Category Archives For: Industry News

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Broker to Banker Lender Transition

Happy 4th of July and the FGMC Fallout continues…..

4th of July – Independence Day First off, I just wanted to wish everyone a safe and happy 4th of July weekend! I am sure we are all just as happy that it happens to fall on a Monday this
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Home Prices Still More Affordable Despite Increasing 27%!

Many home shoppers are shocked by increased home prices, but the prices may be slightly lower as a percentage compared to the 2006 peak. Mark Fleming, the chief economist at First American, stated that the January 2022 First American Real
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loan repurchase request

GSE Loan Repurchases are on the Rise!

As recently published by Inside Mortgage Finance, GSE loan repurchases are on the rise! “Fannie Mae and Freddie Mac reported $2.97 billion of seller repurchases in 2021, the largest annual volume in years……“ According to recent data released by Fannie
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Housing indicators are disturbing, but it may not be a 2008 repeat – Federal Reserve Bank of Dallas

As recently reported by Fortune.com, Potential home buyers that have waited until 2022 for a possible dip in the markets may be disappointed. Last week we learned that home prices hit 19.2% in January for the year-on-year growth. This puts
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NMLS Mortgage Continuing Education Fraud Settlement

Update – NMLS Mortgage Continuing Education Fraud Settlement I previously posted about an NMLS Continuing Education Cheating Scheme Investigation. This involved a multi-state fraud scheme where a mortgage education course provider gave false continuing education certificates to mortgage loan originators
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Towne Mortgage Updated their second home and high balance LLPAs

Industry News and Notes – Mortgage Lender LLPA and SRP Updates

The Money Source In an email sent out on January 27, 2022, The Money Source (“TMS”) announced an improvement of Gov LLPAs and Update of SRP Values effective for locks taken on or after Monday, January 31, 2022 whereby TMS
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