Mortgage News | Ep. 432

D.O. unpacks the latest mortgage industry news, discussing the Department of Justice's involvement in the Realtor commission lawsuit, the class action lawsuit against United Wholesale Mortgage (UWM), and potential regulatory changes from the Consumer Financial Protection Bureau (CFPB) regarding mortgage loan originator compensation. 🤓
Referenced Articles:
The DOJ and NAR Commission Lawsuit Settlement: news.bloomberglaw.com/antitru...

Brian Levy on UWM:
mortgagemusings.com/f/ed-75-u...
Zillow Article:
www.zillow.com/research/mortg...
Where housing inventory is growing most:
www.datawrapper.de/_/u5h9t/?u...
The cost of owning should NOT include utilities and insurance & taxes are debatable:
www.realestatewitch.com/homeo...
Weekly Newsletter: tloponline.com/#weekly-newsle...
#theloanofficerpodcast #tlop #mortgagenews
00:00 Introduction to Regulatory Changes and Industry Impact
03:31 Deep Dive into the DOJ vs. NAR Case
15:01 UWM Class Action Lawsuit Explained
27:01 Economic Indicators: Lock-in Effect and Mortgage Trends
40:01 Market Spotlight: Regional Housing Inventory Trends

[@karellouden6469]

John is a whole vibe so like unbothered. lol.

[@TheLoanOfficerPodcast]

😆

[@thenoobentrepreneur4493]

❤❤big facts!! “ ppl still wanna move here Florida “ I’m looking in Naples/Fort Myers… ppl ready to buy will still do so.

[@thenoobentrepreneur4493]

I can’t believe this episode .🔥🔥we just redid all our bathrooms at same time during the 🦠 . Definitely relate to Dustin’s story but JC smh not everyone has a pop star finish.. what in the rainforest and steam room are you speaking of😂.. team home depot. Those types of spas you refer are a lot to maintain ❤

[@citystarproductions6703]

Have yall ever heard of negative interest rates? If so how would this affect someone as a mortgage originator like D.O. If the mortgage company sells their debts to the big banks , why would the big banks buy it if by the time it matures its less? And do you think it’s possible we would ever see negative interest rates?

[@dustinowen1191]

Yes. Several European countries and even Japan had negative interest rates at one point a couple years ago. Here in the states I have read nothing that would make me believe that is on the table or even has been. Those negative rates were on their country's version of our Fed Funds Rate.. Most mortgages in the US get packaged into securities (bonds) and then sold into the secondary market. Even the big banks don't own them. The big banks just service the debt on behalf of the bond holders. These bonds are similar to 10-year treasuries in terms of how they are bought, sold and traded. They have a price and they have a yield. Their price and yield change daily just like the price of Tesla stock changes daily.

[@thanksmisfortune]

@@dustinowen1191excellent explanation.

[@TheLoanOfficerPodcast]

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