Here is some good news about the new administration. The word on the street is that the Department of Justice is in the process of dismantling their multi-agency task force put in place to seek out potential legal actions against lenders under the False Claims Act. The reason being is that President-elect Trump will be nowhere near as aggressive in…
Hope you read my blog on Wednesday. I provided some background on Black Friday. The day that now traditionally marks the official beginning of the holiday shopping season; when sales skyrocket and retailers go from red to black. Deck the halls and all that stuff. Well, it looks as though shopping for a new home is also on the rise…
Looking back, non-bank mortgage lenders increased hiring in September, adding 2200 full-time employees to their payrolls. That’s a big jump from the 900 additions in August. These new employees were all part of an overall rise in September employment to 315,000 new jobs, the highest increase since 2008. Looks as though things may be looking up after all. Strange though…
According to all the so-called experts and conventional wisdom, interest rates are on the rise because Donald Trump’s was elected to be the next President of the United States. We’re already seeing a sharp decline in refinancing activity and a drop in home sales. This is all because rates jumped up about 20 basis points in the last week. OMG,…
Today, to reach and service more potential homebuyers, lenders need to embrace technology with the use of an online application process. Millennials expect it, and others are starting to get used to it. However, with refinancing opportunities dwindling lenders need to once again concentrate their production attention on the purchase business. According to a recent Freddie survey, that business still…
Hiring among non-bank mortgage lenders increased in September, adding 2200 full-time employees to their payrolls. That’s a big jump from the 900 hires they added in August. The additions were part of a rise in September employment to 315,000 new jobs, the highest increase since 2008. Maybe things are looking up. This hiring increase by non-bank mortgage lenders comes at…
