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 Mortgage News Daily
Mortgage Industry Leads Accountability and Transparency Reform - 7 hours ago
Posted To: Community CommentaryTransparency is the new buzz word in the financial world, especially in the mortgage industry. W hile government officials and financial pundits pay "TRANSPARENCY" plenty of lip service, those of us working on the front lines of origination live with it on a daily basis. I would go as far to say, from a point of sale perspective, MORTGAGE ORIGINATORS HAVE QUICKLY BECOME THE MOST ACCOUNTABLE MEMBERS OF THE FINANCIAL SERVICES INDUSTRY. Imagine the potential protection consumers might benefit from if all commission based financial services professionals were forced to follow in our crystalline footsteps, conducting every aspect of their businesses in the spirit of undisguised disclosure, in an environment of extreme accountability. Perhaps it would seem fit to start with car sales? Suppose...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS AFTERNOON: Grinding to the Right - 7 hours ago
Posted To: MBS CommentaryIts 430 on a Friday afternoon. The market is resting after a week's worth of grinding to the right. (Note sarcasm.) It was exciting when the week began...but it sure did fizzle out into the close. Everything we watch turned a profit this week. We hope you followed the crowd and booked a few extra bps yourself. Gobble Gobble. I can smell the mashed potatoes.... Enjoy the weekend PS. Smash someone up Tucker. go 44...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS LUNCH: Uneventfully Coasting Into The Weekend - 10 hours ago
Posted To: MBS CommentaryWith absolutely no exaggeration, all but one, maybe two of the times I've looked at my screens before writing this week MBS have been between -2 and +2 ticks on the day while changes in tsy's have been more pronounced. Same story today, at least on a price level, as 4.5's are up 2 ticks to 101-23 whereas 10's are down 6 ticks, bringing the yield up to 3.362. Neither of those levels are especially interesting as they both lie above levels that have supported 99% of the trade this week. For MBS, the level is obviously 101-21, which has received more than its fair share of mention this week, and likely needs no further introduction. And though we haven't seen much of it this week, the 3.38 lvl in tsys is equally significant. It just draws more of it's credibility from weeks...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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Increase the amount of LOANS you receive from professional sources such as:
Have the ability to provide very accurate ball park quotes of Monthly Payments and Closing Costs as well as Rates, Points and APR, all of which, are risk adjusted.
Have your site assist you with creating New and Repeat Business.
Have the ability to take MULTIPLE 1003's 24 Hours a day 7 days a week. Then later down the road, your existing clients will have the capability to come back into your site, download their application and update the information and resubmit it, instead of having to fill out an entirely new 1003.
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