Encompass
FTC votes to block ICE-Black Knight deal, citing higher prices for home buyers
The Federal Trade Commission sued to block Intercontinental Exchange Inc. proposed acquisition of mortgage software rival Black Knight Inc. Thursday, alleging the tie-up would raise prices for mortgage lenders and home buyers. The FTC said the deal would give ICE and Black Knight a significant position in the market for loan origination software, which lenders … [Read more…]
Colorful Lion Motif Tapestry For Living Room & Dorm Decor Wall Art … – Digital Journal
Colorful Lion Motif Tapestry For Living Room & Dorm Decor Wall Art … Digital Journal
MSR Monitoring, Marketing, Lead Conversion Tools; USMI on the FHA MIP Cut
Remember, not all math puns are terrible…just sum. Analyzing residential servicing is a combination of math and psychology. If you were an institution thinking of buying mortgage servicing rights (MSR), or a lender running the numbers on retaining servicing rather than selling it to an aggregator like AmeriHome or Penny Mac, you donât like hearing the saying, âMarry the house, date the rate.â Youâd prefer that the loan stay âon your booksâ well into the future because you want the monthly cash flow. In 2020 and 2021 origination income was dominant. But in 2022 servicing income won the day for those who owned it. What will happen to servicing in 2023? No one has a crystal ball, but if rates stay in the 5âs or 6âs, loans funded in 2020 and 2021 still stick. Prepayments have plummeted: no one wants to pay off their 2.875 percent loan. Of course, there are numerous parties slicing and dicing the numbers. For example, Black Knightâs MSR Index takes a sample current note rate production portfolio and tracks the MSR performance throughout the month by comparing the current value to the first day of the month value. (Todayâs podcast can be found here and this weekâs is sponsored by Agile, bringing the mortgage capital markets into a new digital era. From lenders to dealers, Agile is the new way to quote MBS. Listen to an interview with entrepreneur and author Alexandra Nolan on launching and growing a successful business.) Lender and Broker Services and Products
Marketing, PPE, Broker to Banker, Customer Experience Tools; CFPB on Credit Payments; Disaster News; Redfin in the Red
Nature is full of trivia. The moon moves about two inches away from the Earth each year. The Earth gets 100 tons heavier every day due to falling space dust. The climate, obviously, is part of nature. Climate, and natural disasters, impact our clients, people, insurance premiums, and the value of servicing in areas prone to hurricanes, flooding, forest fires, and earthquakes. A certain portion of those events (the number is increasing) are determined by FEMA to be natural disasters, and last year 3.4 million adults in the U.S. were at one point or another forced to evacuate their homes due to one, according to the Census Bureau. Approximately 1.4 percent of the American adult population. Thatâs a lot higher than historical averages, up to 800,000 on average for the years between 2008 and 2021. 12 percent were people displaced for over six months and 16 percent were adults who never returned home. The Mortgage Bankers Associationâs (MBA) Research Institute for Housing America (RIHA) has published A Collection of Essays on Climate Risk and the Housing Market. It âwas developed in response to the growing interest from industry participants on how various issues were connected to climate risk. The study features four essays from industry experts that focus on topline issues related to climate risk and its impact on the housing market.â (Todayâs podcast can be found here and this weekâs is sponsored by the STRATMOR Group, the data-driven mortgage advisory. At STRATMOR, insights and knowledge are applied to guide mortgage clients to make sound strategic decisions and take actions that improve their success. Todays has an interview with Partner Garth Graham on tech trends and adoption of tech solutions.)
Ginnie Delivery, Fee Collection, Processing, Insurance, Warehouse Mgt. Tools; Celebrity Home Loans’ Goodbye Letter – Mortgage News Daily
Ginnie Delivery, Fee Collection, Processing, Insurance, Warehouse Mgt. Tools; Celebrity Home Loans’ Goodbye Letter Mortgage News Daily
Black Knight to sell Empower loan origination software business?
Black Knight has decided to sell Empower in a bid to save the $13 billion deal with ICE, according to Reuters.
Sequence of Returns Risk and How to Protect Your Retirement From It
How the market is doing when you pull money from a retirement fund can have a big impact on how long your cash will last.
What Percentage of Your Income Should Your Mortgage Be?
What percentage of your income can you afford for mortgage payments? Do you use gross monthly income or take-home pay? Learn how much house you can afford with simple rules based on your monthly income.Limit mortgage payments to less than 28% of your pretax income. Total debt payments, mortgage included, should be less than 40%.
The post What Percentage of Your Income Should Your Mortgage Be? appeared first on Money Under 30.
What Is Verification of Employment for a Mortgage? Proving Your Job History
When you apply for a mortgage, underwriters will comb through your finances to determine if youâre a good candidate for a loan. This includes verifying a lot of personal information, including your income, assets, credit history, and employment. Without these important details, it would be impossible for the lender to assess your default risk, or… Read More »What Is Verification of Employment for a Mortgage? Proving Your Job History
The post What Is Verification of Employment for a Mortgage? Proving Your Job History appeared first on The Truth About Mortgage.