Borrower Analysis, 1st Lien HELOC, Ginnie eNote Products; Webcasts Approaching; NEXA/UMortgage Deal

“People make their wealth out of one investment. People keep their wealth by diversifying their investments.” Owning mortgage servicing rights has created wealth for many companies, and STRATMOR’s current blog is, “Those Monthly Payments Go Somewhere.” I am glad that all my 401(k) isn’t in Agency shares: Fannie Mae’s stock is down 42 percent this year, and Freddie’s is down 45 percent. Although there is a steady stream of informal communication, things have been somewhat quiet formally from the Director of the Federal Housing Finance Agency Bill Pulte and the FHFA in recent weeks. Recall that before he left his post at the Office of the Director of National Intelligence, he made another round of personnel cuts. (Pulte was tapped to lead ODNI following the departure of DNI Tulsi Gabbard.) That ended last week as Fannie Mae parted ways with at least 10 high-ranking officials. Pulte’s FHFA is mum, but word of the senior departures spread across the industry Friday, creating worries that Fannie’s ability to provide stability to prices and activity could be hampered. Our housing market doesn’t need instability. (Today’s podcast can be found here. This week’s ‘casts are sponsored by Experian. From lenders and landlords to employers and consumers, Experian helps connect the housing ecosystem with the data and insights needed to make faster, confident decisions. Lead a smarter housing journey with Experian. Today’s has an interview with Tidalwave’s Chris McLendon on why the question lenders should ask isn't "does it use AI?" It's "can you prove the answers are right?")