mortgage lending

Hey everyone, it's Larry Bailey. This is for the Week of February 26, 2024, in Review:

The Fed’s favored inflation measure showed that annual inflation continues to progress lower, albeit slowly. And while the weather and mortgage rates impacted signed contracts for homes in January, key home price indexes revealed that 2023 was another strong year for appreciation. Here are the headlines:

• Fed’s Favored Inflation Measure in Line with Forecasts
• New Home Sales Jump in January
• Pending Home Sales Pull Back
• Home Values Continue to Move Higher
• Unemployment Claims Rise During Latest Week

00:00 Introduction
01:53 Feds Favorite Inflation Measure
07:12 Pending Home Sales
09:37 Home Values
12:01 Unemployment Claims

To subscribe to the MBS Highway, please go to www.MBShighway.com - © 2012-2024 MBS Highway. All rights reserved.

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

Today was a first. We had our live call from the halls of the Lenders One L1 Summit in Los Angeles, CA. We talked about current events and information learned at the Summit. We also talked about how paying for overlapping technology is not uncommon but should be most unwelcome. Find out what the economists had to say about rate cuts from the Fed and if you are truly ready for the Encompass®️ 24.1 update that is happening soon.

👉 Click here to watch the full replay: Mortgage.Community

❗ Join us each Tuesday at 4:00 PM ET to collaborate as a community

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

Hey everyone, it's Larry Bailey. This is for the Week of February 19, 2024, in Review:

Closings on existing homes picked up last month, while recent commentary shows that Fed members remain cautious about cutting rates too soon. Read on for these stories and more:

• Existing Home Sales Rebound in January
• Fed in No Hurry to Cut Rates
• Tame Initial Jobless Claims During Key Data Week
• Recession Forecast Softened

To subscribe to the MBS Highway, please go to www.MBShighway.com - © 2012-2024 MBS Highway. All rights reserved.

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

We all have pipeline views and dashboards in our Encompass® environment, but how are you leveraging and managing your Persona-based views versus Personal-based? Listen to the replay to discover insights and helpful suggestions that you can use in your Encompass® today. Find out how others are leveraging their single dashboard versus multiple pipeline views also.
⭐Want to be trained how to make the most out of your settings and the Best Practices of using Encompass? Join our Admins & Users Mastering Encompass® courses - affordably priced to train your entire company including all admins and users: https://mortgage.community/landing/plans/379743

❗ Join us each Tuesday at 4:00 PM ET to collaborate as a community

👉 Click here to watch the full replay: Mortgage.Community

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

In this episode of The Consumer Finance Podcast, host Chris Willis and guest Lori Sommerfield discuss the status of the Department of Justice's (DOJ) Combatting Redlining Initiative. The initiative, which has been underway for over two years, involves all federal financial institution regulators, including the OCC, FDIC, Federal Reserve Board, CFPB and HUD, and has resulted in a significant number of redlining cases brought by the DOJ. The total monetary relief in connection with these settlements has reached $107 million, with the largest single redlining settlement at $31 million. The DOJ has brought 10 redlining enforcement actions, either on its own or in conjunction with other federal agencies, and there are currently about two dozen investigations pending.

Lori and Chris discuss common trends in redlining enforcement actions, including lenders' awareness of redlining risks without corrective action and evidence of discrimination in employee emails. They also discuss the guidance provided by Assistant Attorney General Kristen Clarke to mortgage lenders on how to avoid and address redlining risk. Looking ahead, Lori predicts that the DOJ and other federal agencies will continue to pursue the Combatting Redlining Initiative aggressively, with several more redlining enforcement actions expected in 2024.

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

Check out how to avoid "Multiple Persona Syndrome" in your Encompass®. Also, find out how your Personas and Roles affect you so much. We also cover using the Settings Reports to uncover ways to consolidate your redundant Personas, which is another way for you to ensure your Business Rules and other settings behave as expected. Configuring your Role Access to Document rule along with managing your Protected Doc Access workflow are also covered in our meeting.

❗ Join us each Tuesday at 4:00 PM ET to collaborate as a community

👉 Click here to watch the full replay: Mortgage.Community

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

Hey everyone, it's Larry Bailey. This is for the Week of February 12, 2024, in Review:

Wholesale and consumer inflation were both hotter than expected in January. There was also a pullback in new home construction, though home builders are feeling confident about the year ahead. Here are last week’s headlines:

• Consumer Inflation Above Forecasts
• Hot Wholesale Inflation a Surprise
• Home Builder Confidence at 6-Month High
• Home Construction Slowed in January
• Retail Sales Tumble to Start the Year
• Challenges Remain for Job Seekers

00:00 Introduction
02:18 Wholesale Inflation
05:53 Fed Funds Rate
08:16 Home Construction
10:08 Retail Sales
12:00 Subscribe

To subscribe to the MBS Highway, please go to www.MBShighway.com - © 2012-2024 MBS Highway. All rights reserved. 

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

Hey everyone, it's Larry Bailey. This is for the Week of February 5, 2024, in Review:

The latest appreciation and inventory data show why housing remains a great avenue for wealth creation. Read on for more details in these headlines:

• Home Prices Expected to “Extend to New Highs”
• The Real Story on Existing Home Inventory
• Is a Rise in Initial Unemployment Claims Ahead?

00:00 Introduction
02:21 Home Price Index
04:19 Existing Home Inventory
06:39 Unemployment Claims

To subscribe to the MBS Highway, please go to www.MBShighway.com - © 2012-2024 MBS Highway. All rights reserved. 

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

Today was all about Best Practices for your Milestones in your Encompass® platform. Watch the replay to find out if you are doing all of the recommended things or if you are missing out on what you should be doing. We all have Milestones in Encompass®, but there are ways to use them the best way possible for your workflow. Watch or listen to find out more.

Also, here's the link to the Admins & Users Mastering Encompass® plan as mentioned: https://mortgage.community/landing/plans/379743
And the link for the ICE Experience 2024 Wrap-Up Event: https://mortgage.community/spaces/12759209/about

❗ Make sure to come to all of our Tuesday events at 4:00 PM ET. Guaranteed to make you learn something new every time!

👉 Click here to watch the full replay: Mortgage.Community

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

Whether you’re a first-time homebuyer, a seasoned investor, or someone planning to start investing in real estate, Sam Sharp joins the show to give us the latest trends about the mortgage industry, interest rates, and the housing market.

In this conversation, Sam underlines his remarkable success in the lending business, his expertise in providing a win-win solution for Guaranteed Rate and its clients, and some of the things everyone can expect in the future of real estate. Dive in because this episode will surely help you make better decisions for your business and personal goals!

Key Points & Relevant Topics

• Sam’s story of getting into the real estate lending and mortgage industry
• Focusing on the business and its importance in the lending industry
• Ensuring a better experience and straightforward process for clients and borrowers
• Typical homebuyers in today’s market
• Sam’s insights on the growing markets for homebuyers and interesting patterns in the present real estate environment
• Things buyers and investors need to research before making decisions
• Future changes and interest rate trends to expect in the real estate market
• The value proposition of Guaranteed Rate in the US real estate and housing market

Resources & Links

• AirDNA
• Apartment Syndication Due Diligence Checklist for Passive Investor

About Sam Sharp

Sam Sharp, EVP of National Sales at Guaranteed Rate, has over 20 years in the real estate lending industry with more than $3 Billion financed and 10,000 loans closed. Sam and his team are constantly prepared to adapt and evolve while consistently focusing on ways to better serve their clients and improve the overall buying experience. 

His goal is to provide a straightforward and easy experience, which is exactly what sets him apart from his competitors. He has been named the #1 Lender in purchase volume in Illinois multiple times over the last few years. Sam’s personal and professional mantra is - “If you don't know where you're going, you might end up somewhere else.” 

Get in Touch with Sam

• Website: https://www.samsharp.com/ 
• Instagram: @samsharp_guaranteedrate
• LinkedIn: Sam Sharp
• Tiktok: @samsharpgr
• YouTube: Sam Sharp
• Facebook: Sam Sharp at Guaranteed Rate

To Connect With Us

Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

DDM Rules were all the rage in today's call. So much AWESOME information shared together just the like community we are. Make sure to watch the replay and to get all of the great advice from others who have found DDM rules to be a terrific resource in the Encompass® platform.

❗ Make sure to come to all of our Tuesday events at 4:00 PM ET. Guaranteed to make you learn something new every time!

👉 Click here to watch the full replay: Mortgage.Community

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

Hey everyone, it's Larry Bailey. This is for the Week of January 29, 2024, in Review:

The Fed held rates steady while there were mixed messages from the labor sector and home prices continued to hit new highs. Read on for these stories and more:

• Fed Funds Rate “Likely at Its Peak”
• Was January’s Jobs Report Really a Blockbuster?
• Slow Start for Private Sector Job Growth
• Surprising Uptick in December’s Job Openings
• Unemployment Claims Rise for Second Straight Week
• Home Prices Moving on Up

00:00 Introduction
01:53 Job Openings
03:57 Unemployment Claims
06:07 Home Prices
10:39 Family Hack

To subscribe to the MBS Highway, please go to www.MBShighway.com - © 2012-2024 MBS Highway. All rights reserved. 

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

January is effectively done. If you have not taken the time to reflect on what you have done, refine your processes and technology, and refocus your efforts, you are not alone.

⭐Check out our episode where Larry Bailey talks you through each step. You will have a better 2024 as a result.

👉Join us each Tuesday at 4 PM ET for great conversations at Mortgage.Community

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

Hey everyone, it's Larry Bailey. This is for the Week of January 22, 2024, in Review:

Inflation continues to move lower towards the Fed’s 2% target, while declining mortgage rates boosted signed contracts on new and existing homes in December. Here are the latest headlines:

• Key Inflation Measure Below 3%
• New Home Sales End 2023 on High Note
• Pending Home Sales Surged in December
• Fourth Quarter GDP Better Than Expected
• Jobless Claims Move Higher

00:00 Introduction
04:16 New Home Sales
07:44 Fourth Quarter GDP
10:28 Chocolate Mousse Recipe, Upcoming Economic Data

To subscribe to the MBS Highway, please go to www.MBShighway.com - © 2012-2024 MBS Highway. All rights reserved. 

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

Thanks to everyone who came to the live event today. We talked about the seemingly endless list of conferences to go to this year, which ones to go to, and then what to do in order to bring home value. Advocate for the things/ideas that you want brought to life. Form and pitch your idea. Here is the link to "Shape Up" by 37 Signals as mentioned in the event - https://basecamp.com/shapeup.

⭐Join the Mortgage Community to see a list of the events we spotted happening this year!

👉Join us each Tuesday at 4 PM ET for great conversations at Mortgage.Community

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

A potential silver lining for first home buyers in possible changes to lending rules.

The Reserve Bank is proposing introducing debt to income ratios from the middle of the year.

Owner occupiers could borrow six times their income, while for investors it would be seven times.

Independent economist Tony Alexander says the central bank plans to ease up on loan-to-value ratios at the same time.

He says that will allow more lending where deposits are less than 20 percent.

"So actually, given that getting a deposit together is pretty hard for first home buyers, it could be a small net positive for them."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

Hey everyone, it's Larry Bailey. This is for the Week of January 15, 2024, in Review:

Home sales and construction slumped in December, but buyers and builders have reasons to be optimistic about the housing market this year. Find out why and more in these stories:

• December’s Existing Home Sales Likely a “Bottom”
• Home Builders Optimistic About 2024
• “Solid Showing” for Single-family Construction
• Holiday Shopping Season Stronger Than Expected
• Initial Jobless Claims Fall Below 200,000

00:00 Introduction
01:02 December's Existing Home Sales
02:22 Homebuilders Optimistic about 2024
06:01 Solid Showing for Single-Family Construction
08:05 Holiday Shopping Season Stronger than Expected
08:54 Initial Jobless Claims Fall Below 200,000
09:56 Family Hack of the Week
11:09 What to Look for This Week

To subscribe to the MBS Highway, please go to www.MBShighway.com - © 2012-2024 MBS Highway. All rights reserved. 

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

Get ready for an exciting episode where we delve into the groundbreaking E-Compensate solution by Awesome Technologies Inc. Join us as we take you through a live demonstration, showcasing how E-Compensate revolutionizes commission, bonus, and override management during every payroll cycle.

Discover how this versatile solution seamlessly integrates with multiple data sources and can be utilized by any LOS (Loan Origination System), making payroll hassles a thing of the past for your organization. Whether you're a small startup or a large corporation, E-Compensate is designed to fit your budget and scale with your needs.

Join us to review the live recorded demonstration, and feel free to ask any questions you may have. Stay ahead of the curve and unlock the potential of E-Compensate for your business. Don't miss it!

👉Click here to watch the full replay: Mortgage.Community

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.

Do you use tickets to track issues, or do you use more of a collaborative approach with your issues and projects. We reviewed the pros and cons for each methodology as a community. Many are using some kind of ticketing, along with something else, but everyone agrees there is always room for improvement. Listen in for clues for what you can do better.

❗Join us every Tuesday at 4:00 PM ET for great community conversations just like this one.
👉Click here to watch the full replay: Mortgage.Community

Larry Bailey - Your Community Advocate

Contact me anytime at Larry@atihelps.com

© 2024 Mortgage Workflow Partners Inc. All Rights Reserved.