Marketing, Bank Statement, Servicing Products; Webinars and Events; Freddie and Fannie in the News

Posted To: Pipeline Press

What? You aren’t offering a 30-year rate below 3% yet? Better catch up, because that is where the mainstream press is telling borrowers rates are. Of course, us capital markets folks hate it when newspapers talk about rates, and LOs don’t like explaining how “trivial” items such as risk and credit score can influence someone’s pricing. Meanwhile, “on the back end,” Congress and regulators are discussing an extension of the foreclose moratorium that expires on June 30. One month? Or past Labor Day? (Time flies… weren’t we supposed to be done with this pandemic “hoax” at Easter?) What is also being discussed are non-bank servicers and their financial health, which by most accounts is better than it was three months ago, so that…(read more)