The first half of the Lykken on Lending program will feature our Weekly Updates. To read more info about our regulars and weekly updates, go to our website!
Weekly Updates With Alice, Allen, Matt, Les, And Rob
We are so grateful to have you here with us. This show is created by mortgage professionals, and we are here for mortgage professionals but we are most grateful for you, our readers. We appreciate you being here. Our commitment is to bring you timely information. We are proud to be a part of the Industry Syndicate. Check out all the episodes at IndustrySyndicate.com. Also grateful for our sponsors, the Mortgage Bankers Association of America. Had a great interview with Michael Fratantoni. I got a lot of positive feedback.
This interview also caught up with their friends at Finastra. They are doing a great job with their Mortgagebot Solution. A lot of new innovations are coming in with them. We are grateful for their sponsorship as well as Lenders One, The Mortgage Collaborative. These two co-ops do a great job of helping lenders connect with each other of their same size, so check that out. I could go on and on about both of these co-ops. We are members of both of them. Pick one or both. That’s what we recommend. They definitely get involved. It does not replace the MBA with membership but if you get to be a member of one of these co-ops, you will find that you will benefit from it.
Also, this Community Mortgage Lenders of America Association, we are grateful to be part of the CMLA. As well as Insellerate. Josh Friend does a great job. Again, that interview that we did with Josh Friend is still getting radically downloaded because of the radical things that they are doing inside their company to connect you with borrowers. Great empower engagement platform.
Also, when you are recruiting, you got to look at Mobility MMI, Mortgage Market Intelligence, as well as Modex. Both of these companies do a great job of bringing empirical data, and again, a special thank you to Snapdocs. We are thrilled to have the entire Snapdocs team with us on the show as a sponsor. Check out Snapdocs, one of the up-and-coming companies, and you will want to get to know them.
We recently signed up with SuccessKit, and if you’re a vendor or lender and you are wanting testimonials on your website, you need to check out SuccessKit. I have been thrilled with what they’ve done for us in our consulting business, and I’m sure they will do the same for you. As well as now, Lenders Toolkit is the newest one of our newest sponsors, so thrilled to have them as a sponsor. Special thank you goes out to Rob, Les, Alice, Allen, Matt and Jack for their contributions each and every week to the show. Let’s get over to Rob Van Raaphorst of MBA for the MBA Mortgage Minute. Rob?
FHFA published the conforming loan limits for 2022 for mortgages eligible to be acquired by the GSDs. The baseline was set at $647,200, and the maximum was set at $970,800. HUD also published the FHA forward mortgage loan limits and maximum claim amount limits for reverse mortgages. For FHA-insured forward mortgages, the floor will be $420,680, and the maximum will be $970,800. The maximum claim amount for FHA-insured reverse mortgages will also be $970,800. The large nationwide increase in house prices in 2021 is the reason for the increases in GSE and FHA loan limits for the coming 2023. Thanks for joining me.One of these days, these FED boots will stop all over. Click To Tweet
I’m Grateful for all that the MBA does and for Rob Van Raaphorst for bringing us his report. Thank you very much. Let’s get over Les Parker with the TMSpotlight and the gro view of the markets. Les, what do you got for us?
The Fed can slow inflation by stopping boots while offering futile tools to stimulate economic activity. When central banks try to stimulate activity, they create excess liquidity, which, if not reduced, creates exaggerated inflation during a recovery, bonds see healthy action by central banks, but they also see a futile recovery jeopardized by inept US actions to address supply issues. Ironically, when the Fed starts walking back liquidity, long-term rates fall. Fed boots, are you ready? Start stopping. These views are my own. Learn more about stopping boots at TmSpotlight.com.
You can sign up for the paid version of Les’s TMSpotlight newsletter. Be sure to come back here. I Want to say special thank you to our sponsors, Finastra, CMLA, Lenders One, Insellerate, Mobility MMI, Modex, the MBA, KnowledgeCoop, the Mortgage Collaborative, Snapdocs, SuccessKit, and Lenders Toolkit. It’s good to have you with us, everybody. Have a great week, and I look forward to seeing you back here.
- Mortgage Bankers Association of America
- Michael Fratantoni – Past Episode
- Mortgagebot Solution
- Lenders One
- The Mortgage Collaborative
- Community Mortgage Lenders of America Association
- Josh Friend – Past Episode
- Mobility MMI
- Lenders Toolkit