GSE Waiver & Data Collection Data

[J Grant]

The "free cost to them" issue isn't part of the economy of scale issue. That's a market competition issue. If AMC#1 offers a cost-plus price and AMC#2 offers a bundle the lender has been choosing AMC#2, which is why the cost-plus AMCs do not have a significant presence in the market.

Regardless of how the AMCs shop by price, the lender's fixed overhead over time is still lower when they only have to make one phone call regardless how much/how little business they're doing. They don't have to hire or lay off, they don't have to wrangle office space or office equipment, they don't have to fret HR issues, they don't have to pay retirement or medical benefits, etc. They only have to pay for what they use when they use it.

Of course, the free cost to them is part of the economy of scale.

Agon, if the LEnders had to PAY out of their operating funds, $100-$200 to an AMC for each order, would the Lender continue to do it, or would they go back to in-house panel order? (w ich is much easier now due to website portals, auto computer reviews, etc)

If the cost came out of the lender's funds (or they pass it to the borrower ) and the appraiser got the same retail C and R appraisal fee whether th lender orders direct or the AMC orders, there would not be an issue, would not be that AMC's have to shop by price and assign by low fee as a main factor.

 

[Zoe]

Of course, the free cost to them is part of the economy of scale.

Agon, if the LEnders had to PAY out of their operating funds, $100-$200 to an AMC for each order, would the Lender continue to do it, or would they go back to in-house panel order? (w ich is much easier now due to website portals, auto computer reviews, etc)

If the cost came out of the lender's funds (or they pass it to the borrower ) and the appraiser got the same retail C and R appraisal fee whether th lender orders direct or the AMC orders, there would not be an issue, would not be that AMC's have to shop by price and assign by low fee as a main factor.

Don't make me mad today. I lost my best friend Feb 5. Your pushing buttons. You weren't as bad as me and Marion and Evincere on Joan trice.

Your making me mad

 

[J Grant]

Don't make me mad today. I lost my best friend Feb 5. Your pushing buttons. You weren't as bad as me and Marion and Evincere on Joan trice.

Your making me mad

I am sorry to hear that you lost your friend.

 

[CGinMN]

Right, because there is no advantage to lenders to order a hybrid

We are being told the advantage is better risk analysis. Do you believe it?

I always hear bad things about rocket mortgage from agents and they use a lot of hybrids I believe

AFAIC Rocket is the whole reason the GSEs have been pursuing this. Hybrids came from the minds of slick salespeople, not risk analysts.

Online lenders want consumers to be able to pull up their phones and do a cash-out refi or purchase mortgages instantaneously. This would give a big boon to Wall Street lenders, because to do so would limit their overhead relative to smaller banks and mortgage companies who don't possess that capability. Instead of thousands of mortgage operations folks, we are talking dozens of engineers. This is the essence of modernization. They need instantaneous approval on collateral. The hybrid is a step on the way there. It is all explained here:

 

[Zoe]

A lady that worked for me told me it takes a temper to make a man, but it takes a man to control it.

 

[Zoe]

I am sorry to hear that you lost your friend.

I am not mad at you baby.

 

[Zoe]

I am mad at commingling of fees. I am mad I lost my best friend too. I have told the Lord so.

 

[Zoe]

Danny has confirmed to me that the GSE cannot lobby for separation of fees.

 

[Zoe]

I will beat my dead horse as long as I live.

 

[djd09]

'DEI is dead' at these businesses, declares director of US Federal Housing | Fox News Video​

U.S. Federal Housing director Bill Pulte exposes more empty office buildings and wasteful spending in Washington on 'The Ingraham Angle.'

www.foxnews.com

Fannie Mae will keep downtown DC headquarters after all​

“We are pleased to have come to a new lease agreement with Carr Properties to maintain our presence at Midtown Center in Washington D.C. Our reduced office footprint will allow us to continue to best meet the needs of our employees and business operations while being fiscally responsible,” the statement said.

The new lease terms will be almost half its original lease, occupying 340,000 square feet. The length and terms of the modified lease were not disclosed.

Fannie Mae’s 720,000-square-foot lease at 1100 15th St. NW was originally set to expire in 2033. It moved to the new headquarters in 2018, leaving its longtime home at 3900 Wisconsin Ave., since redeveloped as City Ridge, a Wegmans-anchored mixed use development.

Fannie Mae has already leased new space at Reston Town Center in a recently completed high-rise. It did not say how that space would factor into its decision to maintain a headquarters presence in downtown D.C.

https://wtop.com/business-finance/2024/08/fannie-mae-will-keep-downtown-dc-headquarters-after-all/

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