WSJ and Rocket Mortgage

[Carnivore]

Desperate, sure. I'd say by the increasing CC debt levels and delinquency that the marginal portion is growing more than you might think.


What if they walk away? How long would one stay in an upside down asset with little skin in the game, even at a low rate?

They will stay as long as they can until the Foreclosure and only leave when the Sheriff comes knocking at the door.

 

[chad hampton]

I wonder if sitting back and letting a portion of our business be stolen in the form of waivers and desktop appraisals have any affect? Having a few of those back might help appraisers right now.

Go ask the members of this board who pushed for those products and see if they can help now

 

[J Grant]

I wonder if sitting back and letting a portion of our business be stolen in the form of waivers and desktop appraisals have any affect? Having a few of those back might help appraisers right now.

Go ask the members of this board who pushed for those products and see if they can help now

What members of this board asked for those products? ( other than those with an AMC or lender affiliation )

 

[glenn walker]

I wonder if sitting back and letting a portion of our business be stolen in the form of waivers and desktop appraisals have any affect? Having a few of those back might help appraisers right now.

Go ask the members of this board who pushed for those products and see if they can help now

Appraisers opinions had nothing to do with waivers they were not part of the process. The Major Lenders wanted them and the GSE'S finally had the technology to estimate values without an appraisal. The same will happened with third party inspectors appraisers opinions really dont add much weight to the issue.

 

[J Grant]

Appraisers opinions had nothing to do with waivers they were not part of the process. The Major Lenders wanted them and the GSE'S finally had the technology to estimate values without an appraisal. The same will happened with third party inspectors appraisers opinions really dont add much weight to the issue.

The GSE's had tecnology for years that could estimate values without an appraisal.

The WAIVER is a feat of cronyism that somehow convinced regulators that a WAIVER, which allows the loan officer to set the value, or the SC price to be the value (providing it falls in an internal AVM range ), was actually a sound idea. And people should remember via waiving reps and warranties, a WAIVER relieves lenders of liability for the value and sticks it all to the taxpayer

Would have loved to be privy to the backroom down low on that one -idk the QUICKEN loan (, now ROCKET Mortgage ( a change of name, like Kanye to Ye) influence comes to mind

 

[Zoe]

Talk on the street that mortgage rates may drop by the spring. I believe that is possible. Don't confuse long term mortgage rates with other borrowing rates.

 

[Joe Flacco]

Rates are likely to stay up through most of 2023. 7-8% for the 30 all year.

There is nothing really happening right now with rates where they are to suggest that rates need to move lower. Rates are probably going to move a little bit higher and then stay there for a year.

 

[Elliott]

 

[OSU Beavers]

 

[djd09]

I wonder if sitting back and letting a portion of our business be stolen in the form of waivers and desktop appraisals have any affect? Having a few of those back might help appraisers right now.

Go ask the members of this board who pushed for those products and see if they can help now

if they can waive the low ones, they can waive the high ones. who cares that those fraudulent sales prices are 30% higher then all market sales call it inflation