Non-QM, AI Governance, Industry Intel Tools; Corporate Shifts; Demo Day Approaches

“What is the most common question Finnish detectives ask suspects? ‘What were you doing the night between November and May?’” There will be less daylight in the Northern Hemisphere until the Winter Solstice on December 21st, with lots of weather, and mortgage news, between now and then. Old mortgage vets recall the end of November as traditionally being the time that Freddie and Fannie announce their loan limits for the next year. Given the increase in non-Agency lending over the last few years, this has lost some of its significance, but it will still have a ripple effect through the industry. Certainly loan officers can use it for marketing purposes and try to add some value. Along those lines, the National Association of Realtors (NAR) has a write up on the reasons to own a home which is a short must-read for any originator to better understand a client. But then we have Better offering up things to think about when not using an agent to buy a home. (Today’s podcast can be found here. This week’s ‘casts are presented by Truework, a Checkr company, the one verification solution to replace in-house waterfalls. Verify any borrower with a VOIEA solution that automates the entire process to quickly deliver the most accurate and complete reports with broad GSE coverage. Today’s has an interview with Private Money Funding’s Ryan Hermansky on how private lenders are filling gaps left by traditional banks in commercial real estate by offering flexible, asset-backed financing with conservative underwriting.)