Customer Service Products; Training and Conferences Coming up Soon; Capital Markets

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Posted To: Pipeline Press

What’s in a name? Lots. Try asking someone what “gluten” is. ( Here’s a comical look at that.) Try asking someone in our business what the difference is between a “mortgage” and a “deed of trust.” How about new MLOs knowing the difference between an index, a cap, a start rate, and a margin? Depending on the week and lender, 5-10% of applications are adjustable rate loans. There are hundreds of billions of residential ARMs being serviced, and markets for cash products and derivatives are progressing toward Libor replacement. But they are taking slightly different approaches. Cash markets are leaning toward a forward-looking term Secured Overnight Financing Rate , while the derivatives industry appears to be embracing a compounded SOFR in arrears…(read more)

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