least December 31, 2020. The President ’ s disaster Announcement Update for Louisiana to pandemic delinquency preparedness here ’ s all the new by! ; what 's next ongoing high delinquencies amidst concluding forbearance plans disaster in Mississippi fhfa news release Alabama caused Hurricane. Business, it seems you can see where this is headed: errors, buyback demands and scary to... Been updated business. ” the December sale levels, the 2019 new hire rate for originators was 26 percent cash! 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