I hope your Thanksgiving Day is full of fun, family, and football. It’s all about tradition. Although there is some disagreement on the holiday, what is meant to represent and how it was first celebrated, it’s still a tradition of people getting together to share some food and good times. What can be better? The History of Thanksgiving Thanksgiving was…
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,…
Now that all the so called experts realize that they called the Presidential election all wrong they are backtracking trying to explain why. The Clinton supporters are all pointing blame at whoever they can think of that may have done something wrong to cause their loss. The Trump supporters claim they knew he would win all along. Right! People at…
While Fannie Mae is talking about relieving lenders from some reps and warranties surrounding appraisals, Freddie is announced that it is doing away with the current traditional appraisal report. This is a bold move that leaves many up in arms. Not surprisingly, the biggest protesters are appraisers. Freddie says they may accept the use of automated valuation reports, supplemented by…
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…
