DSCR, DPA, Corresp. Broker Programs, Conv. Conforming News; MBA’s Eye on the FHFA; Ginnie’s Growth

When I board an airplane, it is to go from point A to point B, like today from Denver to San Francisco. As long as it’s on time and somewhat economical, put me in whatever seat in steerage. But others, apparently, want to savor the experience in comfort. Swiss Air has taken this to an extreme, and now must re-balance their jets due to the weight of first class seats! The Federal Reserve’s Open Market Committee is fully expected to “take some weight off” of rates next week. For those of you playing along at home, the FOMC meets three more times in 2024: September 17-18, November 6-7, and December 17-18. So, beware anyone saying that the Fed is going to cut rate five times in 2024. Interest rates are one thing, but everywhere I go originators are doing things to help their clients and stay relevant, like educating them, hosting classes with real estate agents for people in the area and studying up on their company’s products and services. (Today’s podcast is found here and Sponsored by Richey May. Richey May’s consulting, cybersecurity, business intelligence, and automation services are designed by mortgage experts to help you continue to drive growth and increase profitability. Hear an interview with Mace Innovations Chris Mace on the best ways for companies to approach change management.) Lender and Broker Software, Services, and Loan Programs “Yep, we’re seeing it too. App volume, credit report volume… It’s all trending upward, so get ready. At Service 1st, we’re prepping for the fall conference season. That includes the MBA Annual in Denver. We’ve never had more near instant IRS transcript pilots, opportunities with ICE Mortgage, reductions in credit reporting spend, and much more to announce. We’ve been busy during the slowdown, and we’re stoked to show what we’ve been up to. Saddle up, Partner! Let’s get those meetings scheduled now for Denver. Book here.”