Sunday , 17 February 2019

Condo, Sales, and Business Intelligence Products; Freddie and Fannie Program Changes

By Rob Chrisman

Posted To: Pipeline Press

For the first time in history, the six biggest banks — JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley — made $100 billion in profit in a year. Yowzah! There’s a lot going on out there, and Ben Smidt put out his “Mortgage Expert Insights on Business Planning Strategies” that is worth a gander. Every basis point counts, right? With the increase in short-term rates, for non-depository lenders, does your accounting team tell you how much it costs every day to have a funded but unsold on your warehouse? If they haven’t, they should. Conventional Conforming Changes For the most part Freddie and Fannie have motored on, regardless of the PUGS (partial U.S. government shutdown). Let’s see what they’ve been up…(read more)

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