Cra, Call Report, Non-qm U/w Tools; Road To Housing Bill Viewed; Immigration And Credit Reminder

Ever heard someone say something that was blatantly misleading? On July 16, at 2PM ET, you can race to buy one of Olive Garden’s 10,000 “Never Ending Pasta Passes.” But it does end, after 13 weeks. Yup, for $100 you can economically gain a lot of weight, since it’s in our DNA to do so. Speaking of DNA, do you really think that it is in the DNA of retail companies like Guild, American Pacific, Movement, CrossCountry, etc., to stop expanding? Nope, they’ll keep going, and if you want to know the mindset of a lender that doubled its purchase business from last year, listen to the interview with Zillow Home Loans’ Eric Wilson on how the company is guiding buyers, helping them move from pre-approval through closing with support from centralized processing, underwriting, and closing teams (at the 4:45 minute mark) all the while sending other lenders leads. Lenders of all sizes obviously know that compliance is important, and in Brian Levy's latest Mortgage Musings he covers the Consumer Finance Protection Bureau's new Enforcement Principles which create no enforceable rights, no safe harbor, and could vanish with a website edit. Tomorrow on L1’s Mortgage Matters, Mitchell Sandler's Ari Karen discusses the mortgage litigation space, potential updates to RESPA, storm clouds with AI from a legal perspective. (Today’s podcast can be found here… this week’s ‘casts are sponsored by Zillow Home Loans, Zillow’s in-house mortgage lender. By integrating Zillow’s real estate platform with financing, Zillow Home Loans helps buyers move from dreaming about a home to holding the keys, and loan officers focus on guiding buyers with care and confidence. Today’s has an Interview with MCT’s Leslie Winick on the evolving role of a Chief Strategy Officer, exploring how technology companies can stand out in the AI era through customer-centric strategy, operational excellence, effective change management, and goal alignment.)