Rate Sheet, Licensing, AMC, Sales, AOT Products; Homebuyer Study; CPI Numbers Drive Down Rates

Okay, tomorrow is a holiday for many, but let’s not forget those veterans during the rest of the year. (Warning: tissues required.) Switching gears 180 degrees, say hello to Nevada’s new state Treasurer. (Warning: rated PG?) Moving back to mortgages and real estate, as reported in the commentary, not only was Redfin (parent of Bay Equity) downgraded, but it is shutting its home-flipping business and has cut 13% of its workforce. Yesterday the commentary noted that, “The retail portion of Angel Oak Home Loans rumored to be heading to Cross Country, who just supposedly laid off 100 people in Colorado.” The report of the layoff is erroneous, and apparently sprang from a disgruntled employee. “Money can’t buy happiness. But poverty can’t buy anything, so get to work!” It certainly takes money to buy a house, and there is more below on home buying, but only 16% of respondents said that now is a good time to buy a home per October’s Fannie Mae Home Purchase Sentiment Index (HPSI). The full index is down 18.8 points year over year. Interestingly, the percentage who believe now is a good time to sell decreased abruptly from 59% to 51% in October. (Today’s podcast is available here and this week’s is sponsored by SimpleNexus, an nCino company and award-winning developer of mobile-first technology for the modern mortgage lender. Listen to an interview with Optifunder’s Mike McFadden on warehouse management, optimizing funding and purchase advices.) Lender and Broker Services, Software, and Products