app

Apache is functioning normally

Want to learn how to make $1,000 in 24 hours? While it’s not as easy as making $100 in a day, you do have some options. Some may allow you to make $1,000 right away, and others may mean that you have to build up to reach this level. Perhaps you’re looking for extra money…

Want to learn how to make $1,000 in 24 hours?

While it’s not as easy as making $100 in a day, you do have some options.

Some may allow you to make $1,000 right away, and others may mean that you have to build up to reach this level.

Perhaps you’re looking for extra money to pay for an unexpected bill that popped up (like a car repair or medical bill!), or maybe you’re just looking to increase your income by having a $1,000-a-day income goal.

Key Takeaways

  • The fastest way to make $1,000 quickly is to sell stuff from around your home, like electronics, jewelry, or nice furniture.
  • Freelance jobs like consulting and writing can pay a high income.
  • Jobs in the gig economy, like driving or delivering, can make you money right away, and you can stack them with others to increase your daily earnings.
  • $1,000 a day in passive income is possible through starting an e-commerce business, a blog, and selling digital products (like a course or printable).

Best Ways To Make $1,000 In 24 Hours

Here are the best ways to make $1,000 in 24 hours.

1. Sell stuff online and near you

If you want to learn how to make $1,000 by tomorrow, then the fastest option is usually to find items in your home that you already own to sell.

This is because you already have stuff in your home (the average household has over 300,000 items!!) – so you may be able to sell something to make quick cash.

So, these would either have to be a lot of items or more expensive items. For example, you could sell clothing or gift cards, something big like a piece of furniture, electronics (maybe a gaming system or computer?), or a piece of jewelry.

Here are places where you can sell your stuff:

  • eBay: This site is great for unique or collectible items.
  • Amazon: Good for books, electronics, and almost everything. Here’s a helpful article to learn more – How To Work From Home Selling On Amazon FBA
  • Craigslist: The site has a wide range of categories for selling in your local area.
  • Facebook Marketplace: Connects you with local buyers.
  • Pawn shops: Quick cash for things like jewelry.
  • Flea markets: Rent a booth for the day and sell homemade items.
  • Garage sales: Set up a sale in your yard.
  • Poshmark: Easy online marketplace to sell clothing online.

To sell your stuff for the most money, make sure you take clear pictures, write honest descriptions (is there a tear or a stain?), price items competitively, and clean your items to make them more appealing.

And, always remember to stay safe by meeting in public spaces and avoid sharing personal information. With some effort and strategic selling, you can reach your $1,000 goal.

2. Start a blog

Starting a blog is not a quick way to make money, but it can be a stepping stone to making $1,000 in a day.

Plus, it’s my favorite way to make money online. In fact, I earn over $1,000 a day with this blog. So, I know that it is possible (don’t assume that means it is easy – it is not easy, trust me!).

Here are some steps to get started with a blog:

  1. Set up your blog:
    • You’ll want to start by choosing a topic to write about, such as finance, family, travel, food, etc.
    • Purchase a domain name (this is basically the name of your blog).
    • Select a hosting service and install WordPress (you can find my tutorial for this here).
  2. Write blog posts:
    • Write helpful and fun blog posts.
    • Publish a blog post at least once a week.
  3. Monetize your blog:
    • Affiliate Marketing: Include affiliate links in your posts.
    • Sponsored Posts: Partner with brands for sponsored content.
    • Ad Revenue: Sign up for Google AdSense, Mediavine, Adthrive, or another display advertising company.
  4. Drive traffic:
    • Promote your content on social media.
    • Engage in community related to your niche.
    • Guest post on other blogs to find new readers.

I recommend taking my How To Start A Blog FREE Course. In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.

10

Want to see how I built a $5,000,000 blog?

In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.

3. Freelance writing

Freelance writing can be a great way to make money quickly.

I have been a freelance writer for years, and I also know of many other freelance writers who are able to earn $1,000 in a day. For a freelancer who writes high-quality articles, a $1,000 day is simply a normal day for them.

Sites like Upwork, Fiverr, and Freelancer have plenty of writing opportunities across many different industries. If you can write quality, original content quickly, it’s possible to reach your goal of $1,000 by taking on multiple writing assignments.

You could also try cold pitching, which is where you find businesses that could benefit from your writing services and send them an email about how you can help them achieve their goals with your writing.

To make $1,000 in a day as a freelance writer, you may want to focus on your existing network as well, if you have one. So, this means that you may want to reach out to former clients or colleagues who might need your writing services.

4. Real estate investing

Although real estate investing requires up-front cost and time, you may be able to build up to earning $1,000 a day.

$1,000 a day is $365,000 a year, which some real estate investors are able to earn through methods such as:

  • Renting out a home on Airbnb
  • Flipping properties for income
  • Investing in REITs

And more.

Recommended reading: How This 34 Year Old Owns 7 Rental Homes

5. Affiliate marketing

Affiliate marketing is my favorite way to earn money, and it helps me to earn $1,000+ a day here on this blog.

With affiliate marketing, you are promoting products or services on your website, email list, or social media account. If you get someone to sign up or purchase through your referral link, you then earn a commission.

Most products that you can think of have an affiliate program too, so there are plenty of things you can share.

Think about sharing books from Amazon on your blog, for example. You share a link to a specific book and tell your readers to buy it through your special link. Companies like Amazon like affiliates who bring in good traffic because it helps them make more sales.

Here’s a helpful article where you can learn more: What You Need To Know About Affiliate Marketing For Beginners + How 17 Bloggers Earned Their First Affiliate Income

6. Making money on YouTube

Creating a successful YouTube channel can lead to you making an income. While it’s unlikely to make $1,000 within 24 hours from right now, you may be able to get up to that amount by building a following on YouTube by consistently producing high-quality videos.

I know several YouTubers who are able to make $1,000 each day through their YouTube channel.

Here’s a breakdown of some different ways to make money with a YouTube channel:

  • Ad revenue – Once part of the YouTube Partner Program, you can earn money through ad views on your videos. You’ll need at least 1,000 subscribers and 4,000 watch hours in the past year to join.
  • Channel memberships – Your fans pay a monthly fee for special perks like exclusive badges, emojis, and access to members-only content.
  • Super Chats and Super Stickers – During live streams, viewers can purchase Super Chats and Super Stickers to highlight their messages. This is a direct way to earn as you interact with your audience.
  • Affiliate marketing – Promote products within your videos and include affiliate links in the video description. You’ll earn a commission for every sale made through your links.
  • Sponsorships – Companies can pay you to create content that features their products, especially if your content aligns with their brand, and you have an engaged audience.

7. Drive with Uber or Lyft

Driving for a rideshare service such as Uber or Lyft can make you money, but it might be difficult to make $1,000 in one day. It can help you to reach a $1,000-in-24-hours goal, though, by stacking it with other side hustle opportunities.

Also, there are things you can do like focusing on high-demand areas and driving during peak hours to increase the amount of money that you can earn.

I know of several people who only drive for these gig apps when they know that they are able to make the most amount of money. This is because you may be able to earn hundreds of dollars extra each day or week by timing when you drive.

Here’s a strategy to boost earnings:

  1. Drive during peak hours – Surge pricing during busy hours means higher rates.
  2. Look for driving bonuses – Look out for streak bonuses and other incentives. Uber or Lyft will list these in the app.
  3. Manage your car expenses – Keep track of your gas, maintenance, and other costs to maximize profits.
Peak Times Potential Earnings Boost
Rush Hour (AM/PM) Increased Surge Pricing
Weekend Nights In Nightlife Areas High Demand, More Rides
Events (concerts, sports games, etc.) Surge Pricing, Bonuses

To reach your goal, you should know about your city’s traffic and when people need services. Getting $1,000 in a day is tough, but with a good plan, hard work, and a bit of luck, it’s something you may be able to work toward.

Other gigs related to this include driving for Instacart, Doordash, Uber Eats, and other food delivery services to earn cash. They won’t earn you $1,000 in a day, but they can be another way to make money.

8. Sell printables on Etsy

Designing and selling printables on Etsy, such as planner pages or art prints, is a creative way to make passive income. While reaching your goal of $1,000 quickly might be a challenge, growing your Etsy store can lead to long-term earnings.

I know of several successful printables sellers, and it is something that I would like to start one day as well. This is an area that I think will just continue to grow. Printables are very popular these days, and more and more people use them all the time. I personally buy printables all the time, and I find them very easy to use and helpful.

Printables are digital items that you can download and print at home, such as grocery shopping checklists, budget planners, wedding invitations, wall art, and more.

I recommend signing up for the Free Workshop: How To Earn Money Selling Printables. This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.

Recommended reading: How I Make Money Selling Printables On Etsy

Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.

9. Sell your engagement ring

Selling jewelry, such as an engagement ring, can lead to you making money fast for when you need money right away.

If you really need the money and don’t mind parting with your engagement ring, then this may be an option for you to look into.

The value of your ring will depend on several factors, including the 4 Cs — cut, color, clarity, and carat weight — of the diamond, as well as the metal type and current market conditions.

One company I recommend looking into is Worthy.

Worthy sells wedding rings, loose diamonds, earrings, necklaces, bracelets, and luxury watches. They take care of everything, including appraisals and getting payment from the buyer.

You send your jewelry to them using a label they give you, and it’s insured. They put your item up for auction, and professional jewelry buyers can bid on it (you can set a minimum price). After the auction, you get the sale amount minus Worthy’s fee.

It usually takes around 2 weeks for the whole process, from sending the ring to getting paid.

Pawn shops and local jewelers are faster, but they might not give you the best prices. Selling online can make more money, but it takes longer with the auction process.

Recommended reading: How To Sell An Engagement Ring For The Most Money

10. Look for Craigslist gigs that pay

If you’re aiming to make $1,000 in a short span of time, you may be able to find quick jobs on Craigslist. Most of these will be one-time jobs, but there may also be full-time or part-time jobs.

To find Craigslist gigs in your town, just go to Craigslist and look for the “gigs” section.

Here are some jobs I found through a quick search:

  • Help loading and unloading a moving truck
  • Help with painting a home
  • Pet sitting and dog walking
  • Taking online surveys
  • Delivery driver
  • Data entry
  • Turning photographs into digital copies
  • Transport and install a microwave 
  • House cleaner

Related reading: How I Earned $655 From Random Craigslist Jobs In One Month

11. Rent out your unused storage space

If you have extra space at home, you can rent it out to people in your area for storage. This could be a garage, driveway, closet, basement, or even an attic.

While reaching $1,000 in a single day would definitely be a stretch, renting out your space could give you a long-term income that you stack with other jobs on this list to make $1,000 a day.

You can use a website called Neighbor to list any extra space you have for rent, and you could make up to $15,000 per year.

You can also learn more about Neighbor at Neighbor Review: Make Money Renting Your Storage Space.

12. Consulting

If you’re really good at something, like business or marketing, selling consulting services can make you a good amount of money. You can charge more because of your expertise, and it’s doable to reach your $1,000 goal by taking on a few well-paying consultations.

I know several consultants who are able to make a very high income, in fact.

Companies hire consultants to get outside knowledge, a fresh viewpoint, and handle specific issues better.

Here’s how to start selling consulting services:

  1. Identify Your Expertise – What are you good at? It could be marketing, finance, management, technology, or any other area where people seek expert advice.
  2. Set Your Rate – Determine an hourly rate that reflects the value of your consultation. As a point of reference, if you charge $250 per hour, you would need to book four hours of consulting to meet your goal.
  3. Network – Reach out to your professional network and let them know about your consulting service. Recommendations can go a long way.

13. Ask for a raise or for more hours

Talking to your boss about a raise might not get you $1,000 in a day, but negotiating a higher salary can be a good long-term strategy to make more money each year.

When approaching your employer about a raise, preparation is key.

  1. Demonstrate your value – Before the meeting, compile a list of your accomplishments, contributions, and any additional responsibilities you’ve taken on.
  2. Research market rates – Know the industry standards for your position and experience level to set a realistic raise request.
  3. Time your ask – Ideally, schedule this conversation after a significant achievement or during a performance review.

Another way to increase your income at the job you already have is by working overtime. If you are paid hourly, you can see if your employer needs you to work any extra.

14. Sell an online course

If you know a lot about something, you can make and sell an online course. Websites like Teachable and Udemy let you create, host, and sell your course. While you might not make $1,000 right away, getting students over time can bring in a good amount of money.

I have an online course that I sell, Making Sense of Affiliate Marketing. I have also taken many online courses, such as on helping my toddler get better sleep, speech therapy for parents, business courses, blogging courses, and so much more.

And, these are all created and run by people like you and me.

There are many other things you can teach in an online course, such as:

  • Painting
  • Music lessons
  • Fitness and exercise
  • Time management tips
  • Parenting
  • Languages
  • Computer programming
  • Personal finance
  • Traveling
  • Photography and photo editing
  • Plants and gardening 
  • Baking and cooking
  • Arts and crafts
  • Dropshipping

And so much more!

How Can I Get A $1000 Loan Within 24 Hours?

So, after reading the above, maybe you realize that you need $1,000 quickly and the above won’t work out for you fast enough. If that’s the case, then a loan may be another option to look into.

If you need a $1000 loan in 24 hours, first look at your options. Check if you can use your own things for quick cash. If not, check out personal loans and other ways to borrow money, but be aware that quick loans like these typically have very high interest rates that can be hard to pay off.

1. Assess your credit score: Your credit score plays an important role in your interest rate and terms of a personal loan. Generally, a higher score increases your chances of getting approved for loans with lower interest rates.

2. Explore online lenders: Some online lenders offer loans within a day, so you can get a $1000 loan in 24 hours. Fill out an easy application and compare the terms and payment choices from different lenders to pick the best one for what you need.

3. Look for short-term loans: If time is really important, you may be thinking about short-term loans like payday loans or title loans. They usually get approved faster, but keep in mind, these loans almost always have high interest rates and shorter times to pay back, so please be as careful as you can. You don’t want to go into some crazy debt that you will never be able to pay off.

Frequently Asked Questions About How To Make $1,000 In 24 Hours

Below are answers to common questions about how to make $1,000 in 24 hours.

How can I make a quick $1,000?

To make $1000 quickly, you can start by thinking about selling things you don’t need. Everyone has stuff in their home that they aren’t using – start with those items!

What are the fastest ways to earn $1,000 online?

Some of the fastest ways to earn $1,000 online include:

  • Freelancing with your skills, such as writing, designing, or coding
  • Affiliate marketing through your personal blog or social media channels
  • Creating and selling digital products, like ebooks, graphics, or courses

This really depends on what your definition of fast is. Some of the above income streams will take longer than others, of course.

Which passive income streams can pay $1,000 quickly?

While passive income streams typically take time to build, there are some options that can make $1000 quickly, such as with:

  • Rental properties, if you own an empty space or have a spare room in your home that you can rent out
  • Dividend-paying stocks, though you’ll need a very large amount of money invested to make that kind of money in a single day
  • Online courses or subscription-based services

The initial setup might take time and effort, but the long-term rewards could be worth it. Learning how to make $1,000 a day in passive income is possible, but it would require a lot of up-front legwork to get you there.

Recommended reading: 18 Passive Income Ideas To Earn $1,000+ Each Month

Which freelance jobs can generate $1,000 within a day?

Earning $1000 within a day of freelancing is ambitious, but it’s possible through high-paying gigs and opportunities like:

  • High-ticket sales or consulting services, where you share valuable advice and expertise
  • Technical jobs, like IT consulting or software development, if you have in-demand skills
  • Creative projects with tight deadlines, such as writing marketing copy for advertisements, web design, and graphic design

Learning how to make $1000 in 24 hours online through freelancing is possible, but it will take you some time to get to this point.

How To Make $1,000 In 24 Hours – Summary

I hope you enjoyed this article on how to make $1,000 in 24 hours.

While some may earn you $1,000 in the next 24 hours (such as selling an expensive item that you already own – like jewelry or a gaming system), others may take you time to earn $1,000 in a 24-hour time period.

Some on this list may be a full-time job, and others may be part-time or even one-time odd jobs (such as on Craigslist).

Getting $1,000 in a day might seem hard, but with the right plans and effort, it is doable. Whether you have a surprise expense that you need to pay for, want to boost your savings, or simply just want to start making more money, making money at this level is possible.

Have you ever needed $1,000 fast? What have you done to make $1,000 quickly in the past?

Recommended reading:

Source: makingsenseofcents.com

Apache is functioning normally

Huge Rally as Dots Deliver and Powell Stays Out of The Way

By:
Matthew Graham

Wed, Dec 13 2023, 5:02 PM

Huge Rally as Dots Deliver and Powell Stays Out of The Way

It may have seemed that we were paying too much attention to today’s dot plot on the approach, but hindsight suggests it could not have been overdone.  Rates plummeted as the dots revealed that September’s big revision was completely erased (in Sept, Fed members priced in 50bps of “higher for longer in 2024”).  After the dots, some market watchers worried that Powell would push back on the rally in order to temper the volatility.  He did not.  He simply said the same things he’s been saying.  Hikes are likely done unless data manages to surprise in an inflationary way.  Bonds rejoice across the curve.

    • Core PPI m/m
      • 0.0 vs 0.2 f’cast

09:46 AM

Gradually stronger overnight with modest additional gains after PPI data.  MBS up 5 ticks (.16) and 10yr down 4bps at 4.17.

10:24 AM

Some illiquidity in MBS, currently up 3 ticks (.09), but briefly showing as being down more than an eighth.  10yr down 3.6bps at 4.174

01:35 PM

A bit weaker ahead of the Fed.  MBS still up 1 tick (0.03) but down 3-4 ticks from highs.  10yr down 4.4bps on the day at 4.166.

02:07 PM

First move is stronger after the DOTS.  10yr down 11bps at 4.10.  MBS up half a point in 5.5 coupons.

03:36 PM

Mostly holding massive gains seen during Powell’s press conference.  10yr down 18bps at 4.03.  MBS up nearly a point in 5.5 coupons and nearly 5/8ths in 6.0 coupons.

 Download our mobile app to get alerts for MBS Commentary and streaming MBS and Treasury prices.

Source: mortgagenewsdaily.com

Apache is functioning normally

Super Jumbo, HELOC, DSCR, CRM Texting, Servicing Rights, QC Products; Fannie/Freddie Updates

<meta name="smartbanner:author" content="We now have a native iPhone
and Android app.
Download the NEW APP”>


This website requires Javascrip to run properly.

Super Jumbo, HELOC, DSCR, CRM Texting, Servicing Rights, QC Products; Fannie/Freddie Updates

By:
Rob Chrisman

Tue, Dec 12 2023, 10:14 AM

Today I head to Northern California, home of plenty of technology. The other day I went to the doctor and the receptionist handed me a tablet and said, “Please fill out these medical forms on the screen, which are identical to the ones you filled out earlier online, and have the exact same questions your doctor will ask you later in the exam room.” Great. There’s nothing like old-fashioned printed things. I am sure that menu Quick Response (QR) codes are fine, but plenty of other QR codes are not: beware! “The Federal Trade Commission (FTC) warned the public against scanning any old QR code in a consumer alerts blog last week. Naturally, the warning comes down to security and privacy: bad actors can put QR codes in inconspicuous places or send them via text or email, then just sit back and wait for a payday in the form of money, logins, or other sensitive information. Lord knows that the mortgage industry has enough challenges from lousy characters without more of it coming our way! (Today’s podcast can be found here, and this week’s is sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology and other services to the mortgage industry for almost four decades. Today’s has an interview with Clear Capital’s Kenon Chen putting a bow on the real estate market in 2023 and why 2024 brings reasons for optimism.)

Lender and Broker Products, Programs, and Services

Are you missing out on originating more government-backed loans? A whopping 44 percent of purchase loans for 1–4-unit properties in the top 10 MSAs in the United States would be potentially eligible for down payment assistance. That’s according to a newly released Urban Institute (UI) study. UI partnered with Down Payment Resource (DPR) to analyze 2022 HMDA data and DPA data from the 10 largest MSAs. Among the findings, the report says that across channels, FHA and USDA loans are most likely to be eligible at 80 and 82 percent, respectively and that FHA and USDA loans are generally eligible for a greater number of programs than conventional or VA loans. For more insight into how DPA programs could help you fund more government-insured mortgages, schedule a demo with the DPR team.

TENA Companies, Inc. is your partner for achieving Mortgage Quality Control excellence in 2024 and beyond! In today’s challenging market, Quality Control remains paramount. Protecting the integrity of your firm’s portfolio, maintaining compliance, and reducing risk is critical in the current lending environment. TENA’s industry-leading team of skilled auditors have unmatched experience and knowledge of every facet of Mortgage Quality Control operations, ensuring your firm minimizes risk and stays compliant from Pre-Funding to Post-Closing to Servicing. Our tailored Mortgage QC services and SecondLook Software deliver all the tools needed to ensure loan quality remains high, providing your firm with peace of mind as we enter the New Year. Don’t just adapt; lead with confidence. Contact TENA today to get started and position your firm for Quality Control success in 2024!

“Technology for technology’s sake is useless.” That’s the mindset that drives the mortgage technology experts at ICE as they modernize the American homebuying process via digital solutions built with a purpose. Watch here as HousingWire’s CEO Clayton Collins sits down with Sandra Madigan, EVP of Product Strategy at ICE Mortgage Technology, to discuss the careful consideration it takes to effectively “digitalize” the mortgage industry. You’ll learn how ICE is unifying all parts of the homebuying journey and how that digitalization impacts homeowners, as well as back-office teams who support consumers. Catch the full interview here to hear how ICE is approaching product development and helping to improve the homebuying and homeownership process end-to-end, and which aspects of the mortgage experience the industry needs to digitalize next.

“If Fed fund futures are right, by the time we all meet at next year’s MBA Secondary, the Fed may have already cut once and may even be on their way to a second cut! Right now, MSR valuations are “hanging in there” but Fed cuts will likely erode some of the value from ‘float’ on escrow. Blue Water (“Blue Water Financial Technologies Services, LLC”) can assist lenders to sell bulk MSR, regardless of size. With BlueRATE™, a lender can obtain an instant portfolio valuation and then determine what to sell – whether it be a small geo carve or the entire MSR portfolio. Blue Water can also assist in moving your product quickly with Blue Water’s proprietary SuperTransfer™. With SuperTransfer™, transferring the portfolio to a buyer is easier than ever. Connect with our expert Sales Team to learn more.”

Have you heard about the laws the FCC and the TCPA have implemented for the new A2P 10DLC requirements, to try and stop the junk texting? Hopefully, you have because the fines for noncompliance are serious. Are your salespeople texting their databases? Since ALL texting through mortgage CRMs falls under this federal law, it is imperative that you utilize texting legally and compliantly. What have your CRM providers done to help you navigate this challenging compliance landscape? Usherpa is pioneering the way on this front, making sure they’re texting platform was built to the letter of the law, ensuring that their clients are not exposed and are utilizing texting legally. Click here to learn more about the regulations and what you need to do to be compliant. Share this Infographic with your team.

Correspondent and Wholesale Programs

“Long-term Rental or Vacation Rental? Visio Lending is the nation’s leader in Non-QM Investor DSCR loans for buy and hold SFR rentals with nearly a decade of experience and over $2.5 billion in originations. No-DTI, 30-year terms, rate buy downs, free 45-day rate locks; I/O and Sub-1 DSCR options available. Through our top-notch Broker Program, brokers are able to earn up to 2 points YSP, and 5 points total. Visio Brokers can count on a designated Account Executive and in-house processing.”

Yesterday, December 11, Symmetry Lending launched its new First Lien HELOC! This new solution presents an opportunity for mortgage brokers and loan officers to extend their reach and offerings to even more of their client base, helping to drive new business and extend borrower relationships in a still-challenging market. In addition, brokers will be able to collect 1.5 percent on the draw amount (with no maximum!) for Symmetry’s First Lien HELOCs! This new product launch is a major win for brokers, loan officers, and borrowers alike. Contact your Symmetry Area Manager for more product details and support with presenting this product to your clients.

“Axos Bank’s Wholesale & Correspondent and Warehouse lending teams wish you and yours a happy and prosperous 2024! Our teams are here to help you achieve your goals in the year ahead. Axos’ innovative mortgage solutions include Super Jumbo ($3MM+) loans, buy-before-sell options, and cross-collateralization programs. Check out our rates on our Quick Pricer today or contact J Shoop, National Sales Director, for additional details. And our Warehouse Lending team can help you gain the flexibility and liquidity that’s needed to become a top originator in today’s market. With our expanded product eligibility, investor relationships, and extended cutoff times (6:15 p.m. ET), achieving success has never been easier. Take the opportunity to meet our team at the IMB conference in New Orleans Jan. 22-24. To secure a meeting time, simply reach out to Eric Nelepovitz and Justin Castillo via email, or call 888-764-7080.

Conforming Conventional News

Freddie Mac has launched DPA One® to help mortgage lenders quickly find and match borrowers to down payment assistance programs nationwide. DPA One is an innovative new tool that aggregates and showcases down payment assistance programs in a single, standardized, insights-rich tool so lenders can quickly and efficiently access and compare programs to help make home possible for more families. Loan officers and down payment assistance program providers can visit the DPA One website for more information and to request a demo.

Fannie Mae posted Lender Letter LL-2023-09, confirming Conforming Loan Limit Values for 2024. The new loan limit for most of the country will be $766,550 — a 5.56 percent increase over the 2023 limit and is effective for whole loans delivered to Fannie Mae and loans in MBS pools with issue dates on or after Jan. 1, 2024. View the Loan Limit Look-Up Table.

Fannie Mae is partnering with Freddie Mac to develop standardized subordinate lien documents. This is part of a comprehensive effort to expand access to down payment and closing costs assistance programs. Access down payment assistance information.

Freddie Mac Guide Bulletin 2023-24 announced updates pertaining to 2024 conforming loan limit values, An additional 10-day pre-closing verification type, Cash-out refinance mortgages, Condominium projects, GreenCHOICE Mortgage® enhancements, Market condition adjustments. Watch the Q4 2023 Policy Highlights Video. See highlights from all of the Guide updates this quarter in the Q4 2023 Policy Highlights video.

The Uniform Property Dataset (UPD) was implemented into Fannie Mae’s Property Data API on December 1st and is now available for lenders to use with Fannie Mae’s value acceptance + property data offers. Use of the UPD will be required as of April 1, 2024, when Fannie Mae’s proprietary Property Data Standards v6 will be retired. Visit the UPD page for more information.

Capital Markets

Hasbro, the toy company, is laying off 1,100 of its employees, equal to 20 percent of its workforce. An isolated situation or an indication of the overall economy?

The Fed’s Federal Open Market Committee’s two-day meeting kicks off today in Washington D.C. The Fed is nearly assured to maintain interest rates at current levels of 5.25 percent to 5.50 percent for its last decision of the year. The Fed’s policy statement will likely acknowledge the recent decline of inflation and the bank will release its latest dot plot, which will indicate how many rate cuts the Fed expects next year. Chair Powell will likely emphasize that the Fed is still willing to hike if inflation proves stickier than expected. Forecasts are for the Fed to make the first rate cut of this cycle in June.

Outside of the Fed, there was a 10-year note auction yesterday and there is a 30-year bond auction today. The $37 billion 10-year note auction met underwhelming interest, but the market held its ground. The 10-year Treasury yield has fallen around 80 basis points from its mid-October peak as more confidence that the Fed will start reducing interest rates in the next six months has been priced into the markets. Agency MBS have followed to some extent, but prepayment fears are not helping MBS investor appetites.

Prior to the start of the FOMC’s two-day meeting, today’s economic calendar kicked off with the NFIB Small Business Optimism Index for November. More importantly, the consumer price index for November is also out. Headline CPI came in +.1 percent, +3.1 percent year over year, versus 0.0 percent month-over-month and 3.2 percent year-over-year previously. Core CPI increased .3 percent as expected month-over-month and 4.0 percent year-over-year expectations. Later today brings the aforementioned $21 billion reopened 30-year bond auction and the Federal budget for November. Remember that the last 30-year bond auction was weak, so this one will be closely watched. We begin the day with Agency MBS prices better than Monday afternoon by a solid .250, the 10-year yielding 4.16 after closing yesterday at 4.24 percent, and the 2-year at 4.65.

Employment

Movement Mortgage is looking ahead to more in 2024! Movement is investing in LOs through its More in ’24 bootcamp, a ground-breaking curriculum designed to help build momentum in business and drive new levels of success in 2024. Weekly coaching call topics include mining for gold in your database, setting a strategy for your 2024 business plan, creating stellar follow-up systems, building referral partnerships that last and more. More in ’24 is just one of the ways Movement is helping LOs close out 2023 strong and set a plan to jump start 2024. Are YOU ready for more in ’24? Reach out to Sarah Middleton, Movement’s Chief Growth Officer, today to learn more about Movement! Plus, Movement offers new loan officer hires 90 days of free one-on-one coaching with Movement top producers. Reach out today and join the Movement!

A veteran group of mortgage bankers is interested in purchasing a small wholesaler in good standing and that has its “tickets” with Fannie, Freddie, and Ginnie. Loan production volume is not a priority. Interested parties should send me a confidential note for forwarding.

 Download our mobile app to get alerts for Rob Chrisman’s Commentary.

Source: mortgagenewsdaily.com

Apache is functioning normally

Surprisingly Resilient Despite Stronger NFP

By:
Matthew Graham

Fri, Dec 8 2023, 5:07 PM

Surprisingly Resilient Despite Stronger NFP

Nonfarm Payrolls (NFP)–the headline component of the big jobs report came in higher than expected today.  Adding to the challenges for the bond market, the unemployment rate ticked down to 3.7% from 3.9% previously (also the forecast for today). Given the stakes, we wouldn’t have been surprised to see a sharper spike in rates today.  Treasuries know… They spiked 8bps–not huge, but in the range of likely reactions based on the data.  So what’s up with MBS only losing an eighth of a point?  It’s not a duration issue (after all, 5yr Treasuries had a worse day than 10s).  One of the only ways to reconcile the outperformance is to consider apprehension ahead of next week’s Treasury auction cycle.  Everything else that merits apprehension (like CPI and Fed Day) would apply to MBS as well as Treasuries.

    • Nonfarm Payrolls
      • 199k vs 180k f’cast, 150k prev
    • Unemployment Rate
      • 3.7 vs 3.9 f’cast, 3.9 prev
    • Participation Rate 
    • Wages
      • 0.4 vs 0.3 f’cast, 0.2 prev
    • Consumer Sentiment
      • 69.4 vs 62.0 f’cast
    • 1yr inflation expectations
      • Down 1.4% (huge move)
    • 5yr inflation expectations

08:39 AM

Modestly weaker before jobs data and much weaker after.  10s up 9.5bps at 4.243 and MBS down half a point.

10:59 AM

MBS off weakest levels, mostly due to improved liquidity, now down 9 ticks (.28) on the day.  10yr up 9.9bps at 4.247

12:03 PM

Back to weakest levels now with 10s up 11+ bps at 4.26.  MBS down roughly 3/8ths in 6.0 coupons and half a point in 5.5 coupons. 

02:29 PM

Back up to the best levels of the day now.  MBS down only an eighth.  10yr recovering as well, up 8.3bps at 4.231.

04:45 PM

MBS going out at highs, but not really higher than the last update (still down an eighth).  10yr also in similar territory, up 8bps at 4.228.

 Download our mobile app to get alerts for MBS Commentary and streaming MBS and Treasury prices.

Source: mortgagenewsdaily.com

Apache is functioning normally

Looking for the best coupon sites? Coupon sites can help you save money, get free gift cards, and even allow you to get free stuff. Everyone likes getting a good deal. Using coupons is a great way to save money on things you buy every day. Now, with online shopping becoming more popular, there are…

Looking for the best coupon sites?

Coupon sites can help you save money, get free gift cards, and even allow you to get free stuff.

Everyone likes getting a good deal. Using coupons is a great way to save money on things you buy every day. Now, with online shopping becoming more popular, there are websites that give you a lot of good deals. These sites not only have discounts and codes to save money but also share useful tips to help you save even more.

Key Takeaways

  • Coupon sites are an easy way to save while shopping online.
  • The best coupon sites have a variety of money-saving options including cash back, promo codes, and even price checking.
  • My favorite for cash back is Rakuten.
  • My favorite promo code browser extension is Capital One Shopping.
  • My favorite for saving money on gas is Upside.

Recommended reading: Is Couponing Worth It?

15 Best Coupon Sites To Save Money Every Day

Below are the top coupon sites that I recommend trying out.

1. Rakuten

Rakuten (formerly known as Ebates) is a popular cash back site that gives you cash back on a wide range of items that you can buy online, and you can earn free money for spending how you normally would online.

I have been using Rakuten for years and it is so easy to use, plus it’s free! In fact, I just received my most recent Rakuten payment yesterday for $60.

You simply choose a store where you want to buy things, like Walmart, Target, Sephora, Chewy, or Old Navy on the Rakuten website. (You will start at Rakuten’s homepage, their app, or via their browser extension). Then, you click on the store through Rakuten’s platform, and you shop online there just like you usually do.

The cash back is activated automatically, and it will be added to your account without any extra work needed from you.

Rakuten earns a commission for directing you to the store where you shopped, and they share some of that money with you as a reward. This helps you save money and adds a little extra to your pocket.

Please click here to sign up for Rakuten for free.

2. Capital One Shopping

Capital One Shopping automatically applies coupon codes for many different online stores. Using Capital One Shopping is free, and it’s a browser extension that works with all the main web browsers.

I personally have this browser extension installed on my laptop, and it’s been a no-brainer.

Capital One Shopping is a great promo code site because it automatically adds coupon codes while you shop online. This saves you time and money since you don’t have to search for coupon codes yourself.

This is one of the best automatic savings sites because you don’t need to do anything extra. The Capital One Shopping browser extension does all of the work for you. It checks different coupon codes when you’re checking out and automatically uses the best coupon codes for your purchase.

It’s free to use Capital One Shopping, and it is a browser extension that works with all major browsers.

You shop as you normally do, and the Capital One Shopping app works quietly in the background. I have it on my laptop, and it’s amazing. It helps me find the best deals without any extra effort on my part.

You can sign up for Capital One Shopping here.

3. Swagbucks

Swagbucks is a rewards site where you can get cash back when shopping online and find coupons and promo codes to use.

Some sites listed on Swagbucks where you can get cash back or use promo codes include Kohl’s, Macy’s, Walmart, Amazon, and more.

I personally have been a member of Swagbucks for around 10 years now, and I have earned over 110 free gift cards by using their rewards platform. So, I definitely believe in this site!

Plus, there are also many other ways you can earn points on Swagbucks such as watching videos on their website, scanning your receipts, answering polls, and even searching the web using their search engine.

Here’s how Swagbucks works:

  1. You join Swagbucks through my referral link, and receive a $10 bonus.
  2. Earn points by using their coupon codes or cash back links.
  3. Then, you can redeem your points for PayPal cash or gift cards (such as to Amazon or Walmart).

And, that’s it! It’s very easy.

4. Upside

Upside gives cash back on gas that you buy for your car at gas stations, giving you even more ways to save on your everyday expenses.

Upside helps you find gas stations where you can get cash back on your purchases. Just sign up for a free account, and then use the Upside app to find nearby gas stations.

You can get up to $0.25 cash back per gallon at gas stations, which can add up quickly for doing something that you already have to do (filling up your gas tank).

Plus, there are more than 50,000 locations nationwide, such as Shell, Phillips 66, BP, Casey’s, and more.

You can check out Upside here to learn more.

5. Fetch Rewards

Fetch Rewards isn’t exactly a coupon site, but you do get to earn points for your normal everyday shopping. I use it each time I go grocery shopping!

With Fetch Rewards, you get points by taking pictures of your receipts and submitting them through the Fetch Rewards app. This works for receipts from any store, whether it’s a grocery store, clothing store, restaurant, gas station, and more.

Afterward, you can exchange the points you’ve earned for gift cards.

Here’s how Fetch Rewards works:

  1. Shop like you normally would.
  2. Scan your receipt with your cell phone after you’re done shopping.
  3. Earn points on Fetch Rewards automatically.

You can sign up for Fetch Rewards here.

6. RetailMeNot

RetailMeNot is a site that has coupons, promo codes, and cash back offers.

They have a deal finder extension which automatically applies coupon codes as well as gives you cash back up to 10% when you shop online.

Popular stores available through RetailMeNot include Amazon, Target, Ulta, Lowe’s, Zales, American Eagle, and more. There are over 30,000 stores available on this site, so I’m sure you’ll find some easy savings by using this platform.

7. Honey

Honey (also known as PayPal Honey) is a browser extension that finds coupon codes for you when you shop online.

You simply just install the Honey browser extension, and then it automatically finds and applies available coupon codes and promo codes to your shopping cart so that you can save money. It works with over 30,000 stores, such as restaurants, clothing stores, travel booking, and more.

You can then redeem your points for cash, gift cards, or PayPal shopping credits.

You can learn more about Honey by clicking here.

8. Groupon

Groupon has deals on experiences, products, and services in your local area, and you can find discounts on dining, entertainment, travel, and more, all designed to help you save while supporting local businesses.

You’ve probably heard of Groupon before, but perhaps you haven’t used it in a while. Yes, it is still around and my sister actually uses Groupon all the time! I haven’t used it in forever, but I plan on changing that – I simply just forgot about how great this platform is.

You can use Groupon to get deals where you live, such as for restaurants or spas near you. Or, you can also use them when you’re on vacation to get deals on activities (such as tours), admissions to museums, discounted restaurant meals, and more.

For example, here are some deals on Groupon that I found:

  • A massage for $46.75 (full price is $75)
  • A meal at a restaurant for $21.38 (full price is normally $35)
  • Admission to an aquarium for $14.96 (normal price is $24.99)

Here’s how Groupon works: You simply browse on the Groupon site for a deal you’re interested in. You then buy it directly on Groupon. Then, to use it, you simply go to the business and present your Groupon to get your deal (make sure to follow any terms too).

Please click here to find Groupon deals near you.

9. Ibotta

Ibotta is an app that gives you cash back on your grocery purchases (as well as many other stores). You can check out offers, upload your receipt, and receive cash back credited to your account.

You can get cash back at places such as Home Depot, Best Buy, Walmart, Sam’s Club, and your local grocery stores.

You can earn cash back both online and in-store with Ibotta, making it unique compared to other companies. Additionally, you can link your preferred loyalty cards to your Ibotta account, and Ibotta will automatically use loyalty discounts for you.

Please click here to sign up for Ibotta.

10. Coupons.com

Coupons.com has both printable and digital coupons for groceries, household items, baby items, pet care, and personal care products. So, whether you are looking to use coupons for your online shopping or if you want to use them in person at the store, this is a great site to start using.

Plus, it is free!

Coupons.com is used by over 2,000,000 people each year, and they share over 2,000 working coupons each month.

For their free printable coupons, you simply can browse on their site for the coupons that you want to use, print them out, and bring them to the store with you.

11. SlickDeals

SlickDeals is a deal-sharing community where users post and vote on the best deals they find online, with categories ranging from tech to clothing. This is also what sets SlickDeals apart from other coupon sites – the deals are found and shared by people like you and me.

They share coupons, promo codes, and discounts available for you to use.

Over 12,000,000 shoppers use SlickDeals each month, and they have saved over $10 BILLION since the site was started.

12. Amazon Coupons

Amazon Coupons are discounts and deals on products sold on Amazon’s website.

They are super simple to use too!

When you’re shopping for something on Amazon, sometimes it will show you a coupon next to the price. You simply “clip” the coupon before adding the item to your cart, and the discount will be applied at checkout.

I see these all the time and recently used one to save $2.25 on a train set for my daughter. All I had to do was click on the green coupon button next to the price when on the sales page for the train set on Amazon. It couldn’t be any easier!

Another way to use coupons on Amazon is to go to the Amazon Coupons homepage, and see what coupons are available to you.

Some coupons that I see on Amazon Coupons right now include $15 off a pair of walking shoes, 50% off a toaster, and more. There are a ton of coupons available in many different categories such as health, grocery, beauty, electronics, home, toys, and more.

13. Hip2Save

Hip2Save is a blog-style coupon site that shares the latest deals, coupons, and money-saving tips.

This site shares coupons and deals information on many different stores such as Amazon, Aldi, Walmart, Target, Walgreens, and more.

In my opinion, this is one of the best coupon websites, because they help you in so many areas related to saving money and finding the best deals on stuff.

What I love about Hip2Save is that this site shares where you can find the best deals (such as for specific toys or gaming systems) as well as the best deals at a specific store (such as Aldi Weekly Finds Under $10). It’s nice to see what items are currently at a low price and where to buy them.

So, instead of just sharing coupon codes, this platform shares so much more so that you can save the most money and not miss out.

14. The Krazy Coupon Lady

The Krazy Coupon Lady has deal alerts, coupon matchups, discount codes, and money-saving tips for popular stores. They share up-to-date information on the best deals and teach you how to become a smarter shopper.

Some of the stores that you can find deals for include Amazon, Target, CVS Pharmacy, Walgreens, Barnes & Noble, Kroger, and more.

This is a great all-around website that will help you to save more money.

15. Brad’s Deals

Brad’s Deals is a site that shares deals, coupons, and even has shopping guides. Over 5,500,000 people use Brad’s Deals each month, and over $200,000,000 is typically saved each year by their readers.

When Brad’s Deals comes across a good deal, they share it as a blog post so that people don’t miss out. For example, they may share a quick blog post on how you can get luggage for cheap or a good deal on leather gloves that they recently came across.

These deals are all handpicked personally by their team, so you know that these deals are real and not a waste of time.

What Makes A Good Coupon Site?

So, after reading about all of the different top coupon sites above, what actually makes a good coupon site?

As you read above, there are many different coupon sites, so where should you start?

Different things work for different people, so here are some things to look for when choosing a coupon site:

  • Wide range of coupons – It’s easiest when a coupon site has coupons for many different stores so that you can use just one coupon platform.
  • Up-to-date coupons that aren’t expired – A good coupon site should regularly update its coupon database to make sure that you always have access to the latest deals and discounts.
  • Easy to use – The easier to use, the better. I really like browser extensions because they are set-it-and-forget-it; they will automatically apply coupon codes for you. Other things to think about related to this include if the site is available on your cell phone, such as for Android devices or iOS.
  • Reliability – One thing I dislike about some coupon sites is that they give you coupon codes that don’t work. So, it’s a waste of time. Some coupon sites are much better than others and give you real coupon codes (such as the sites above).

You may also want to think about if you are looking for a site that has mainly online retailers or if you are looking to find deals on in-store purchases as well.

The Different Kinds Of Coupons

Another area to think about is the different kinds of coupons and discounts that you may come across.

Manufacturer’s coupons

Manufacturer’s coupons come from the product manufacturer, giving you a discount on their item at any store selling it. These coupons usually last longer and can be found in newspapers, magazines, or online. You can also combine them with store coupons for more savings. Examples include coupons from companies like Procter & Gamble, General Mills, Tide, and Colgate.

Store coupon

Store coupons are meant for a specific store, like Target or Walmart, and can only be used there. You can find store coupons in weekly flyers or on the store’s website, and they are usually designed to get customers to shop at their particular store. For example, you may see a store coupon where a grocery store is giving $5 off any purchase over $100.

Cash back

Cash back offers give you back a part of your purchase as savings. So, you may get 5% back on a purchase at an online clothing store for simply shopping on a cash back rewards site. Unlike coupons, you need to join a cash back website or app, such as Rakuten, Swagbucks, or Ibotta. What’s great about cash back sites is that you can also combine them with other coupons or discounts so that you can save even more money. For example, you can use coupon codes and a cash back website on the same exact purchase.

Coupon code

Coupon codes are combinations of letters and numbers used online to get discounts during checkout (for example, a coupon code could be BLACKFRIDAY123). They are usually tied to a particular product or retailer and can sometimes be used alongside other promotions. You can discover coupon codes on coupon websites, retailer sites, or in promotional emails. Coupon codes are a quick and convenient way to save money on your online purchases, making them a valuable tool for smart shoppers.

Frequently Asked Questions About The Best Coupon Sites

Below are common questions about coupons and how to find the best coupon sites.

What is the best website to get coupons?

My favorite sites to get coupons and discounts include Rakuten, Capital One Shopping, and Upside.

Where do extreme couponers get their coupons?

Extreme couponers get their coupons from many different places, such as newspaper inserts, store sale flyers, online coupon websites like SmartSource, and even by searching on a company’s social media or their website. By using these different sources, extreme couponers can find the most coupons available to them and even build up stockpiles of items at a much lower cost than the retail price.

Recommended reading: 8 Ways To Be An Extreme Cheapskate

Where can I find the best printable coupons?

Websites such as Coupons.com, SmartSource, and RetailMeNot have a lot of different printable coupons for use in stores. To find the best printable coupons, you will want to visit these printable coupon websites and search for the products or brands that you want to buy. Of course, always make sure to check the expiration dates and any specific terms and conditions before printing.

What browser extensions can I use to find coupons?

My favorite coupon code browser extension is Capital One Shopping. This type of tool automatically searches for and applies the best coupon codes to your purchase during the checkout process (and then chooses the highest dollar discount), which makes it easy to save money without spending time manually searching for deals and coupon codes (which can be quite annoying and time consuming). Coupon code browser extensions are available to download on different browsers such as Chrome, Safari, Firefox, and more.

Best Free Coupon Websites – Summary

I hope you enjoyed this article on how to find the best coupon sites.

Just like online stores have changed how we shop, coupon websites have also made saving money different. We don’t need to cut out paper coupons anymore (but, you definitely can if you want to as there are printable coupon sites listed above as well!).

Now, we can find lots of online coupons and digital discounts with just a few clicks.

The best coupon sites give us different ways to save money, like getting cash back or using promo codes. They have options for almost every kind of shopper.

Do you use any of these top free coupon sites? Why or why not?

Recommended reading:

Source: makingsenseofcents.com

Apache is functioning normally

Today we’ll take a look at another home builder’s lender, K. Hovnanian American Mortgage.

They are the affiliated lender of K. Hovnanian Homes, which is a top-15 home builder nationally.

Like other builders, they created their own financing division to streamline their new home sales.

And to better control the customer experience from start to finish.

The biggest perk to using them is the financing specials you likely won’t find elsewhere. Read on to learn more.

K. Hovnanian American Mortgage Fast Facts

  • Affiliated mortgage lender for K. Hovnanian Homes
  • Provides home purchase loans for new home buyers
  • Founded in 2002, headquartered in Boynton Beach, FL
  • Parent company is one of the largest home builders nationwide
  • Licensed to do business in 14 states and the District of Columbia
  • Funded more than $1.1B in mortgages last year
  • Most active in the states of Arizona, California, Delaware, Texas, and Virginia

As noted, K. Hovnanian American Mortgage is the lending division of K. Hovnanian Homes, a top U.S. home builder.

Their parent company Hovnanian Enterprises, Inc. is a publicly traded company (NYSE:HOV), currently valued at nearly $1 billion dollars.

They’ve been around since 1959, and operate 128 residential communities across 14 different states.

Those states include Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia, West Virginia, and Washington, D.C.

These are the places where K. Hovnanian American Mortgage is licensed to lend as well, since they only exist to serve their home buyer customers.

In fiscal year 2022, they delivered more than 6,000 homes to buyers across all markets, putting them in the top-15 largest homebuilding companies in the United States.

The lending unit got its start way back in 2002 and is headquartered in Boynton Beach, Florida. At present, they have 36 licensed mortgage loan originators working at the company, per the NMLS.

Because they are a home builder lender, they only offer home purchase loans. No mortgage refinances are available.

But they also operate a full-service title company called Eastern National Title Agency and Hovnanian Insurance Agency.

So you can get your new home, mortgage, title insurance, escrow services, and even homeowners insurance all from one umbrella company.

Of course, it can pay to shop around, so don’t overlook savings for convenience.

How to Apply for a Loan

To get started, you can visit a new home sales office or visit their website. Either way, you’ll be put in touch with a licensed loan officer.

They’ll be able to discuss pricing and loan options with you. If you like what you hear, you can proceed to the loan application.

It’s a digital app powered by ICE Mortgage Technology that can completed from any device, including a computer, tablet, or smartphone.

It allows you to link bank accounts and other financials, upload key documents, and eSign disclosures on the fly.

Once submitted, you’ll be able to check loan status 24/7 to determine what outstanding items still need to be completed. And you can get in touch with your lending team whenever you have questions.

Ultimately, they make it easy to apply for a home loan thanks to the latest tech, but also have a human lending team standing by.

Note that loans are sold off to a third party after closing because they are not a loan servicer.

Loan Programs Offered by K. Hovnanian American Mortgage

  • Home purchase loans
  • Conforming loans
  • Jumbo loans
  • FHA loans
  • VA loans
  • USDA loans
  • Fixed-rate loans: 30-year fixed, 15-year fixed
  • ARM loans: 5/6 ARM, 7/6 ARM
  • Buydown loans: 3/2/1 and 2/1 buydowns
  • State bond loans

Despite being a home builder lender, K. Hovnanian American Mortgage offers a good variety of loan programs, including conforming loans backed by Fannie Mae and Freddie Mac and jumbo loans.

They also offer all the major government-backed mortgages, including FHA loans, VA loans, and USDA loans.

In addition, you can get either a fixed-rate loan, such as a 30-year or 15-year fixed, or an adjustable-rate mortgage, such as a 5/6 ARM or 7/6 ARM.

Given the recent rise in mortgage rates, they also offer buydown loans, including a 3/2/1 buydown that discounts the rate a full three percentage points in year one.

You might also be able to get your hands on some homebuyer assistance via select state bond loans that offer lower down payments and government subsidies.

K. Hovnanian American Mortgage Rates

While some mortgage companies post their daily mortgage rates online, K. Hovnanian American Mortgage does not.

With regard to how their interest rates are, they simply say, “There is no way to accurately and honestly answer this question without first evaluating your individual situation and financing needs.”

In other words, mortgage rates vary by customer, based on loan parameters such as credit score, down payment, loan program, and so on.

The good news is they may offer special financing offers to their new home buyers, as is often the case with affiliated builder lenders.

Because builders often buy forward commitments in bulk, they can apply special discounts that are often hard for outside lenders to beat/match.

But these deals are often limited to certain homes in specific developments, and the funds are subject to running out.

They are also time-limited, meaning you must get under contract and/or close by X date to use these special funds.

When you speak to a new home buying rep or loan officer, be sure to inquire about deals such as permanent or temporary rate buydowns.

This may come in the form of a closing cost credit, which can be applied to a mortgage rate buydown.

These can make or break your decision to use the home builder’s lender or an outside bank/lender.

K. Hovnanian American Mortgage Reviews

There aren’t a ton of reviews for the lending arm of K. Hovnanian. But they do have a few kicking around.

They’ve got a 4.3/5-star rating from six reviews on Redfin, and a perfect 5/5 on a separate Redfin page from five reviews.

Meanwhile, their parent company has a 4.3/5 from nearly 4,000 reviews on NewHomeSource, which is a much better sample size.

And given the fact that most of the parent company’s home buyers are likely also mortgage customers, these should be relevant.

Of course, it’s not all perfect. Over at ConsumerAffairs they have a much more questionable 1.4/5 from over 250 customer reviews.

So a bit of a mixed bag, though some reviews may have to do with the properties themselves, not the mortgages.

Be sure to take the time to read through the reviews to determine potential hiccups that you might be able to avoid.

Lastly, they are an accredited company with the Better Business Bureau (BBB) and currently hold an ‘A+’ rating based on complaint history. Speaking of, they have zero complaints on file.

To sum things up, K. Hovnanian American Mortgage seems to offer a good mix of technology, a full loan menu for home buyers, and decent customer reviews.

They also have the huge advantage of offering below-market mortgage rates like other home builder lenders.

But always gather more than a single mortgage quote. While K. Hovnanian American Mortgage may offer the best pricing, there might be better deals out there.

And if you have competing quotes, they may be more willing to negotiate with you on rate and/or closing costs.

K. Hovnanian American Mortgage Pros and Cons

The Pros

  • Can apply for a home loan online
  • Digital mortgage application powered by ICE Mortgage Technology
  • Plenty of loan programs to choose from
  • Offer mortgage rate specials for home buyer customers
  • Lots of excellent customer reviews
  • A+ BBB rating, accredited company
  • Lots of free mortgage calculators on their website
  • Extensive mortgage glossary explaining key terms

The Cons

  • Only offer home purchase loans
  • Aren’t licensed in all states
  • Do not publicize mortgage rate or lender fees
  • Some mixed reviews for parent company
  • Do not service loans after closing

Source: thetruthaboutmortgage.com

Apache is functioning normally

Bulk Sales, Best-Ex, Accounting Outsourcing, Verification Tools; FHA and Ginnie News; STRATMOR Tech Survey

<meta name="smartbanner:author" content="We now have a native iPhone
and Android app.
Download the NEW APP”>


This website requires Javascrip to run properly.

Bulk Sales, Best-Ex, Accounting Outsourcing, Verification Tools; FHA and Ginnie News; STRATMOR Tech Survey

By:
Rob Chrisman

Thu, Dec 7 2023, 10:58 AM

Time flies (see joke at bottom), and here we are at Pearl Harbor Day already. “I’m a multitasker. I can listen, ignore, and forget all at the same time!” Occasionally someone will accuse me of having a sense of humor. If true, it can be traced back to my parents, but a portion of it came from watching Norman Lear’s shows like All in the Family, Sanford and Son, Maude, The Jeffersons, and movies like The Princess Bride (“as you wish”). Mr. Lear died yesterday, but his impact will be long felt. Audiences loved his shows. Does your customer love you, no matter the price? That’s the case with Coke. The average price of a 12-ounce can of Diet Coke in a package of 12 was 34 cents in 2018 but hit 56 cents per can in October 2023, a 65 percent increase. In general, Diet or regular, prices have shot up: The average price of a Diet Coke at a restaurant hopped up from $2.05 to $2.77. Inflation at many levels is impacting rates, including Treasury and mortgage-backed securities: STRATMOR’s current blog is titled, “How Treasury Auctions Influence Mortgage Rates”. (Today’s podcast can be found here, and this week’s is sponsored by nCino, makers of the nCino Mortgage Suite for the modern mortgage lender. nCino Mortgage Suite’s three core products, nCino Mortgage, nCino Incentive Compensation, and nCino Mortgage Analytics, unite the people, systems, and stages of the mortgage process. Hear an interview with United One’s Sean Higgins on the vendor status of full-service mortgage, credit reporting, fraud solutions, appraisals, title insurance, and loan closing support.)

Lender and Broker Products, and Services

Revolution Mortgage estimates that they can save up to $20,000 in cost on verifications with TRUV over competitors. Femi Ayi, EVP Operations shares how he estimates he is saving 80 percent on his verification costs with Truv in this recorded event. Let’s talk about our documentation costs and those giant monopolies that are out there laughing at customers and increasing prices because they have a particular monopoly. You want to lower your manufacturing costs. Contact TRUV today to discuss how we can help you with your income, employment, insurance, and asset verifications.

“Are you struggling with declining production volumes and increasing costs per loan? Look no further. Outsourcing accounting is the elegant answer to this common challenge faced by independent mortgage banks. Whether you lack accounting expertise in-house or have a new team with no mortgage experience, the Richey May Client Accounting and Advisory Services (CAAS) team is here to provide the support you need. Our team consists of industry experts who can customize a solution to meet your specific needs in this volatile time, without requiring any additional training. Whether you need help transitioning to loan level accounting, a fully outsourced function, or industry training for your controller, we’ve got you covered. Contact Richey May today!”

Missed the chance to meet with Planet at IMN’s SFR Forum West? Connect with Planet’s commercial team to explore how our expertise enhances Single-Family Rental investments. Managing $100B+ in assets, we offer top-tier service, savings-focused strategies, and complimentary access to proprietary tools. Unlock the full potential of your investments: schedule your meeting now or call (585) 512-1030. Discover the Planet difference today!

Chief Sales Officer at Deephaven Tom Davis will join Rob Chrisman on a webinar you won’t want to miss. In today’s market, originators need Non-QM to fully serve borrowers and to stay competitive. Learning how to utilize and market Non-QM isn’t difficult when you partner with the right lender. Please find out how easy it is by attending the webinar on December 12th! Register now.

Nobody wants to be sold, they want to be served. Serve every homeowner in your database and get busy investing in relationships. Eric Spottswood, Regional Market Manager at Prosperity Home Mortgage did. Here’s what he had to say: “Recognizing that staying top of mind is crucial for securing repeat business, Milestones provides an excellent opportunity to consistently engage with our clients and reinforce those valuable connections with a one-stop home management platform. The bonus of having my team and our partners prominently featured in the portals is the icing on the cake. It’s not just a product I endorse – I actively use my own hub, and I’m thoroughly impressed with it! Milestones delivers the client engagement tools you need to retain every client you have. Book a demo today.

STRAMOR Tech Survey

Lenders, there’s still time to participate in the Digital Innovations Survey of STRATMOR Group’s Technology Insight® Study. Whether you are well on your way with your digital plans or are thinking through what to do in 2024, you’ll want the data that is only available from this study. This survey takes less than 10 minutes and participating lenders receive the survey report for free. Don’t miss your chance to have data on the key digital capabilities and the benefits and barriers to the digital technology available in the mortgage market today: take the Digital Innovations Survey now!

FHA and Ginnie Mae News

FHA announced new loan limits for calendar year 2024 its Single Family Title II forward and Home Equity Conversion Mortgage (HECM) insurance programs. FHA published Mortgagee Letter 2023-21, 2024 Nationwide Forward Mortgage Limits, which provides the maximum mortgage limits for FHA-insured Title II forward mortgages. These new loan limits are effective for case numbers assigned on or after January 1, 2024. Mortgagees may view the list of areas at the “ceiling” and areas with limits between the “floor” and “ceiling” along with lists that can be sorted by state, county, or Metropolitan Statistical Area (MSA) or by calendar year on the Maximum Mortgage Limits web page.

Mortgagee Letter 2023-22, 2024 Nationwide Home Equity Conversion Mortgage (HECM) Limits, which provides the Calendar Year (CY) 2024 maximum claim amount for FHA-insured traditional HECM, HECM for purchase, and HECM-to-HECM refinances. The maximum claim amount for FHA-insured HECMs for all areas, including Alaska, Hawaii, Guam, and the U.S. Virgin Islands, in CY 2024 will be $1,149,825; 150 percent of the Federal Home Loan Mortgage Corporation’s (Freddie Mac) national conforming limit of $766,550. This new maximum claim amount applies to case numbers assigned on or after January 1, 2024.

FHA published Mortgage Letter (ML) 2023-23, Updates to the Home Equity Conversion Mortgage Program. This ML updates and streamlines Home Equity Conversion Mortgage (HECM) servicing policy to enhance the program’s financial stability and improve overall performance. These changes reinforce FHA’s commitment to serving seniors choosing to age in place in their own homes through the HECM program. Loan officers and down payment assistance program providers can visit the DPA One website for more information and to request a demo.

In Multiclass Participants Memorandum (MPM) 23-03, Ginnie Mae announced an optional early closing date for multiclass transactions beginning in December 2023. This option will allow sponsors to close transactions either on the Closing Date specified on the Ginnie Mae REMIC monthly calendar available on Ginnie Mae’s website or on the Business Day immediately preceding such specified Closing Date (an “early Closing Date”). Those sponsors choosing an early Closing Date must notify Ginnie Mae no later than the Final Structure Date and be aware that document delivery requirements outlined in the Ginnie Mae Multiclass Securities Guide (the “Guide”) will apply equally to the early Closing Date. All other transaction dates on the REMIC calendar will remain the same, regardless of the type of Closing Date chosen. For information on capitalized terms used herein, but not defined, refer to the Guide currently in effect, found on the Ginnie Mae website.

In All Participants Memorandum (APM) 23-13, Ginnie Mae announced revisions to its definition of High Balance Loans. These revisions align with the increased conforming loan limits recently announced by the Federal Housing Finance Agency (FHFA).

PRMG TPO Resource Center Updates 23-12 includes updates to Training/Instructional Material, VA Forms, Appraisal Forms, Second Mortgage Product Forms and Information, Non-QM Product Forms and Information, Updates on Bond/Housing Authority/DPA Products, Compliance and Quality Control Information.

Capital Markets

In any market scenario, it is crucial for lenders to analyze the best execution options to maximize profitability when selling loans in the secondary market. Determining what execution is most efficient and profitable will have a big impact on the bottom line. In MCT’s latest whitepaper, Optimizing your Best Execution Loan Sale Analysis, they provide insight into determining your company strategy, delivery options, retain release decisions, and more. Download the whitepaper or join MCT’s newsletter to stay up to date on the latest educational content.

MAXEX is now offering daily mandatory bids on bulk pools of Agency-eligible NOO and second home loans. Like our industry leading MAXEX Conforming flow program, get competitive pricing from five leading institutional buyers and avoid costly Agency LLPAs, all through a single contract and a single, standardized clearinghouse. MAXEX buys to agency guidelines via your existing bulk trading process. Visit here to learn more.

Taking a look at rates, which have improved, as the debate rages over when next year the U.S. Federal Reserve will begin cutting rates we learned yesterday that American employers unexpectedly cut back hiring in November, according to data from ADP. It’s yet another sign of the labor market softening, but don’t read too much into it before tomorrow’s payrolls number, history shows it’s a very bad guide. Despite pullbacks in hiring and spending, the service sector expanded at a faster pace last month on improved business activity.

Challenger, Gray & Christmas, Inc. tells us that U.S.-based employers announced 45,510 cuts in November, a 24 percent increase from the 36,836 cuts announced one month prior but 41 percent lower than the 76,835 cuts announced in the same month in 2022 and marks the first time cuts were lower than the corresponding month a year ago since July. So far this year, companies have announced plans to cut 687k jobs, a 115 percent increase from the 320k cuts announced in the same period last year. The job market is loosening, and employers are not as quick to hire. The labor market appears to be stabilizing with a more normal “churn.”

Today’s economic calendar also includes weekly jobless claims (220k; continuing claims 1.86 million), and wholesale inventories and sales for October. The U.S. Treasury will then announce the details of next week’s mini-Refunding package, estimated to be consisting of $50 billion 3-years, $37 billion reopened 10-years, and $21 billion reopened 30-years. And Freddie Mac will release its Primary Mortgage Market Survey. We begin the day with Agency MBS prices worse than Wednesday night by .125-.250 and the 10-year yielding 4.17 after closing yesterday at 4.12 percent; the 2-year is at 4.61.

Employment

Did you know that Houston, TX is the top area for TSAHC down payment assistance loans? Also, did you know that Mortgage Financial Services TPO (MFStpo) is the only wholesaler both TSAHC and TDHCA down payment and closing cost assistance programs to the mortgage broker community. MFStpo pioneered TSAHC for brokers and until recently, TDHCA was only available to retail LO’s. Brokers are growing with MFStpo by serving more families and referral partners and adding LO’s by recruiting with these programs. MFStpo is actively seeking to enhance support for brokers in the Houston market by hiring an experienced Account Executive. By making TSAHC and TDHCA DPA easy for brokers, MFStpo presents a compelling opportunity for AEs today. Notably, MFStpo also excels in non-DPA loans with great rates and a strong support team. Reach out to EVP John Hudson at 817.247.4766 for more info on this exciting opportunity in Houston!

“PrimeLending LOs have an exciting new mortgage solution to offer their customers looking to save money, increase home value and protect the planet: Green Home Loans from PrimeLending. It’s clear that energy efficiency is not just a trend; it’s a priority for the modern homeowner. According to a 2023 study by Thumbtack, 71 percent of homeowners consider sustainability a top priority, yet only one-third can afford the upgrades. Green Home Loans from PrimeLending is here to bridge the gap by helping borrowers finance green improvements immediately. With more than 400 mortgage solutions in our arsenal, including eco-friendly programs, we’re committed to helping our LOs not only beat the competition, but lead the way in offering the latest mortgage alternatives. If you’re looking for a sustainable career, your future may be at PrimeLending. Contact Nic Hartke for more information.”

“If you ask 50 people for their outlook on the Mortgage and Housing market in 2024, you’ll get 50 different responses (and we can attest to that!). Regardless of market conditions, our team at Pezian Search Group wants to make sure that YOUR organization is properly prepared for what’s next. Since 2010, we’ve spent much of December consulting and partnering with new and existing clients to discuss their outlook, upcoming needs, and to strategize ways to ensure ongoing success. We also take the time to uncover our candidates career goals and prepare them for growth, and we’d love to do the same for you. Reach out to us directly and let us show you how we can be a value add for your organization and in your career search. You can also connect with us on LinkedIn, and view all of our current openings here.”

 Download our mobile app to get alerts for Rob Chrisman’s Commentary.

Source: mortgagenewsdaily.com

Apache is functioning normally

How Big Could Friday’s Jobs Report Be?

By:
Matthew Graham

Thu, Dec 7 2023, 4:56 PM

How Big Could Friday’s Jobs Report Be?

Thursday ended up being a very calm day relative to most of the recent context.  MBS lost an eighth and 10yr yields moved up a few bps, but both are still right in line with their best levels in months.  There were no stand-out market movers and no notable pops in one direction or the other.  With that, our fate is in the hands of the Bureau of Labor Statistics, as is so often the case.  We’re not going too far out on an analytical limb in saying a big miss or beat would likely have the logical impact on rates.  But what are the stakes? The report would have to be truly awful for a realistic challenge of the 4.0% level in 10yr yields and truly stellar in order to facilitate a similarly large move in the other direction.  Reality is more likely to fall somewhere in between, but keep in mind that the AVERAGE beat/miss is roughly 50k and 100k respectively, so anything’s possible.

    • Jobless Claims
      • 220k vs 222k
    • Continued Claims
      • 1861k vs 1910k f’cast, 1925k prev

08:38 AM

Modest additional selling after Claims. 10yr yields are up 6bps at 4.174 and MBS are down 10 ticks (.31).

12:06 PM

Decent recovery in AM hours.  10yr up only 1.2bps at 4.125.  MBS down an eighth.

04:32 PM

Modest weakness into the PM hours.  10yr up 2.9bps at 4.148.  MBS down 3 ticks (0.09). 

 Download our mobile app to get alerts for MBS Commentary and streaming MBS and Treasury prices.

Source: mortgagenewsdaily.com

Apache is functioning normally

LO Technology, Broker PPE Products; Training and Webinars This Week; 3.7% Unemployment

<meta name="smartbanner:author" content="We now have a native iPhone
and Android app.
Download the NEW APP”>


This website requires Javascrip to run properly.

LO Technology, Broker PPE Products; Training and Webinars This Week; 3.7% Unemployment

By:
Rob Chrisman

7 Hours, 19 Min ago

“What do you call James Bond having a bath? Bubble 07.” In different bond matters, mortgage rates will always be higher than Treasury rates, in part because of the prepayment risk in mortgages that doesn’t exist with Treasury bonds. With the drop in rates, sales management personnel at lenders are busy figuring out how best to remind the staff about EPO (early payoff) penalties levied by investors while at the same time working on ways to save money besides furloughing, cutting staff, outsourcing, and re-doing vendor contracts. The recent decline in rates and increase in applications is welcome: According to Curinos, November 2023 funded mortgage volume decreased 11 percent YoY and 10 percent MoM. In the Retail channel, funded volume was down 22 percent YoY and 10% MoM. The average 30-year conforming retail funded rate in November was 7.45 percent, 25bps higher than October and 85bps higher than the same month last year. (Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures, and drills into this data further here.) Today’s podcast can be found here, and this week’s is sponsored by nCino, makers of the nCino Mortgage Suite for the modern mortgage lender. nCino Mortgage Suite’s three core products, nCino Mortgage, nCino Incentive Compensation, and nCino Mortgage Analytics, unite the people, systems, and stages of the mortgage process. Hear an Interview with nCino’s Ben Miller on incentive compensation data and origination cost reductions that are separating profitable from unprofitable companies in the mortgage industry.

Lender and Broker Products, Programs, and Services

Loan Vision exclusively serves the mortgage industry by providing software built by the mortgage industry for the mortgage industry. With Loan Vision, customers see improvements of 30%+ decrease in days to close the books, 20%+ reduction in accounting headcount, complete LOS to G/L automation, and improved reporting and visibility. Interested in learning how Loan Vision can help you run a more efficient and profitable company? Contact Carl Wooloff to schedule a call today.

When Encompass Lending Group set out to reimagine its borrower experience, it chose LiteSpeed by LenderLogix. “We understand every borrower is different. Our services are custom-tailored to every borrower, and we thought our technology should reflect that,” said Encompass Lending Group’s Paul Marsh, EVP of National Sales. Read more about their implementation here.

Seems like there is “AI” everything now. Washing machines, clothing, cookie dough? One place you should deploy AI is in helping your customers find their best opportunity. LoanCraft now offers its ViLO technology via an API (patent pending). ViLO is a virtual loan officer technology that asks your customers questions about their goals and needs, and provides offers along with tailored English-language recommendations. The API lets you easily incorporate this into your consumer facing technology, or LoanCraft will build your front end for you. Regents Financial is using ViLO, so you can see how it works here. Contact Jessica West at LoanCraft for more information.

In this market, hustle is everything. You can’t afford to waste a single deal, or a single minute. That’s why ReadyPrice has launched Shop, Lock, Deliver, an innovative platform designed to help independent mortgage brokers and their lenders save time and money. Now you can shop competitive loan offerings from multiple lenders, get rate lock guarantees in real time, receive underwriting findings, and deliver the borrower’s complete loan file to lenders, all on a single platform, at no cost to brokers. It’s already helping brokers around the country thrive and compete in the toughest market. Multiple lenders. One platform. Zero b.s. Come check us out today. ReadyPrice gives you the ability to manage your lenders, search loan product pricing across the wholesale channel, and deliver loans to the lender of your choice.

Events, Training, and Webinars

A good place for longer term conference planning is to start is here, and click on “events” for conferences in the future.

Today, December 8, is the next episode of The Mortgage Collaborative’s Rundown covering current events in the mortgage market for 30-45 minutes starting at noon PT, 3PM ET, in “The Rundown”. Listen to Rich Kuegler with Stewart Title!

Chief Sales Officer at Deephaven Tom Davis will join Rob Chrisman on a webinar you won’t want to miss. In today’s market, originators need Non-QM to fully serve borrowers and to stay competitive. Learning how to utilize and market Non-QM isn’t difficult when you partner with the right lender. Please find out how easy it is by joining the webinar on December 12th! Register now.

Tuesday, 12/12, is the next Mortgages with Millennials with Kristin Messerli and Robbie Chrisman. Tune in every Tuesday at 1PM ET to the weekly video show designed to empower mortgage professionals to tap into the millennial market. This show demystifies the psychology of first-time homebuyers and offers strategies to win more market share with a key segment of the market. Sign up for a weekly reminder with the link to join and a sneak peek into the next episode. Next week’s guest is Catalina Kaiyoorawongs, Founder and CEO of LoanSense.

Have you registered yet for LIRC23? Discover the newest developments in legal and regulatory compliance for residential lenders. Join California MBA at the Irvine Marriott Hotel on December 11 – 12 for the 2023 Legal Issues and Regulatory Compliance Conference. This is your opportunity to hear from some of the nation’s top industry experts and learn about the hottest topics. You’ll be informed and empowered, don’t miss out.

What are the forces that will shape the 2024 economy and real estate market? Find out at the Real Estate Forecast Summit: The Year Ahead on December 12, 1-2 p.m. ET. NAR’s Dr. Lawrence Yun and Dr. Jessica Lautz are teaming with expert economists and thought leaders to review 2023 and discuss their expectations for 2024. They will cover the residential and commercial markets, plus demographic and market outlook data. There is no cost to attend, but you must register in advance.

“As 2023 comes to a close, empower your financial strategy with insights tailored for lenders. Join CWDL for a webinar on Tuesday, December 12 as we recap the year in accounting and tax and identify what action you need to take before the year ends. Our mortgage banking experts will review tax legislation passed in 2023 and what’s coming for 2024, share tips to get year-end financials closed accurately and efficiently, discuss preparing for your audit, review HUD and GNMA reporting requirements, address going concern analysis, and more. Reach out to Kasey English to register for this free webinar, and emerge with actionable insights to take advantage of these last few weeks of 2023.”

Vince Furey, SVP of Sales for MeridianLink, has some valuable market insights and strategies that can help your credit union not only survive but also thrive in this changing landscape. Don’t miss the upcoming ACUMA Inside Track webinar on December 12th at 1 pm CST, where you can learn how to capture and serve this important market segment and take your mortgage loan program to new heights.

Wednesday the 13th, looking for more in-depth commentary on weekly mortgage news? Register here for “Mortgage Matters: The Weekly Roundup” presented by Lenders One. Every Wednesday at 2:00 PM EST/11:00 AM PT is a dive into a range of mortgage-related topics, including market trends, interest rate fluctuations, innovative mortgage products, and industry advancements. Listen to a unique mix of age perspective, expertise, and charisma to the screen, ensuring that the information is not only educational but also entertaining. Next week’s guest is.

Dec 13, at 12:00 PM PT, will be a webinar to learn about innovative approaches to recruiting loan officers in the mortgage industry. Heidi Iverson and NAMBA’s Tony Thompson will explore data-driven recruitment strategies with Mobility Market Intelligence (MMI), a powerful tool for Mortgage Lenders.

Join Curinos home equity experts Richard Martin, Ken Flaherty and Kinley Hicks on December 13th as they debut their new national home equity market forecast and discuss how home equity could impact growth initiatives and balance sheets in 2024. Register now.

Our very own MBA has some webinars, including California’s Corporate Climate Data Accountability Act, MBA on December 14.

For a deeper dive into Pennymac TPO’s new product and how to position it with your borrowers, contact your Account Executive, and register for their Power Your Business Webinar, “Home Equity Seconds Product Overview,” on December 14 at 10am PT/1 pm ET.

The Knowledge Coop’s new membership platform offers all state and federal Continuing Education courses in an engaging and exciting video format that you’re sure to actually enjoy. Want to give yourself a sharper competitive edge? They also offer in-depth training on specific topics like VA Loans and FHA within their Coop Academy. Get access to industry experts and connect with other mortgage professionals all in one space. Use Code Chrisman10 for 10 percent off your first year of membership here.

Join in for “Hot Topics” with the Single-Family Housing Guaranteed Loan Program. Free, Live, virtual training for all USDA lenders and real estate agents. Don’t pass up the opportunity to say YES to more potential clients. Embrace the GUS recommendation, Thursday, December 14, 2-3 PM ET.

National MI posted its upcoming December 2023 webinar sessions. December options include the following: Income Case Studies ​​​​​with Marianne Collins – December 12th at 1pm ET. 2024 Business Planning for Purchase Business with Bruce Lund – December 13th at 2pm ET. Maximize Your Relationships: The Art of Annual Mortgage Reviews with Rebecca Lorenz – December 14th at 1pm ET.

This month, catch up on the latest underwriting and processing trends at your convenience with Arch MI’s online videos and podcasts. Choose Arch MI’s wide range of course offerings that cover the essentials for mortgage professionals. On the 14th, the co-authors of HaMMR Digest, Arch Chief Economist Parker Ross, and Director of Real Estate Economics Leonidas Mourelatos, present their assessment of the market environment, where rates and home prices are heading, and the implications for mortgage professionals in the new year. Register for Arch MI Housing Update Webinar on December 14 at 1 p.m. ET.

Friday, December 15th, is next week’s episode of The Mortgage Collaborative’s Rundown covering current events in the mortgage market for 30-45 minutes starting at noon PT, 3PM ET, in “The Rundown”. Hear from MGIC’s Terry Aikin!

Capital Markets

As job markets loosen and employers are not as quick to hire, investors are betting on when central banks across the globe will begin rate cutting cycles. Yesterday’s private payrolls from ADP printed lower than analyst expectations ahead of today’s release of the November jobs report. Thoughts that the Fed is done tightening helped mortgage rates drop closer to 7 percent, the lowest level since August, according to this week’s Primary Mortgage Market Survey from Freddie Mac. 30-year fixed mortgage rates have fallen 76 basis points since the end of October.

Today brought the November payrolls report where forecasts didn’t see all that much variability from October. November nonfarm payrolls registered 199k versus 186k expectations. The unemployment rate came in at 3.7 percent when it was seen holding steady at 3.9 percent. Average hourly earnings were when the number was seen increasing 0.4 percent month-over-month and 4.1 percent year-over-year versus 0.2 percent and 4.1 percent previously. Later today brings preliminary December Michigan sentiment, which is expected to tick up modestly. We begin the day with Agency MBS prices and the 10-year yielding 4.25 after closing yesterday at 4.13 percent (the 2-year is up to 4.71) after the employment numbers.

Employment

“Freedom Mortgage is seeking the best Account Executives nationwide. We understand the best are not just product experts but, also relationship builders. We seek industry leaders. Freedom Mortgage Wholesale believes Account Executives are vital to our success. Freedom Mortgage has been creating success for 30 years. Our people and processes are time-tested giving us trusted stability, no matter market conditions. Our deep roots throughout the mortgage industry provide confidence for the future. Freedom Mortgage is 4EVER Wholesale. Join our strong group of Account Executives who average 15 years in industry and 10+ years at Freedom Mortgage. If you are the best and want to work with a financially stable company to build your future, contact us.”

Newrez Wholesale is thrilled to announce the appointment of Divisional Vice President John McElhone to the Inaugural Corporate Board of Directors for NAMB (National Association of Mortgage Brokers®). “For 50 years NAMB has been the leading voice for the mortgage industry, and I am proud of the organization for creating its corporate board of governors as it will increase NAMB’s impact on the industry,” said McElhone. “Thank you to NAMB for inviting me to join the board and I am eager to bring my decades of experience I’ve obtained in my professional career to each and every day.” Way to go, John! Learn more about the new corporate board.

“Are you a go-getter who embraces hustle and strives for growth? Are you passionate about helping others on the path to success? If you answered yes, we want you! Kind Lending is seeking knowledgeable Wholesale Account Executives with experience in the mortgage lending space. As one of the fastest growing mortgage lenders in the country, we’re building an upbeat and collaborative team that strives to put people first in everything we do, infusing happiness around every corner. Our people believe kindness matters and a client’s positive experience is everything. Join the #kindmovemovement and come grow your business with an expanded product offering and best in class operational experience! Contact: Delfino Aguilar, SVP TPO Production, 619.726.0377.”

JMAC Lending, an industry-leading TPO lender for more than 25 years, has hired Eric Yang as Executive Vice-President of TPO Sales. Formerly VP of TPO Sales at Pennymac, Yang will lead JMAC’s team of Account Executives for both wholesale and correspondent. “Eric’s business approach aligns with our company mission and values: trust, teamwork and integrity,” JMAC Lending’s President Christina Pham said. “We are excited to have Eric lead our growing sales team, where we will continue to provide excellent support to our lender partners, especially in this unique market environment.” “Eric can navigate complex market landscapes and deliver results,” Pham says. “He has a deep understanding of the industry, and we are confident that his expertise will elevate our sales operations.” Start lending with JMAC today! Click here join JMAC and sign up for marketing and rates, or contact sales. Let’s grow your business and fund more loans in 2024.

Thank you to Julie Cooper who reminded me that, in the Northwest, “State Departments of Commerce Housing Divisions or Housing Departments are hiring folks versed in mortgage, title, escrow and real estate. County and Municipal Departments of Community Development and non-profit housing developers in Washington State are hiring in record numbers, as well, developing affordable multifamily, single-family housing for ownership and rental. Julie observed, “I think one way forward for our industry is private/public partnership. These developments, acquisition and construction projects need mortgage companies to help with homeownership, especially those who can do community land trusts and every transaction needs a title insurance policy and escrow provider. Ultimately, we are all stakeholders in housing and it’s really cool to be part of these innovative programs.”

 Download our mobile app to get alerts for Rob Chrisman’s Commentary.

Source: mortgagenewsdaily.com