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Non-QM, Data Source, MI Checklist, Pipeline Valuation Class Tools; Farewell PHH Name

Products, Services, and Software for Brokers and Lenders A restaurant can seem like the picture of efficiency…until the kitchen falls behind. Guests are seated, orders are taken, and everything appears to move seamlessly. But when what happens up front is not fully connected to what is happening behind the scenes, delays build quickly, and the […]

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Bonds Showing Some Optimism About Turning Point in The War

There have been various comments from U.S. officials about ending the war for several weeks (i.e. on March 9th, Trump said the war could be over soon). Yesterday’s developments (Trump comments on the war being “won” and the 30-day ceasefire news from Israel) are being taken more seriously by markets or at least seriously enough

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Juxtaposition of Escalation and De-escalation Keeping Bonds Volatile

Juxtaposition of Escalation and De-escalation Keeping Bonds Volatile Tuesday was notable for financial markets’ attempts to trade the Iran war due to the conspicuous juxtaposition of newswires that spoke to opposing developments. Around 1pm ET, troop deployment news sent yields to the highs of the day. A little over an hour later, the newswires gave

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eNote, AI, Servicing, Data Tools; Trigger Lead Adjustments; FICO Investigation; Home Price Appreciation is Complicated

Sometimes life comes down to a coin toss. Here in Virginia Beach, at the Southern Trust Mortgage Sales Summit, a conversation topic is originators not leaving their business to chance. Pricing practices are rarely left to chance, and Senator Josh Hawley (R-Mo.) sent a letter to the CEO of Fair Isaac Corporation (FICO), to inform

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Victory For Cynics as Ceasefire Rebound is Already Over

Even though there were doubts about their scope and impact, yesterday morning’s headlines introduced the prospect of some sort of ceasefire in the Iran war. Markets traded accordingly, including the “doubts” part (i.e. there was an initial rebound yesterday and an additional rebound this morning). 10yr yields have now fully erased yesterday morning’s gains even

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Mortgage Rates Move Modestly Lower Amid Market Volatility

Mortgage rates are dictated by bonds and bonds had a volatile day. During overnight trading hours, bonds suggested we should brace for the impact of even higher rates. Things changed just after 7am ET following headlines that suggested progress on the Iran war.  Although volatility continued in the ensuing hours, bonds ultimately settled in stronger

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Subservicing, LOS, Verification Tools; STRATMOR on Tech; Builder M&A; Rate Hike Odds

Products, Services, and Software for Brokers and Lenders Less back-and-forth. More first-time-right verifications. Truework replaces manual verification waterfalls with a single automated platform, so underwriters, LOs, and ops can cut down the document chasing, conflicting numbers, and last-minute corrections. Lenders see up to 50 percent cost savings on verifications, with faster turn times, higher accuracy,

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