Prosperity strikes deal to acquire JFQ Lending
Virginia-based mortgage bank Prosperity Home Mortgage, LLC has acquired the assets of Arizona-based JFQ Lending, LLC to explore the direct-to-consumer channel.
Virginia-based mortgage bank Prosperity Home Mortgage, LLC has acquired the assets of Arizona-based JFQ Lending, LLC to explore the direct-to-consumer channel.
It’s way too soon to abandon hopes for a strong bond-market rebound in 2023. But even if plowing back into Treasuries proves to be a winning trade, sticking with it won’t be for the faint of heart. A surge in job growth, rising consumer spending and faster-than-expected inflation have sent bond prices sliding again by … [Read more…]
Columnist Frank Shyong first visited Focus Plaza as a seventh-grader with his family. He sees the mall’s renovation as a symbol of Southern California’s changing Chinese population.
You can’t always be ready for everything in a job interview, but here’s how to be well prepared to handle the toughest questions.
Here in Las Vegas (Why did the Dalai Lama go to Las Vegas? Because he loves Tibet) the population is about 650,000 with all manners of housing, subdivisions, and lifestyles. But around the nation and world, there are numerous ways and places to live. Hereâs a story about a former NFL star who says he saved money by living inside Cincinnati Bengals stadium. What do Stowe, Vermont, Whitefish, Montana, and Lake Placid, New York have in common? The three U.S. towns made Travel & Leisureâs 25 Most Beautiful Small Towns. If you only want a house for part of the year, with elevated mortgage rates and home prices having risen considerably, the solution might be buying 1/6 of a house. Or sharing equity, which is what some of your borrowers and homeowner clients consider. âAn Unlock HEA gives you cash in exchange for a portion of your homeâs future value.â Or one can live underwater. (Todayâs podcast can be found here and this weekâs is sponsored by Built Technologies. Construction and real estate solutions for better financial management. Improve business performance with faster, smarter tools, for all stages of the property lifecycle. Todayâs has an interview with Sasha Ramani, CEO of MPOWER Financing on companies beginning to ditch credit scores when loaning money. Broker and Lender Products and Services The Konami Code is one of the most well-known cheat codes in video game history. Unfortunately, lenders canât just press a sequence of buttons to make productivity struggles disappear. But that doesnât mean there isnât a solution thatâs nearly as simple and effective! SimpleNexus, an nCino company, is helping lenders hack the mortgage experience with its single-sign-on mobile homebuying application that connects lenders, real estate agents, and homebuyers from pre-application to close. If youâre attending ICE Experience 2023 this week, SimpleNexus invites you to âLevel Upâ at booth #125. Come for the free t-shirts and stay for the retro video games and illuminating discussions about the latest advancements in digital home lending. Want to put your name on the mortgage industryâs leaderboard? Earn a top score with SimpleNexus.
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
If you are starting the job hunt and want to spin your housing industry experiences into your next ideal role, try these tactics for marketing yourself as the ideal candidate.Â
Online businesses rock. Why? I’ll tell you why . . . . You can run your online business from anywhere, and you actually don’t need a lot of money to start. There aren’t too many businesses that can boast those advantages! But still, you’re going to need quite a bit of time and a little […]
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The middle class is really almost no different than the low income because they don’t own anything. Are you living a low income life because of your debt burden?
The post Is The Middle Class In The Same Financial Class As Low Income Earners? appeared first on Bible Money Matters and was written by Melissa. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
After reading the title of this, I know what you’re thinking – but, it’s August! But, now is a great time to start preparing for the holidays, instead of waiting until November and December. The fall and winter holidays can be so expensive. Between Thanksgiving, Christmas, and the many other holidays, the average person tends […]
The post 11 Real Ways To Make Money Before The Holidays appeared first on Making Sense Of Cents.