Non-QM and Marketing Products; eSummons Training; Disaster Plans and Reactions

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Posted To: Pipeline Press

We’re always reminded that nature bats last. Every lender that I know of bases their disaster policies directly from FEMA’s declarations or from other companies that base their policies from FEMA. Lenders are reacting – see below. (My cat Myrtle is very concerned that the current forecast has Hurricane Florence targeting landfall at Myrtle Beach.) In North Carolina, there are 9 million pigs being raised on 2,300 Carolina hog farms, and those animals produce 10 billion pounds of wet animal waste a year, which is stored in open lagoons. The North Carolina Pork Council said the lagoons can handle 25 inches of rain without failing. Portions of North Carolina are forecasted to get 40 inches of rain. Events Caliber Home Loans, Inc. is hosting not one, but TWO webinars today on its...(read more)

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

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