5-11-20 Becoming Approved by Ginnie Mae and a Look Ahead after the Pandemic

With all that's going on in the mortgage industry right now we thought it'd be best to take a detailed look at what it takes to become approved by Ginnie Mae, and with that, also look to the future for what may be happening after the pandemic! In today's Hot Topic we have Gregory Keith on the program to provide us with his insights on the Ginnie Mae Approval process! Want to know more about Gregory Keith? Gregory A. Keith joined Ginnie … Show Notes

The Mortgage Collaborative

Based in San Diego, California, The Mortgage Collaborative was founded in 2013 to empower mortgage lenders across the country with better financial execution, reduced costs, enhanced expertise and improved compliance, as well as helping our members access the dynamic and changing consumer base in America.

The collaborative is managed by its founding members, John Robbins, CMB; David Kittle, CMB; Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP); and Jim Park, former chair of the Asian Real Estate Association of America (AREAA).

Robbins and Kittle are former chairmen of the Mortgage Bankers Association of America.

Ratio of Unemployed Workers per Job Opening – MBA Chart of the Week July 24, 2020

Source: U.S. Bureau of Labor Statistics This week’s MBA Chart of the Week uses data from the U.S. Bureau of Labor Statistics to look at the ratio of the number of unemployed workers to job openings to highlight how the current recession is different than the recession in 2007-2009. In the previous recession, the measure The post Ratio of Unemployed Workers per Job Opening – MBA Chart of the Week July 24, 2020 appeared first on Mortgage Media.
Friday Wrap: Historic Low Mortgage Rates and Increasing Higher Unemployment

Mortgage Rates Drop to Lowest in History For the first time in its history, Freddie Mac is showing an average 30-year fixed-rate mortgage below 3%. This week the average came in at an incredibly low 2.98%. According to the Mortgage Bankers Association, total mortgage application volume went up 5.1% week-over-week, with refinances seeing a 12% The post Friday Wrap: Historic Low Mortgage Rates and Increasing Higher Unemployment appeared first on Mortgage Media.
Unemployment Insurance: Initial Claims Seasonally Adjusted , 000’s – MBA Chart of the Week July 17, 2020

Source: U.S. Department of Labor This week’s chart highlights initial unemployment claims data from the U.S. Department of Labor (DOL), portraying the speed and severity of the labor market’s deterioration during the COVID-19 pandemic, as businesses closed or transitioned to remote working arrangements. This data has become prominent in the last few months-it is published The post Unemployment Insurance: Initial Claims Seasonally Adjusted , 000’s – MBA Chart of the Week July 17, 2020 appeared first on Mortgage Media.
The Mortgage Pathway: The Loan Officer as Mentor

The Home Ownership Journey With numerous resources available in the smartphones at their fingertips, today’s homebuyer has more access to insights behind the mortgage process than ever before. Although this information can help empower the homebuyer, it is important that they still communicate with a mortgage expert who can assess their goals and financial needs The post The Mortgage Pathway: The Loan Officer as Mentor appeared first on Mortgage Media.
Mortgage Media Talks with Prashant Kothari of String Real Estate Information Services

MortgageMedia’s Suresh Ramakrishnan held a virtual sitdown discussion with Prashant Kothari, founder and President of String Real Estate Information Services, now a part of SitusAMC. String offers a comprehensive set of title quality control services to participants in the secondary mortgage market with the addition of title search services and other mortgage business process outsourcing The post Mortgage Media Talks with Prashant Kothari of String Real Estate Information Services appeared first on Mortgage Media.