Broker, Referral, DPA, and SRP Products; May Training and Events; New Lender and MI Products

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Posted To: Pipeline Press

VA mortgage lenders hit with federal subpoenas ? Apparently. Secondary markets (the demand for loans and what investors are willing to pay for them) drive the primary markets: Anything that impacts demand and pricing influence rate sheets. LOs don’t have to be experts in this, but financial institutions are following CECL : the Current Expected Credit Loss standard. At least ask your vendors what they’re doing about it. What about the supply and demand dynamics that continue to buffet the real estate agent model? A class action lawsuit was filed with the U.S. District Court in the Northern District of Illinois alleges that cooperation and compensation is an anti-trust violation that results in consumer harm and seeks an injunction against forcing home sellers to pay the commissions...(read more)

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Source: http://www.mortgagen...

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