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DSCR, FHA DPA, LOS, Warehouse, AI, Social… NewLenders are refinancing borrowers who took out intermediate ARMs 3, 5, or 7 years ago and whose rates have gone up. Some here in Las Vegas, walking around humming this tune while at the ICE and Lender Toolkit event, will say that adjustable-rate mortgages are a gamble that paid off from 1982 through 2021 but not now. Las Vegas is packed, and yesterday I asked the kid working behind the counter at McDonalds if the Shamrock Shakes were made with fresh shamrocks. He left to go ask the manager. Yikes. Mickey D’s employees make $14-17 an hour, certainly under the… Non-QM Secondary, TPO, Servicing, General Ledger, Marketing… NewJust once, I want a username and password prompt to say, “Close enough.” Speaking of technology, this weekend Robbie and I head to Las Vegas for the ICE Experience 24 events (led off by the Lender Toolkit Supercar Experience). One big topic is bound to be constantly shifting origination channels, and the current STRATMOR Group blog is titled, “Wholesale Channel Overview and Outlook.” Another topic will be using technology money efficiently and cost-effectively. Most, if not all, lenders and vendors are continuing to look at costs critically as part of their foundation for profitability. If you’re a capital markets person,… Hedging, Multi-Family Servicing, CU Appraisal, Imaging, POS… NewFun with numbers: Did you know that, at age 22, Billie Eilish has won twice as many Oscars (2) than 80-year-old Martin Scorsese (1)? (And yes, Samuel L. Jackson, Tom Cruise, and Johnny Depp have won a cumulative total of 0.) Lenders and vendors didn’t have a lot of fun with numbers in 2023, with overall production dropping from $4.4 trillion in 2021 to $1.6 trillion last year, a drop of 63 percent in dollar volume, even more in units since average loan amounts have gone up. Yes, this is an over-simplification, but have you cut your staffing and expenses… DSCR, FHA DPA, LOS, Warehouse, AI, Social…Lenders are refinancing borrowers who took out intermediate ARMs 3, 5, or 7 years ago and whose rates have gone up. Some here in Las Vegas, walking around humming this tune while at the ICE and Lender Toolkit event, will say that adjustable-rate mortgages are a gamble that paid off from 1982 through 2021 but not now. Las Vegas is packed, and yesterday I asked the kid working behind the counter at McDonalds if the Shamrock Shakes were made with fresh shamrocks. He left to go ask the manager. Yikes. Mickey D’s employees make $14-17 an hour, certainly under the…