Data Intelligence, CTP Products; Compliance Warning About Thanksgiving; Another Fed President to Leave In news underwriters will need to know, banks and satirists across the United States are taking Director Bill Pulte’s and President Donald Trump’s 50-year mortgage suggestion are running with it. They (the underwriters) would now require an applicant’s grandkids to […]
Mission, a group of specialty underwriters and program administrators based in Alpharetta, Georgia, announced it has launched Diamond Head Specialty Underwriting, a program administrator offering executive liability coverage for small businesses. Baloloy The non-admitted product can provide directors and officers’ liability, employment practices liability, fiduciary liability, and fidelity/crime insurance. The executive liability is available in
Mission Launches New D&O and Other Liability Products for Small Businesses Read More »
“Daylight savings time: Is the government cutting off the bottom of a blanket and sewing it to the top and saying, ‘See? Its longer now.’” Here in Austin, TX, Texas Women Mortgage Bankers’ Fall Social and TMBA’s Housing Summit agenda are full of speakers (not from, but…) discussing the U.S. Government’s role in housing and
Non-QM, 2nds, Marketing Products; Deep Dive on “Data-Less” Capital Markets Read More »
Broker, QC Products; Bank M&A; LOs – Know Your Borrower; Figure’s IPO star Mike Cagney Interview My cat Myrtle was always up for a battle with a lizard in the yard. On a larger scale, the ancient Chinese philosopher Sun Tzu said, “Every battle is won or lost before the battle takes place.”
Broker, QC Products; Bank M&A; LOs Read More »
2nd, Database Mining, Manufactured Housing Products; Weak Job Market Impacting Rates? “Rob, we’ve said ‘no’ to more expansion possibilities than ever before. Are you hearing other lenders doing deep dives on LOs and branches and also not seeing a profitable path?” Yes indeedy. Here in Jackson, MS, at the Mississippi Mortgage Banker’s Fall
2nd, Database Mining, Manufactured Housing Products; Weak Job Market Impacting Rates? Read More »
THC products will remain largely legal in Texas, but will be banned for minors and further regulated under a new executive order by Gov. Greg Abbott on Wednesday. Abbott directs the Texas Department of State Health Services and the Alcoholic Beverage Commission to ban the sales of THC products to minors. The health agency, under
Texas to Ban Minors From THC Products Read More »
Non-QM, Post-Closing, QC, Warehouse Products; Pulte vs. Bessent; Conventional Conforming Updates; Nice Jump in Apps “Rob, I hate it when mom and dad fight. Will this Pulte/Bessent, FHFA/Treasury tussle impact mortgage rates?” Probably not; it hasn’t so far. Director Pulte is certainly in the news. Occupancy isn’t a partisan issue, right?! FHFA Director
Gov. Greg Abbott will soon issue an executive order to regulate THC and set a minimum age of 21 to purchase those products in Texas, according to three people who spoke with the governor’s office. The Legislature’s second special session of the year ended last week after Lt. Gov. Dan Patrick announced that the House,
Texas Governor to Issue Order Implementing Age Restrictions on THC Products Read More »
Corresp. and Wholesale, Credit, AI Asst., Warehouse Products; Events and Training “Apparently you can’t use ‘beef stew’ as a password. It’s not stroganoff.” How’s your privacy? Or another question: Why wouldn’t you tell your recent borrower to freeze their credit after the loan was done? TransUnion has filed data breach disclosures. According to
Corresp. and Wholesale, Credit, AI Asst., Warehouse Products; Events and Training Read More »
The number of products recalled across the U.S. in the second quarter fell 31.5% from 125.37 million units in the first quarter to 85.87 million in Q2, a new report shows. This level marked the lowest quarterly total since the second quarter 2022. It is also one of only five quarters in the past five
Recalled Products in US Hit Lowest Quarterly Level in 3 Years Read More »