It’s a zany world we live in, and forecasts and predictions mean little (as seen by interest rates this week). Where should we start? Rumors of mortgage folks who travel with a wrench and shower head to change out hotel fixtures. Nah, that can’t be. Congratulations to Chicago which heads up the list of Best Places to Ride a Bike Naked. The 50 Greatest Names in Mortgage Lending was posted by Rich Swerbinsky of The Mortgage Collaborative. Remember photos of the snow monkeys in Japan relieving their stress in hot springs? Well, they’re done relaxing and have begun attacking humans, like some kind of science fiction movie. (That won’t help tourism!) What happens when William Shatner drops his wallet at a Gilroy, CA fruit stand? Alright, enough fun. Fannie Mae released its earnings this morning, reporting $4.7 billion of net income for the second quarter of 2022 and its net worth reaching $56.4 billion as of June 30, 2022. Fannie saw $111 billion of single-family home purchase acquisitions in the second quarter of 2022, of which nearly 50% were for first-time homebuyers. (Today’s podcast is available here and today’s has a discussion with an interview with Frank Fiore on APIs and how technology can bring down the cost of origination. This week’s is sponsored by Candor. With Candor’s Machine as an Underwriter, lenders modernize their manufacturing infrastructure making them immune to margin, capacity, and staffing challenges forever.) Lender and Broker Services and Software
Source: Mortgage News Daily