Can someone with expertise explain what correspondent mortgage lending is? What is mini-correspondent lending? What is the difference between correspondent, mini-correspondent, mortgage banking, and mortgage brokers. I asked multiple so called experts and I keep getting conflicting answers. Thank you very much in advance.

The Bureau of Labor Statistics forecasts a 2.9% employment growth for mortgage loan originators between 2022 and 2032. During that period, it is forecasted 10,400 jobs in the mortgage industry should open up. Licensed and registered mortgage loan originators advise, authorize and recommend loan approval for individuals and businesses. According to data from the U.S. BUREAU OF LABOR STATISTICS tens of thousands of loan officers LEFT the mortgage industry in 2023 due to inflation, surging mortgage rates, and housing shortage. In October, 2023, 67% of current mortgage loan officers produced less than one unit of closed loans in October. 21% of loan officers closed 1.5 units per month and only 12% of mortgage loan orignators closed greater than 2.5 units. The mortgage industry was decimated due to the economy, high rates, and inventory shortage. Very few from the work force sought work in the mortgage lending industry. According to the Nationwide Mortgage Multistate Licensing System, in the second quarter, there were 24.5 percent fewer individual licenses awarded for mortgage lenders. That means people are leaving the mortgage industry altogether permanently. More loan officers are expected not to renew their NMLS licenses or leave the mortgage industry.

In all of 2022 and through the first half of 2023, the average mortgage lender was not profitable and lost money on every mortgage it originated. In first quarter of this year, the average loss was $1,972 per mortgage loan. In the second quarter, the size of the loss improved to $534 per loan.

Realtor.com, the real estate listing and informational website forecasts the housing market will continue to struggle in 2024 and mortgage rates will average 6.8% in 2024, and possibly drop to 6.5% by the end of 2024. This is not promising news because mortgage rates were at 2.5% just two years ago. Loan officers are expected to have a tough road ahead because consumers have not adapted to this sudden hike in rates. Until the mortgage rate of 6.5% is accepted as the new normal, the mortgage industry will continue to struggle and more loan officers and mortgage companies are expected to leave the mortgage industry. There were a total of 160,000 licensed and registered mortgage loan originators. 50,000 loan officers have exited the mortgage industry and more are expected to leave this year by the second quarter. There are 90,000 mortgage loan originators left in the mortgage industry today but that number is forecasted to drastically get reduced to as much as 40,000 so only 50,000 loan officers is forecasted to remain in business.

https://www.youtube.com/watch?v=C9BdPHXKHfE

I am looking at buying a RVPark- that is currently cashflowing at a 7.5cap – I am looking at changing the model a bit and infusing capital plan to add capsule airbnbs and boat storage (20) frames are already built. The Property is 10 acres – less than 2 miles from a lake that has over 6 million visitors a year. It is located 30 minutes from 2 of the largest casinos and also 3 state parks. I am wondering if someone could finance on projected dscr. Any help would be great. I will post some designs of the homes and some of the land later today.

What are the basic requirements for financing a food truck? What are the terms, rates, credit score requirements, and experience.

Can I get approved for an FHA loan with a timeshare foreclosure?

If you are buying a new construction home, how are property taxes on new construction homes calculated by mortgage lenders.

Many people became oversight YouTube stars harassing cops. They call themselves First Ammendment Auditors

https://youtu.be/lhP6L9QFD9k?si=oBbYUBUh8ho38uLO

Will the 2024 housing market crash forecast be worse than the 2008 Financial Crisis and Housing Market Crash Forecast? What goes up comes down right? Why are housing market experts and economists saying the 2024 housing market crash forecast will be worse than the 2008 housing crash? Interest rates have skyrocketed from 2.0% to 7% in twenty four months. The sudden increase in mortgage rates and skyrocketing home prices as well as surging inflation have put a halt in home affordablility among millions of potential home buyers. Unemployment rates have surged and many people are becoming homeless or are in the verge of being homeless. Please take a look at this video.

https://www.youtube.com/watch?v=zY0d-RKtYaQ&ab_channel=Econofin

Ponds and waterfalls can add a serene and natural aesthetic to any garden or outdoor space. They not only enhance the beauty of the environment but also provide a habitat for various forms of wildlife. Here’s an overview of what they involve:

Ponds

Ponds are water bodies that can be either natural or man-made and are usually smaller than lakes. They can be a central feature in gardens, providing a peaceful spot for relaxation. Homeowners can stock their ponds with fish like koi or goldfish and plant aquatic vegetation to promote a balanced ecosystem.

Waterfalls

Waterfalls in a garden setting are typically constructed as part of a pond system. They add visual interest and the soothing sound of flowing water, which can enhance the tranquility of the space. Waterfalls are also beneficial for circulating and aerating the water in ponds, which helps maintain water clarity and supports the health of fish and plants.

Installation and Maintenance

Installing a pond or waterfall requires planning the right location, size, and filtration system to ensure sustainability and ease of maintenance. It’s crucial to consider factors such as sunlight exposure, proximity to trees (to avoid leaf debris), and accessibility for cleaning.

Maintenance involves regular cleaning of the water, checking and managing the water pH and other quality parameters, and maintaining the pumps and filters that keep the water circulating and clean.

Benefits

Beyond aesthetics, ponds and waterfalls offer environmental benefits such as supporting local biodiversity and providing a micro-habitat for birds, insects, and amphibians. The sound of water from waterfalls can also mask background noise, creating a quieter and more serene atmosphere.

Incorporating ponds and waterfalls into landscaping not only boosts the visual appeal of the property but also increases its value. They are a long-term investment in the beauty and ecological health of your outdoor living space.

What is the historical price and growth of silver and gold?

Last November Google Algorithm Updates, Google stated AI does not hurt but helps Google rankings and we can use AI content from ChatGDP and other artificial intelligence systems. Now, I am hearing that AI is hurting Google SEO rankings on content. What is what and did Google change its policy? I really do not think that is being fair.

Silver price is at 23 dollars an ounce and has been hovering around this level for a few years. It is a matter of time when silver is going to skyrocket. Big banks, Globalists, and the establishment have been shorting silver for years and are scared shitless silver price will take off. Don’t be surprised silver price to be 1,000 per ounce.

Former President Donald Trump offered to buy everyone an ice cream 🍦 at Dairy Cream. President Donald Trump then goes to the counter and asks the Dairy Cream counter cashier, excuse me.

Everyone Wants a Blizzard What’s a Blizzard? Get Everyone a Blizzard.

https://rumble.com/v4mpt4h-blizzard.html

rumble.com

THE PEOPLE'S PRESIDENT!!!🇺🇸

Subscribe to il Presidento's rumble channel here: https://rumble.com/c/ilDonaldoTrumpo Join our Amazing Patrioto Familia at http://www.ildonaldo.com

Nazareth Love hurts is another classic oldie

https://youtu.be/TyCPfdu1HoA?si=z4WGoLOl04EfOjd-

Here’s a video clip about Cat Turd 🐈 😻 🐈‍⬛️ Dementia Joe Lying Cheating Biden, CEO of the Biden Crime Family

https://youtu.be/yK45-cuH7vw?si=X4ZZc4SZmEG3CuJm

Like to share an informative article about building the best mortgage CRM to share with our viewers

https://goldliontech.com/the-best-custom-mortgage-crm-for-you-go-high-level/#

goldliontech.com

The Best Custom Mortgage CRM For You: Go High Level

We are a Results Based Growth Marketing Company. We focus on being a great partner for businesses and organizations. Let's Work!

To send invitation to join the forum to your friends, family or anyone then first go to your profile , after that click on Email Invites , fill the information like Recipient Name and Recipient email id and below this add the text or message which you want to send with invitation and last click on send invites.

Please check screenshot

mail-inviation.png 39 KB Image File - Click to view

Options

• Copy Download Link

What are the minimum credit and income standards to qualify for a jumbo loan?

Onpage SEO, also known as on-site SEO, refers to the optimization of a website’s individual web pages in order to improve its search engine ranking and visibility. This includes optimizing content, meta tags, images, internal links, and other elements on a website to make it more attractive to search engines.

To effectively implement onpage SEO, here are some important tasks that need to be done:

1. Keyword research: Identify relevant keywords that your target audience is using to search for your products or services. Use tools like Google Keyword Planner or SEMrush to find popular and relevant keywords.

2. Optimize title tags: The title tag is an HTML element that defines the title of a web page. It is displayed in search engine results as the clickable headline for a given result. Make sure to include your target keyword in the title tag and keep it under 60 characters.

3. Optimize meta descriptions: Meta descriptions are short snippets that appear below the title tag in search engine results. They provide a brief description of the content on the page and can influence a user’s decision to click through to your website. Make sure to include your target keyword and keep it under 160 characters.

4. Optimize heading tags: Heading tags (H1, H2, H3, etc.) are used to structure content on a webpage. They not only help search engines understand the content on a page, but they also make it easier for users to read. Use your target keyword in at least one heading tag.

5. Optimize images: Images can also be optimized for SEO by using descriptive file names and alt text. Alt text is used to describe an image for visually impaired users and it also helps search engines understand the content of an image.

6. Use internal linking: Internal linking helps search engines understand the structure of your website and how pages are related to each other. It also helps distribute link equity throughout your site. Link to relevant pages within your website using descriptive anchor text.

7. Create high-quality, relevant content: Content is a crucial element of onpage SEO. Create high-quality, relevant and engaging content that incorporates your target keywords naturally. This will not only help with SEO but also keep your audience interested and engaged.

8. Improve website speed: Website speed is an important ranking factor for search engines. Optimize your website’s speed by compressing images, using caching and reducing the number of HTTP requests.

By implementing these tasks, you can improve your website’s onpage SEO and increase its visibility and ranking on search engines. It is an ongoing process, so regularly review and update your website’s onpage SEO to stay ahead of the competition.

I spent a lot of money and time for this pond. However, the pond needs a lot of work including a large waterfall, Rocks around the perimeter and sand in beach areas.

https://photos.app.goo.gl/NM729FzfYtGxGNdDA

Tucker Carlson interviews Russian President Vladimir Putin. A must see video

https://www.facebook.com/share/TEGddzxrJoVv4Tcu/?mibextid=21zICX

facebook.com

TᑌCKEᖇ CᗩᖇᒪSΘᑎ 2/9/24 ᖴᑌᒪᒪ HD | TᑌCKEᖇ CᗩᖇᒪSΘᑎ 2/9/24 ᖴᑌᒪᒪ HD | By Melanie Harmon | Facebook

TᑌCKEᖇ CᗩᖇᒪSΘᑎ 2/9/24 ᖴᑌᒪᒪ HD

Hello Team!

Anthony Fiero is one of our top niche wholesale investors for non-QM primary home, second home, and investment home mortgage loans. However, Anthony Fiero hands down the only wholesale lender we have for hard money loans on primary homes but is limited to California. You can get hard money loans on primary homes in California and Callifornia ONLY. Closing in a matter of days after all paperwork is in. Interest only hard money loans with a five year balloon. Anthony Fiero is an active member of GCA FORUMS and will be the moderator for Non-QM and alternative mortgage loan programs. @AnthonyFierroLendingAnswer

Fannie Mae and Freddie Mac are the two largest purchasers of mortgage loans on the secondary market. However, there are buyers of mortgage loans on the secondary mortgage market who purchase mortgage loans from multiple smaller mortgage bankers.

Middle-level mortgage bankers will purchase mortgages from dozens of small to mid-sized lenders and package them up in bulks as mortgage-backed securities, often referred to as MBS.

The middle-level regional mortgage bankers will then sell the mortgage loans they purchase from smaller mortgage bankers and correspondent lenders and sell them to Fannie Mae or Freddie Mac. Fannie Mae and Freddie Mac will not purchase mortgage loans that do not conform to Fannie Mae or Freddie Mac Guidelines. This is why conventional loans are called conforming loans.

Local man saves Alligator handler from Alligator attack

https://www.facebook.com/share/v/m9M6bp3QW2jzGZR9/?mibextid=OTybqR

facebook.com

Man Saves Woman From Gator | Local Hero Saves Zoo Worker From A Gator | By Know Your MemeFacebook

Local Hero Saves Zoo Worker From A Gator

Peter Schiff is a legend. Peter Schiff called the 2008 financial crisis when others were laughing at him. I remember Peter Schiff calling out Washington Mutual and sure enough the largest mortgage lender and servicer went out of business. This economic crisis is obvious. Consumers are feeling it at the pump, grocery stores, malls, auto repair shops, auto dealers, shopping for homes, surging mortgage rates, and the cost of goods and services skyrocketing like a runaway train. The dollar is becoming worthless because the Federal Reserve Board keeps printing money like there is no tomorrow. Wages are not keeping up with the cost of goods and services. $100,000 salary per year is no longer high income. The cost of goods and services has been rising rapidly in recent years, leading to significant inflationary pressures on consumers and businesses alike. Here are some key points about the current state of inflation and the factors driving high costs:

1. Elevated inflation levels: The annual inflation rate in the United States reached a 40-year high of 9.1% in June 2022, as measured by the Consumer Price Index (CPI). While it has moderated slightly since then, it remains well above the Federal Reserve’s target of 2%.
2. Supply chain disruptions: The COVID-19 pandemic caused widespread disruptions in global supply chains, leading to shortages of various goods and materials, which drove up costs.
3. Rising energy and commodity prices: The war in Ukraine, coupled with increased global demand as economies reopened, has led to a surge in energy prices, particularly for gasoline and natural gas. Other commodities, such as food and metals, have also seen significant price increases.
4. Labor shortages and wage growth: Many industries have faced labor shortages, leading to higher wages and increased costs for businesses, which are often passed on to consumers.
5. Strong consumer demand: Pent-up demand from the pandemic, coupled with government stimulus measures, has fueled robust consumer spending, putting upward pressure on prices.
6. Housing and rent costs: The housing market has seen a sharp rise in prices and rental costs, contributing significantly to overall inflation.
7. Federal Reserve’s response: The Federal Reserve has been aggressively raising interest rates to combat inflation, but the effects of these monetary policy actions often take time to fully materialize.

The persistently high inflation has eroded consumer purchasing power and squeezed household budgets, particularly for essential goods and services like food, housing, and energy. Businesses, too, have had to grapple with higher input costs, which can impact their profitability and investment decisions.

While the Federal Reserve’s efforts to cool demand and bring inflation under control are ongoing, the current inflationary environment remains a significant challenge for both consumers and businesses alike.

https://youtu.be/zRZ1LrT3nas?si=2aa91YuDakdHfIlu

Breaking news about the corrupt politician who cheated into office

Tom Homan rips the Biden Administration due to not continuing on what former President Donald Trump started on building the WALL and made matters worse with having tens of thousands illegally cross the border from Mexico to the United States. Karine Jean-Pierre and other Joe Biden handlers are talking out of their rear ends trying to protect the image and reputation of the elderly Joe Biden where there are talks from many his dementia and mental illness is deteriorating at a rapid rate and his days are number. Besides Tom Homan, other high level Washington top guns from both sides of the isles are not having too much faith on Joe Biden even making it to the November 2024 Presidential election. Biden’s handlers are advising Joe Biden to step down but the senior Biden is struggling and deteriorating at a rapid space.

https://youtu.be/Hpd1GrIuzfM?si=St1eY81OWJuwyabE

• This discussion was modified 11 months, 3 weeks ago by  Gustan Cho.

What adds the value to increase on a home appraisal or what do I need to do to get the highest appraisal and value for my home?