App Auditing, Non-QM, Processing, Payment Deferral Tools; Conv. Conforming News; Consumer Price Data

This morning I head from Seattle to Atlanta for some MBA/STRATMOR Peer Group meetings. Seattle has its share of hipsters, and sometimes one needs a translator to figure out what they’re talking about. The Urban Dictionary defines, “Situationship” as, “Let’s just chill, have sex, and be confused on the fact that we are not together but have official emotions for each other.” It is a type of “relationship,” defined as, “The way in which two or more concepts, objects, or people are connected, or the state of being connected.” Mortgage pricing is related to the yield curve, and anyone who cares about ARM, 15-year, or 30-year home loan pricing may want to check out STRATMOR’s current blog, “The Yield Curve Is Inverted: Should Lenders Care?”. And we all have a relationship with the environment and the climate. Whether or not you believe in climate change, or in what causes it, is of no concern to me, but you can’t ignore it and it is impacting the pricing of home loans in certain areas. And so Climate Alpha launched HOMES, a free tool pricing the impacts of climate change into the future value of more than 100 million American homes and “forecasts financial gains or losses due to climate change between now and 2040.” (Today’s podcast can be found here and is sponsored by SimpleNexus, an nCino company and award-winning developer of mobile-first technology for the modern mortgage lender. Nexus Closing delights homebuyers with a convenient, single sign-on experience that makes it possible to close on a loan from anywhere. Hear an interview with SimpleNexus’ Jay Arneja on the evolution and adoption of eClose.)