LO, AE Jobs; Broker and Warehouse Products; Conventional Conforming News

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Posted To: Pipeline Press

What’s going on behind the scenes and in the rumor mill at the MBA’s Secondary Conference? There is derision about HUD’s Ben Carson not knowing what There is derision about HUD’s Ben Carson not knowing what “ REO ” stands for. Holders of mortgage assets like banks and credit unions are very concerned with CECL , and their actions and pricing moves will transfer to non-bank lenders – most of whom have never heard of these accounting changes coming at us. CoreLogic and the Department of Justice sparring . In the MI biz, lots of talk about how the volume & market share of only two - Genworth and Essent - “coincidentally” rose at the same time as the three major wholesalers were ramping up their volume and market share. How, with the big...(read more)

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