Tag Archive for: mortgage banks

Are Things FINALLY Turning Around For The Better?

“Things Are Turning Around” Barry Habib told us today in his morning update. He pointed out that rates are finally falling consistently, existing homes were up in November (despite record-high rates when those buyers were shopping in October), and inventory is climbing as well. All this is happening during “slow season” too, so things should be far better by the busy spring selling season.Read More

Who Buys Loans From Mortgage Banks; How It Works & Why It Matters

Most mortgages in America are funded by “mortgage banks” – which are entities that solely originate, underwrite, and fund mortgages; they do not hold deposits or do any of the […]Read More

Commercial Banks Pulling Out Of Jumbo Market; Why & What It Means

Commercial banks are pulling out of the jumbo market rather suddenly – after dominating it for the last year or so. The question is why and what does it mean? […]Read More

Pyramid Lending = Death of Mortgage Banks

During boom times, when there is excess business and margins are fat, “pyramid lending” can work. But – when business slows and margins compress like what has been happening this year – pyramid lending not only does not work, it will kill off many mortgage banks. This is because borrowers can shop for rates and apply for loans more easily than ever nowRead More

The 3 Primary Mortgage Lending Channels: Banks, Mortgage Banks & Brokers

We publish this blog every few years because it always gets a surprising amount of interest. It is relevant now because the broker channel seems to be expanding again much […]Read More

5 Reasons Why Mortgage Banks Charge Different Rates; Mortgage Rates Don’t Correlate To Other Rates

JVM funded $135 Million in mortgages for the month of September – a new all-time record for us. Our “Big Hairy Audacious Goal” was $125 Million, and we pretty much […]Read More

“Non-Bank” Mortgage Lenders vs. Banks; Who Are The Players? Why It Matters

Most Americans have never heard of PennyMac, United Wholesale Mortgage, loanDepot, and Freedom Mortgage. These are just a few of the huge “non-bank” mortgage lenders that funded almost 60% of […]Read More

Low Rates & Early Pay Off Penalties; Six Months Is All We Ask

Rates have fallen about 1/4 percent over the last few weeks and they are almost 1% lower than their peak only a few months back. As a result, everyone is […]Read More

How Mortgage Banks & Loan Officers Get Paid

We are often asked by borrowers and Realtors how we, as a lender, get paid. The answer is that JVM gets paid if and only if a buyer’s loan closes. […]Read More

Multiple Credit Inquiries; New Home Checklist; Doormat

Borrowers often come to us from other lenders and are overly concerned about credit inquires. Two reminders: (1) Multiple inquiries from mortgage lenders within a 30 day period only count […]Read More

How Mortgage Banks/Loan Officers Get Paid?

We are often asked by borrowers and Realtors how we, as a lender, get paid? The answer is that JVM gets paid if and only if a buyer’s loan closes. […]Read More

HEEJIN KIM RETURNS TO JVM LENDING (Where She Belongs)

Heejin Kim has returned to JVM Lending. After “experimenting” with large mortgage banks, we have clearly learned that bigger is NOT better. JVM is now more efficient than ever, and […]Read More