Hedging, Fee Collection, VOIE, Valuation, Analytics Tools; Webinars and Training Through Next Week

The next time you complain about your job, just be thankful you’re not working at Cinnabon. (Excuse the language.) Did you know that tomorrow is “Take your underwriter to work day”? Okay, I just made that up. If life could be so simple and everything would go smoothly. Instead, we were once again provided with fodder (in the form of March consumer price levels) that inflation is still a problem and that rates will probably be at these levels into the summer. And the Fed will stand pat. (STRATMOR’s current blog is titled, “Relying on the Fed: How Did This Happen?”) But rates are only part of the problem facing lenders and their vendor partners. Even if mortgage rates were to fall, the Dallas Fed tells us that affordability may not improve! The research and chart (that goes back 50 years) show that when rates go up, the price of a home relative to income falls. Conversely when rates fall, home prices rise. Is it Happy Hour? (Found here after 8:30AM ET, this week’s podcasts are sponsored by PHH Mortgage. From subservicing to correspondent lending, MSR/co-issue transactions, portfolio retention, reverse mortgages, and commercial servicing, PHH has solutions for the entire mortgage lifecycle. Hear an interview with PHH Mortgage’s Chris Sabbe on “Subservicing 2.0,” beyond the status quo.) Lender and Broker Products, Software, and Services Origination data through March month-end is here! Grab your copy of the Originations Market Monitor today! Each month, Optimal Blue publishes this free report providing a comprehensive and timely look into origination data for the U.S. and the top 20 metropolitan statistical areas by share of total volume. The latest report, which looks at data through March month-end, highlights an increase in average loan amounts, an uptick in home purchase prices, and the highest average borrower credit score since tracking began in 2018. March data also shows a notable increase in rate lock volume. All this information and much more is included in this month’s report. Access the latest Originations Market Monitor and subscribe to receive the report each month.
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