CrossCountry Mortgage

First picture is a loan estimate from Northstar, 2nd and 3rd are Crosscountry. Same rate but Northstar has our monthly $90 less. I know she’s charging less for points and origination and a little less on some other stuff but I feel like none of it amounts to that big of a difference on monthly payment. It seems like a no brainer to go with Northstar but I want to make sure I’m not missing something before we decide.

### New Filing: 8-K **Ticker:** TWO | **Score:** 9/10 | **Sentiment:** Positive --- ### Summary (Wiseek AI) Two Harbors Investment Corp. has increased its all-cash merger consideration with CrossCountry Mortgage to $12.00 per share, up from $11.30, and updated financing terms, reaffirming its board's recommendation amidst a competing bid. --- **Further Research:** 🤖 [**Wiseek AI Analysis**](https://wiseek.ai/ticker/two/two-harbors-amends-merger-agreement-with-crosscountry-mortgage-boosting-cash-offer-to-1200-per-share-000110465926057533/) | 🏛️ [**Original SEC Filing**](https://www.sec.gov/Archives/edgar/data/1465740/000110465926057533/tm2612985d12_8k.htm) _Automated via Wiseek.ai — Identifying market-moving SEC insights._

Don’t mean to troll but is this even for real? I was with retail before and processors used to do the Fannie income worksheet and then we would argue about income and I would always take the backseat assuming they’ve processed hundreds of files and I didn’t have the experience. When I became a broker I just started submitting the files and self processed as I only closing 2-3 loans a month (all self gen). I learned so much more and became a much stronger LO. My pricing was always better than retail (i was with Crosscountry mortgage, PRMI, Goldstar financials, Sunwest Mortgage). I go for flatfee model so when I needed to get Skinny on a deal to compete, I still always made atleast 100bps. It does come with a bit of learning curve switching from retail to broker but when they say you got more control in retail that is not true. You screw up on a file in retail you are done. As a broker you can submit to another lender most likely close late depending on how much time was eateb at the first but have much better chance of closing at all. Every lender had a different process which can be overwhelming while you get used to things but once you narrow down 5-6 solid ones for certain type of loans you become a more valuable LO. That breeds confidence and it will carry through everything you do. You stop pitching the same things you naturally will learn what to say because you are experienced and when you go against the old you (newer retail LOs) you realize they had no chance. Not a recruiting comment but just speaking from my own experience. I no longer self process as my business grew too much for that but now when my processors tells me they / we can’t do something, I tell them how we can. For flat fee shops expect to pay your own credit pulls unless your market can bear putting it on the borrower. I just pay for mine sometimes it feels like throwing 126 dollars in the trash lol. If you charged 250bps going against retail you can roll in underwriting fees and still beat them slightly (need decent loan size above 300k). If you go against credit unions charging 150bps will be on par. Charging 100bps gets you in very competitive. You will still lose to builders that have their own mortgage companies like DR horton / DHI mortgage. Can’t touch them in rate ever even if you take 0 comp lol. So when a borrower is grade A just take the L and move on thank them for giving you a shot and if things go sideways you are there for them. Good thing is they usually are very picky and don’t touch more challenging files. If borrower are high salary earners with great credit let them go lol there are more fish in the sea. Good luck. If you want more insight feel free to dm me.

So you can do an home improvement loan and get better terms and not be capped at current appraised value. They will go off improved value. For the 1st 6 months you will be capped at whatever the value of your home appraised at unless you can provide receipts for actual work completed. After 6 months a new appraisal can be ordered. Along with that lender will want to see actual executed lease agreement and proof of income. the projected rental income no longer works once you have owned the property more than 6 months. In Texas you’re going to be capped at 70% loan to value or less if you are using traditional financing because those are conventional guidelines. Only way you will get a higher ltv is go non qm and even then it will be 80% and the rate will increase. There are caps on how much in fees you can be charged when doing a loan against your primary residence no such cap on investments. Feel free to call me if you have any questions I love to talk real estate https://crosscountrymortgage.com/cypress-tx-4588/laura-sullivan/

No, the Browns are not threatening to leave for Brook Park. The Browns are leaving Cleveland it's been official. The groundbreaking ceremony is on the April 30th. Part of that has to do with the taxes of Cleveland and the lack of an area in downtown Cleveland to build a new stadium. Much of the city waterfront was built on landfills meaning it's a structural problem. Having a dome dramatically increases the weight and basically new stadiums need a dome for this far north if they want to host a Bowl Game along with year around activites. Jimmy Haslam tried to acquire Burke Airport, but that is a whole another mess with the FFA requiring a backup runaway for Cleveland Hopkin. What talk about Browns leaving Berea? Like the training camp facility is expanding like last year. [Browns break ground on CrossCountry Mortgage Campus Expansion](https://www.clevelandbrowns.com/news/browns-break-ground-on-crosscountry-mortgage-campus-expansion) Not really sure about people bitching about in Brook Park. The residents brought their homes and now their location is going to be dramatically move valuable. The old Ford factory (site of the new stadium) been empty since 2012 and is being removed. Yeah, for removal of urban decay! More tax revenue is going to be generated while downtown Cleveland gets valuable space to use outside of 9-12 days a year. Plenty of NFL are not in cities of their namesake because it's too expensive. If you want to bitch about the move, bitch about how it's getting funded. The move makes a ton of sense.

### New Filing: DEFA14A **Ticker:** TWO | **Score:** 10/10 | **Sentiment:** Neutral --- ### Summary (Wiseek AI) Two Harbors Investment Corp. has entered into a definitive agreement to be acquired by CrossCountry Intermediate Holdco, LLC for $10.80 per share in cash, terminating its prior merger agreement with UWM Holdings Corporation. --- **Further Research:** 🤖 [**Wiseek AI Analysis**](https://wiseek.ai/ticker/two/two-harbors-investment-corp-enters-definitive-all-cash-merger-agreement-with-crosscountry-mortgage-at-1080share-000110465926035664/) | 🏛️ [**Original SEC Filing**](https://www.sec.gov/Archives/edgar/data/1465740/000110465926035664/tm269980d2_defa14a.htm) _Automated via Wiseek.ai — Identifying market-moving SEC insights._