Mortgage Quality Management & Research (MQMR)’s Post

#Brokers | We understand that by giving you better service, by putting you first and doing the right things, you’re able to do the same for their clients. Read more from Jonathan Stinton who discusses the importance of holding true to your values, supporting brokers to support clients, and why winning values go beyond the here and now 👉 https://ow.ly/9VZX50Rhebv [Intermediaries only]

Looking ahead, my hope for the future can be summed up in one word: Acceptance. Reflecting on past challenges I've experienced, from the S&L crises to the GFC, we've weathered tough times and emerged stronger. Fast forward to 2020, COVID brought new hurdles, compounded by rising interest rates. Yet, amidst the storm, signs of recovery are emerging. Across our offices nationwide, transaction volumes are on the rise, signaling a shift towards acceptance of our current reality. As we navigate complex transactions ahead, such as foreclosures and bankruptcies, ensuring authority is paramount. Whether it's obtaining consents or clarifying sale orders, meticulous attention to detail is crucial. In these uncertain times, early engagement with your underwriter is key to navigating the intricate landscape of title insurance. Together, we can overcome the challenges ahead and pave the way to a new normal.

Repos Lead to Huge Fine for Fifth Third https://snip.ly/kgg1mx #glenviewfinance #subprimefinance #usedcardealer #autofinance #creditbuilder #independentdealer

Fannie Mae purchased $622 million in excess of loss limits for $20.3 billion in housing portfolios during Q2, down by about half from the previous year, reflecting ongoing deal delays since H2 2023. This involved two CIRT transactions, down from three in Q1, totaling just under $1.1 billion, and three deals in Q2 2022 amounting to $1.2 billion. Read the full story here: https://ow.ly/He4i50SBF02

If you got your car with the helping hand of finance, there's a chance that what you owe the bank is more than what your car is worth. But why should you care? Well if there is a shortfall and your car is written off or stolen, you're on the hook for that shortfall. Here's the low down on what credit shortfall cover is and why you might need it. https://lnkd.in/d9BDyvG7

Peeling back the overall health of the consumer onion... 'In April, 5.23% of subprime auto loans were 60 days or more delinquent, the worst April on record, and a hair above the prior record of April 2020, according to the Fitch subprime index, which tracks auto loans that have been securitized into the asset-backed securities (ABS) that are rated by Fitch.' H/T Wolf Richter _____________________________________________ If You Are Buying A Home Or Commercial Property In New York State, You MUST Protect It…That's Where Title Insurance And Due Diligence Come In! Always Research The Title Insurance Provider That Will Be Used For Your Purchase! Watch ‘If You’re A Homebuyer In New York You MUST Protect Your Investment…That's Where Title Insurance And Due Diligence Comes In!' here https://lnkd.in/eME5S_3u. And, remember that it’s your RIGHT to choose the title company you would like to use! Hallmark Abstract Service...You Buy Real Estate, We Protect It! #consumer #personalfinance #subprime #economy #autoloans

A deposit bond is sometimes used by home buyers who can't pay the deposit to secure the property straight away. It's an insurance policy, and it gives the vendor assurance you'll pay them at settlement. It can be helpful if you're in the process of selling a property – and are waiting on funds to clear – or if you're buying off the plan, and would rather keep hold of the funds while the property is being built. Note that not all vendors or real estate agents will accept a deposit bond. Get in touch if you'd like to understand more. 🌐 https://bit.ly/3TrzCkB #TFChoice #tfc #TrustedFinancialChoice #mulgrave #mulgravebroker #CityOfMonash #MelbourneHomes #MelbourneRealEstate #MelbourneProperty #DandenongRanges

Are you using the right type of #bankaccount ownership category? Here's help for deciding. #moneymatters

Are you using the right type of #bankaccount ownership category? Here's help for deciding. #moneymatters

𝗖𝗿𝗲𝗱𝗶𝘁 𝗦𝗵𝗼𝗿𝘁𝗳𝗮𝗹𝗹: 𝗱𝗼 𝗜 𝗻𝗲𝗲𝗱 𝗶𝘁? To sum it up, if your vehicle is comprehensively insured and financed by a financial institution, and it's written-off, stolen or hi-jacked, then credit shortfall cover pays the amount that you still owe the finance house after the claim has been settled i.e., it covers the gap between the amount you owe the finance house and what you are paid out. It is important to find out from the financial institution what your settlement figure is (this amount can differ from the balance reflected on your monthly statement) and compare it to the current retail value of your motor vehicle. If the settlement figure is higher, you require credit shortfall cover. Get in touch with us on (043) 735 2460 or send us an email on nfbib@nfb.co.za #CreditShortfall #Insurance #Vehicles