Jumbo, Non-QM, Pricing, HELOC Tools; Disasters and Catastrophes, Florida’s Insurance Woes; 10-year back to 4%

Yesterday I flew west to Philadelphia (“Philly”) to spend some time with the Spring EQ sales team. It is a well-known fact that the process of boarding a plane takes about twice as long as deplaning: predictably passengers take longer to find their seats and settle in versus grabbing their belongings and heading for the door. What isn’t so predictable are mortgage rates. Why have mortgage rates gone up when they were supposed to have gone down following the Fed’s move? Tune in tomorrow at noon PT to the Capital Markets Wrap, presented by Polly, to find out. Many people predicted a significant hurricane season with climate change, but there had only been one hurricane by mid-August causing some to revise their predictions. There was even talk that less damage would mean savings for insurance companies resulting in savings for us, instead of more dramatic price increases for consumers. But we are reminded that “Mother Nature bats last.” (Today’s podcast is found here and this week’s is sponsored by LoanCare. The mortgage subservicer is known for delivering superior customer experience through personalization and convenience. LoanCare is part of Fidelity National Financial, a Fortune 500 company and leading provider of services to real estate and mortgage industries. Today hear an interview with Megan Anderson on how young people can better carve out careers for themselves in the mortgage industry.) Lender and Broker Software, Services, and Loan Programs