Mandating and delivering

The Garrett Watts Report shares stories and day to day experiences of veteran industry consultants Joe Garrett, Corky Watts and Mike Mc Auley.

Writers observe and examine the micro-mortgage market from a viewpoint that helps lenders of all sizes increase revenues, control costs and better manage risks. Tamalpais is located in Marin County, just a short drive over the Golden Gate Bridge.

Yesterday afternoon after a long day at the office preparing reports, responding to emails and answering my cell phone, I ventured out for a 2 hour bike ride on Mt. It rises 2,500 feet over the San Francisco Bay and the Pacific Ocean. Some say it is the birthplace of Mountain Bike riding.

From that vantage point, I got a 360 degree view of the bay and Pacific Ocean.

The day was crystal clear and SF looked like the image above. Let’s once again look at the most recent results of the difference between best efforts and mandatory delivery.

If you’re in SF for a vacation, a trip to Mt Tam is a must. As we have discussed over the past several months, there is a quick pick up of profits that go right to the bottom line by actively managing a pipeline and delivery loans through mandatory commitments.

The sale of a mortgage in the secondary mortgage market with terms that require the seller of the mortgage to make delivery to the buyer by a certain date or pair-out of the trade.

The requirement to make delivery of the mortgage or pair-out of the trade makes a mandatory mortgage lock different from a best-efforts mortgage lock.

A mandatory mortgage lock also carries more risk for the seller of the mortgage.Mandatory mortgage locks or trades generally command a higher price in the secondary mortgage market than best-efforts locks.This is because there are fewer hedge costs associated with mandatory mortgage locks. Law The specific directive issued by a reviewing court to a lower court, as in requiring the lower court to enter a new judgment or to conduct further proceedings consistent with the reviewing court's ruling. (Government, Politics & Diplomacy) (often capital) Also called: mandated territory (formerly) any of the territories under the trusteeship of the League of Nations administered by one of its member states The rich ornaments of his military attire had indeed been repeatedly handled by different individuals of the tribes with eyes expressing a savage longing to possess the baubles; but before the customary violence could be resorted to, a with as much potentiality as if she had been a recognized authority in the house ever since it had been a house, and having looked out to confront the amazed Peggotty coming along the passage with a candle at the sound of a strange voice, Miss Betsey shut the door again, and sat down as before: with her feet on the fender, the skirt of her dress tucked up, and her hands folded on one knee.But Sancho did not so fully approve of his master's admonition as to let it pass without saying in reply, "Senor, I am a man of peace, meek and quiet, and I can put up with any affront because I have a wife and children to support and bring up; so let it be likewise a hint to your worship, as it cannot be a , that on no account will I draw sword either against clown or against knight, and that here before God I forgive the insults that have been offered me, whether they have been, are, or shall be offered me by high or low, rich or poor, noble or commoner, not excepting any rank or condition whatsoever.to stay the New England persecutors was effectual in preventing further martyrdoms; but the colonial authorities, trusting in the remoteness of their situation, and perhaps in the supposed instability of the royal government, shortly renewed their severities in all other respects.

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