Retention, Credit, CU Lending, Disaster Analysis Tools; Housing Act to the President; Webcasts

“Why did the Dalai Lama go to Las Vegas? Because he loves Tibet.” It’s 107 F here in Las Vegas. Some would say, “It’s summer, what do you expect?” (No one expected 40 people to die in France trying to escape the heat.) Lenders and servicers are wondering, if push comes to shove about A/C in homes or supplying a local data center with electricity, who will win. My bet is whoever has the money. Your company, and family, has money, and criminals want it. (The term “bad actors” seems weak.) SIFMA’s 26th Annual AML Conference focused on the most pressing issues in financial crimes compliance, something no company can afford to do without. In a different type of affordability, a link for the new JPMorganChase policy brief (on practical steps states and cities can take to increase housing supply and bring down costs) in yesterday’s Commentary is included above for those who would like to read it. (Using examples from across the country, the brief shows how different places are testing new models to support innovations in homebuilding.) (Today’s podcast can be found here and this week’s ‘casts are sponsored by Equifax, a global data, analytics, and technology company, helps mortgage lenders gain the borrower and market insights they need to improve efficiency and make accurate decisions. Access differentiated consumer credit data, powerful consumer and market insights, and income and employment data from The Work Number. Today’s has an interview with Spring EQ's Reno Heine on differentiating oneself in the increasingly competitive home equity and non-QM markets, how technology and AI are shaping growth, and practical advice for brokers seeking new business opportunities.)