Pennymac has released the latest edition of its Pennymac Policy Pulse, a newsletter tracking key federal policy developments shaping the housing market and broader U.S. economy. When national or state-level organizations engage in advocacy, they don’t visit the NAR or home builders or large title companies. They visit state legislators, Congress, or federal regulators. It has become impossible to separate politics from residential lending. Lenders are confronted with regulators, people moving states due to politics, expensive property taxes from local governments, state-specific lender and servicer restrictions, policies and procedures and document sets that come from Agencies under government conservatorship, and lastly interest rates that are higher than they should be due to due to oil price-induced inflation. If you can be successful in this business by ignoring all of that, congratulations. (Today’s podcast can be found here and this week’s ‘casts are sponsored by Equifax. With Equifax’s suite of mortgage solutions, mortgage lenders can use trusted, independently verified consumer and financial data and analytics to reduce manual processes, accelerate loan decisions, improve accuracy, manage risk, and enhance the borrower experience from initial application through ongoing loan servicing. Today’s has an interview with Class Valuation’s Mark Walser on UAD 3.6: stages of panic versus planning, and what lenders can expect in the fall.) Broker and Correspondent Loan Products