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310-813 Sun Certified MySQL 5.0 Developer Part(R) II

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310-813 exam Dumps Source : Sun Certified MySQL 5.0 Developer Part(R) II

Test Code : 310-813
Test denomination : Sun Certified MySQL 5.0 Developer Part(R) II
Vendor denomination : SUN
: 70 existent Questions

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SUN Sun Certified MySQL 5.0

Now an Oracle product, what occurs to MySQL? | existent Questions and Pass4sure dumps

Attendees at the open supply database's annual developers' convention in Santa Clara this morning are waking up to the spectacular information that their personal product, whose cost to solar Microsystems turned into to fill been lauded by means of no one apart from solar co-founder Andreas von Bechtolsheim in a keynote tackle scheduled for Thursday, is now owned through Oracle techniques.

The introductory price of MySQL to Oracle -- up except this morning, its largest competitor -- changed into evident by its absence from this morning's joint press conference that includes sun and Oracle executives. solar CEO Jonathan Schwartz outlined MySQL along with OpenOffice as fragment of what he now calls the world's biggest corporation for open supply software. except Oracle's SEC filings are made public, they won't breathe conscious of no matter if MySQL even factored into its valuation of sun. editor Jeremy had, smartly, Linux questions this morning after the information was announced: "With a friendly deal of sun's salary coming from hardware, will [Oracle] spin that division off or employ it to focus greater on a complete Oracle stack, that contains every small thing from hardware to database?" Jeremy wrote. "relocating to the particular person constituents of that stack, will Oracle proceed with the SPARC CPU line or breathe interested in the more commodity x86 lines? at the OS stage, will Oracle continue to focus on Linux and their Unbreakable implementation or will they attempt to preserve Solaris alive? Oracle has been contributing to Linux in a significant means lately, and it might breathe a huge loss for that to head away."

unbiased analyst and Betanews contributor Carmi Levy believes the deal may permit some intriguing alternatives for Oracle, which in past times has had more rigor breaking into the lessen conclude of the database market. There, MySQL rules amongst open supply clients, and Microsoft SQL Server has had a stronghold among the commerce set.

"This pondering extends into the lower conclude of the market as neatly, given how the solar acquisition offers Oracle entry to MySQL," Levy instructed Betanews. "while nobody may ever rightfully declare that MySQL threatens Oracle's bigger-end database offerings, its addition to the portfolio gives Oracle extra leverage in a market with massive boom skills. The MySQL installed foundation of approximately 11 million offers Oracle revenue teams fecund probability to fill conversations they fill not in the past had."

but MySQL's support foundation is comprised in huge fragment through unbiased builders, and that's the intuition through design. Already, these impartial builders are waking as much as a brand modern world, including application engineer Ryan Thiessen. An eleven-yr MySQL veteran, Thiessen is scheduled to speak at the MySQL conference this week; and in a weblog publish this morning entitled quite simply, "stunned," he exhibits his bewilderment:

"ultimate time this year i used to breathe cautiously confident about sun's buy of MySQL. but not this year -- it breathe worry and disappointment over what this aptitude for MySQL," Thiessen wrote. "when I read this as a rumor just a few weeks ago i assumed it became a laughable Story of an idea. Why would a high margin utility commerce are looking to buy a declining hardware enterprise, even if that hardware is terrific? As for his or her application, I can't imagine that Oracle is interested in Java, MySQL, and so forth as profits generating products, it will just breathe a tiny blip for them."relatively, Java and Solaris were outlined through Oracle CEO Larry Ellison as the key motivating components, not the SPARC commerce -- really, it turned into SPARC that did not generate a blip. MySQL obtained at the least that a noteworthy deal -- this for a enterprise that turned into price at least 1000000000 to sun just 15 months ago.

MySQL's founders fill remained on the listing as fiercely in opposition t the employ of utility patents, as harmful to the spirit and ethics of open supply. Oracle is not diametrically hostile to that line of pondering, having made statements in principle perquisite through this decade opposing the advent of patent portfolios for predatory purposes.

Oracle's 2000 commentary on the subject, which is virtually unchanged, reads, "Patent legislations provides to inventors an unique perquisite to modern know-how in return for reserve of the technology. here's now not commandeer for industries such as utility development through which improvements hold residence unexpectedly, may also breathe made without a considerable capital investment, and fill a tendency to breathe creative combos of in the past-universal techniques."

however Oracle does wait on using patents for protecting applications, exceptionally when an organization is attacked by a company with a gigantic portfolio.That truth lonely does not suggest Oracle cannot, or hasn't, used its software belongings very aggressively. In October 2005, the enterprise obtained its first ordinary open source database element: Innobase, whose InnoDB contained commercial enterprise-category elements that fill been really rolled into MySQL 5.0. by buying InnoDB, Oracle ended up owning a fragment of MySQL anyway, in a circulation that InfoWorld's Neil McAlister astutely reasoned could breathe to retain the lessen-type database snugly within the lessen type, while siphoning consumers into Oracle's higher class.

"it really is why when Oracle snapped up Innobase in early October it become handy to interpret the movement as a gigantic disgusting on Oracle's half," McAlister wrote then. "through taking handle of one of MySQL's a must fill interior organs, Oracle gains the vigor to mash the upstart at a whim, conveniently through closing its grip round Innobase. however, significantly, why would Oracle try this?"

four years later, we've a more in-depth glimpse of a solution to McAlister's query: by means of taking control of the geography of enterprise databases over a bigger enviornment, Oracle maintains MySQL safely inside its own continent, both locked away or funneling modern shoppers throughout the channel. possibly nobody might ever rightly claim that MySQL changed into a existent probability, however these days, Oracle's circulation ensures that it not ever will also be. and that's the brand modern world that builders in Santa Clara are waking up to.

OSCON: The saga of MySQL | existent Questions and Pass4sure dumps

At OSCON in 2006, I followed sessions that mentioned how open supply groups would fare when huge organisations are available. lower back then there were best a handful of examples of huge corporations paying for small open supply agencies. Three years later, we’ve witnessed MySQL AB pick up swallowed with the aid of sun, handiest to fill sun breathe swallowed with the aid of Oracle. Now there are greater open questions than ever and as a minimum three versions of MySQL which are jockeying to proceed the MySQL blood-line. the day past I attended talks by way of two of these agencies and i must quiz yourself how the MySQL online game will play itself out over time.

the primary talk I attended changed into: “Drizzle: status, concepts, and Ecosystem” the residence a couple of Drizzle developers shared their techniques about this assignment. Brian Aker forked MySQL to create Drizzle a 12 months ago with the premise to create a modern database that became leaner and extra extensible by using a micro kernel and plugin model. The current MySQL codebase had grown overly complicated after a few features fill been “hacked in” which made including more aspects overly difficult.

The drizzle team, which has several builders subsidized by using solar, appears very a noteworthy deal involved in regards to the technical nature of their venture. As in most open source projects the developers appear less concerned with politics and businesses and extra with making a kick-ass database. i attempted to quiz just a few inquiries to perceive the residence they suppose that MySQL, Drizzle and MariaDB had been headed, however generally the questions fill been no longer answered — they reiterated the focus on technical excellence. aside from having serious corporate aid, Drizzle seems to breathe pushed through basic open supply concepts. This makes me happy, since the way forward for each MySQL and Drizzle are unclear due to the fact Oracle simply purchased solar. Given the focus of attention on open source ideas, I’m inevitable the Drizzle would now not vanish away may still Oracle approach to a decision to cease assisting the team.

The 2nd session was: “MariaDB: community pushed SQL Server” which introduced Monty’s (of MySQL AB fame) modern company Monty application AB. unlike the Drizzle community, Monty’s modern enterprise has pellucid corporate desires, comprehensive with fluff and marketing talk. the brand modern company’s fork of MySQL, MariaDB, goals to breathe 100% commandeer with the customary MySQL. Its designed to breathe one hundred% drop in replacement that goes even as far as letting people who are licensed on MySQL apply their abilities to MariaDB. besides the fact that Monty application AB differs in a couple of facets from the long-established MySQL AB, it in reality looks to succeed a fairly identical model.

The americans engaged on the fashioned MySQL were not too neatly represented here at OSCON. in contrast to Drizzle and MariaDB, MySQL is shrouded in uncertainty since nobody recognize what Oracle plans to effect with MySQL. considering it MySQL can cannibalize (and probably already has) Oracle’s flagship product, the future of MySQL is awfully uncertain. The mindshare at OSCON evidently belongs to MariaDB and to Drizzle.

Returning returned to my usual aspect now, they are able to perceive that the acquisition of MySQL AB by solar hasn’t worked out in any respect how each person had hoped. lots of the fears raised by means of my blog post from three years in the past fill manifested during this mess. After MySQL grew to become a solar property, the nice of MySQL began to undergo, together with releasing a version of MySQL that had serious typical bugs. This had certainly not happened before and sent a pellucid signal that now not totality changed into neatly with MySQL. And the group had loads of frustrations with sun as solar slowed or stopped accepting patches. Even captious groups like Google had captious patches to MySQL neglected. naturally the procedure had broken down.

these days they find ourselves with as a minimum three versions of MySQL that each one fill differing goals, yet promise to share code with one a further. Some could breathe commandeer with every different, some wreck modern ground. The one component they breathe conscious of for pellucid that nothing in this video game is certain. until Oracle makes a statement concerning the way forward for MySQL nothing may breathe clear.

I find it in reality wonderful that both Drizzle and MariaDB fill returned MySQL to basic open source roots. Neither neighborhood goes to require fancy licenses or copyright agreements and should completely depend on the employ of the GPL. Drizzle is devoid of a commercial mannequin in the meanwhile and even Monty program AB will scrutinize like a extra “traditional” open source enterprise.

Amidst this uncertainty the handiest factor that is obvious to me is that the MariaDB and the Drizzle communities aren't watching for anything — they're working on modern improving their initiatives as quick as they can. I in my persuasion account that Drizzle presents probably the most intriguing approach to saving MySQL — it sounds like the codebase obligatory a significant overhaul as a way to smash some development bottlenecks and to permit more americans to approach and participate within the construction system.

however I’ve switched to Postgres many moons in the past, I’m utterly enthusiastic about what is presently occurring with MySQL. The existing routine during this locality are issues that they mentioned three years in the past with the conclusion of “This should breathe enjoyable to observe!” certainly, it’s intriguing to monitor — I arbitrator we’ll breathe talking about this condition for fairly a while to return. Oh, and MySQL users: breathe anxious now not — you’re going to breathe the winners in this complete debacle!

school football predictions: Why i am taking OSU over Boise State | existent Questions and Pass4sure dumps

Duke at Baylor: Blue Devils 26-21. leading probability for the Bears. Duke is taking fragment in devoid of quarterback Daniel Jones.

Rutgers at Kansas: Scarlet Knights 24-20. huge 12 upset special. KU is in some way liked. That’s right. Kansas is liked.

Texas-San Antonio at Kansas State: Wildcats 27-17. Oh my goodness, ok-State isn’t very good. What in the world has happened to the ‘Cats?

LSU at Auburn: warfare Eagle 26-7. Of Auburn’s five hardest video games – also including Washington, Mississippi State, Georgia and Alabama – only this one is at home. 

Alabama at Ole leave out: Crimson Tide 35-11. There turned into a time when this became the South’s ultimate rivalry. not the Iron Bowl. now not Bama-Tennessee. not Georgia-Florida. This.

Vanderbilt at Notre Dame: combating Irish 27-sixteen. Is Vandy aggressive? We’ll discover.

Missouri at Purdue: Tigers 35-26. The Boilermakers had been understanding to breathe ascending. Then they misplaced at domestic to Northwestern, forgivable however avoidable, after which lost at domestic to japanese Michigan. Unforgivable. Now Purdue is a gigantic underdog at domestic to Mizzou, with Boston faculty coming to West Lafayette next week. may the Boilermakers vanish 0-four to birth the year with 4 home losses?

Colorado State at Florida: Gators 34-14. Florida hired away Colorado State teach Jim McElwain after the 2014, but it got here at a cost. Florida agreed to pay CSU $500,000 for six years, via 2020. McElwain agreed to pay $333,333 a year for the selfsame six years. Plus Florida agreed to host Colorado State in a ballgame, this one, for a $2 million guarantee. The Rams fill stumbled upon one of the crucial first rate money-making schemes in history. rent an up-and-coming train, provide him some thing he desires however consist of a large buyout in his contract. via the conclusion of 2020, the Rams will were paid $7 million by Florida to play one video game and not fill McElwain instruct them. And perquisite here’s the laughable factor. McElwain’s no longer even the Florida coach anymore; he became fired ultimate November with a 22-12 basic checklist. ESPN suggested that McElwain had been an “ordinary healthy” from the delivery. perquisite here’s the funnier issue. It’s no longer for pellucid that Florida may also win this game. The Gators lost at home to Kentucky terminal week, ending a 31-online game collection successful streak, and Colorado State beat Arkansas.

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Becoming a DBA, fragment II | existent questions and Pass4sure dumps

This is a follow-up to fragment I from terminal week. You've considered what you want to do, you've looked at your soft skills, and you still want to breathe a DBA. How then effect you pick up started?

The first thing to effect is settle which platform you're going to focus on. Each "flavor" has its own proprietary tools and commands. While totality share a basic SQL language foundation, DBCC CHECKDB() doesn't escape on MySQL and characterize doesn't pick up you anything SQL Server. Likewise, SQL Server Management Objects (SMO) don't wait on you with Oracle and if you're looking for "TNS" in SQL server, you're out of luck. Some of these are proprietary extensions to the SQL language, others are differences in architecture and/or tools. What platform to start with should breathe based on your opportunities, your scholarship of the various platforms, or both. Try and focus only on one because each platform has a lot to know in order to become truly proficient. Expert or "guru" status in a particular database product takes even more time and effort.

For instance, one of the reasons I started learning SQL Server so heavily as opposed to Oracle or DB2 was I had a stronger foundation in SQL Server due to being in "Microsoft shops" where SQL Server was used. SQL Server was the platform of preference partially because of the focus on Microsoft technologies but also because SQL Server came in the MSDN subscriptions and could breathe used at no additional saturate in the development environment. Another intuition is that most of the opportunities I was finding in my locality centered around SQL Server. Therefore, SQL Server was my first preference and I build my energy into learning it better.

After you've decided which platform to pursue, you should pick up it installed and actively work with it. When I was learning SQL server I had SQL Server 6.5 installed on a server and SQL Server 7.0 installed on my workstation. When SQL Server 2000 came along, I installed it, and the selfsame was legal with SQL Server 2005. I ensured that my installs included the components I was interested in working with. Where can you find the products? In most cases the vendors fill provided downloads of either evaluation or full-blown versions for people to learn on. Here are the links as of this blog post for some of the most well-liked platforms:

In some cases you may want to escape virtual machines on server software such as Windows server 2003 but your workstation is running Windows XP or Vista. I realize that the statement I made is Windows-only but that's because I won't affect to breathe knowledgeable on virtualization on the Linux side (and I won't even try and touch Mac). However, virtualization solutions such as Xen effect exist. Back to the Microsoft side of the house, not only is there Xen, but there are more traditional names of VMware and Microsoft.Don't just stop at installing the software (and don't just install it once, either). Learn the features centered around what you're most interested in. Work with the SQL and proprietary commands. Learn the tools. pick up to where they are second nature to you. After all, the better you know the technology, the more efficient you become with it. The more efficient you are and the more scholarship you fill with your chosen platform, the better an asset you are for the organization that picks you up. While knowing the technology frosty may not guarantee a successful technical interview (that requires work on those soft skills), not knowing the technology well pretty much ensures a penniless technical interview.

If you're thinking, "What tools are available to wait on me become more proficient?" there are quite a few. However, this post is getting long in the tooth; therefore, I'll focus on those resources, including discussing training and certification, next week.

Technorati Tags: DBA | Life | Work | Career Development

Book Review: Database Design for Mere Mortals | existent questions and Pass4sure dumps

By Tad Anderson

Article Rating:

April 12, 2013 09:45 AM EDT


8,976 This reserve is THE reserve for the database beginner. It thoroughly covers design principles and process, and it covers them in depth.

The reserve is broken into four parts, fragment I: Relational Database Design, fragment II: The Design Process, fragment III: Other Database Design Issues, and fragment IV: Appendixes.

Part I starts with a chapter that gives the history of databases and the path they took to pick up where they are. It continues with a chapter that covers the intuition to fill a friendly design methodology and what the goal of the methodology should be.

Chapter three is really icy for those just getting into database design. It introduces some of the most common terminology used in the database design process. It is not just a glossary (which this reserve also has after the appendixes), it goes much further than just a definition and includes diagrams to wait on with the explanations.

Part II covers the database design process. Topics the author covers include table structures, bailiwick specifications, assigning primary keys, table relationships, views, and levels of data integrity.

Part III covers noxious design and when bending the rules of proper design are ok.

The appendices (Part IV) include a summary of design guidelines, specimen contour templates, diagram symbols, a check list of design guidelines, and an activity diagram (flowchart) of the database design process.

I fill listed each fragment and the chapters they accommodate below.

Part I. Relational Database Design1. The Relational Database2. Design Objectives3. Terminology

Part II. The Design Process4. Conceptual Overview5. Starting the Process6. Analyzing the Current Database7. Establishing Table Structures8. Keys9. bailiwick Specifications10. Table Relationships11. commerce Rules12. Views13. Reviewing Data Integrity

Part III. Other Database Design Issues14. noxious Design—What Not to Do15. Bending or Breaking the Rules

Part IV. AppendixesA. Answers to Review QuestionsB. Diagram of the Database Design ProcessC. Design GuidelinesD. Documentation FormsE. Database Design Diagram SymbolsF. Sample DesignsG. On NormalizationH. Recommended Reading

One thing this reserve does not include is coverage of the structured query language bracket (SQL). This reserve is purely about designing the database not about what to effect with the data once it is in the database. That's not a downfall of the book, it actually makes it better. The author is able to focus on design principles and drill much further into them by excluding teaching SQL.

Overall I found the author's writing made reading the reserve a pleasant experience. I cannot declare that for totality database books I fill read. Another intuition it is friendly is that the author goes into extreme detail on each topic he covers.

The author also has made the forms he uses in the reserve available in Word and PDF format for download on the publisher's web site

All in totality I highly recommend this reserve to database beginners. It will teach you how to effect things the perquisite way from the get-go.

I also recommend it for the non-DBA developer who is tasked with creating databases on their projects because the project can't afford a existent DBA. There are a lot of those out there and I fill seen them breathe the occasions of many painful projects that fill to manipulate friendly code into noxious code to compensate for penniless database design.

Database Design for Mere Mortals: A Hands-On lead to Relational Database Design (3rd Edition)

Tad Anderson has been doing Software Architecture for 18 years and Enterprise Architecture for the past few.

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By Liz McMillan

The term "digital transformation" (DX) is being used by everyone for just about any company initiative that involves technology, the web, ecommerce, software, or even customer experience. While the term has certainly turned into a buzzword with a lot of hype, the transition to a more connected, digital world is existent and comes with existent challenges. In his opening keynote, Four Essentials To Become DX Hero Status Now, Jonathan Hoppe, Co-Founder and CTO of Total Uptime Technologies, shared that ...

Feb. 6, 2019 04:30 PM EST


Servicing News; FHA and VA Update; US Bank Exits Wholesale | existent questions and Pass4sure dumps

Upset that Richard Cordray has left the CFPB and is officially running for governor of Ohio? Bored with lending here, and want to vanish into the home financing commerce in Africa? Per AllAfrica, Tanzania leads the pack with mortgage rates at 18%. The U.S. isn't the only country struggling with affordable housing. The harmony of Tanzanian urban households who might afford the cheapest newly built house by a private developer, given current mortgage financing, was only one per cent, lower than Uganda (3%), Rwanda (3%) and Kenya (8%). (See? I read other things beside airline magazines and the National Enquirer.)

Servicing Update

Pete Mills, SVP, Residential Policy and Member Services with the MBA, sent, "Rob, as a succeed on to your recent tutorial on MSRs, I just wanted to highlight a significant advocacy win for MBA, independent mortgage bankers and the entire mortgage market. The Senate tax reform bill, as introduced and passed by the Senate Finance Committee, contained a provision that would fill dramatically altered the tax treatment of Mortgage Servicing Rights. In a significant win for the MBA and the industry, the manager's/substitute amendment contained an MBA-supported provision offered by Se. Mike Rounds (R-SD) and supported by Senate Finance Committee Chairman Hatch (R-UT) that excluded from taxable income "any item of extreme income regarding a mortgage servicing contract." Without that amendment, the bill would fill taxed MSRs in the year they are booked, rather than as the cash is received over time.

"The long-standing alignment of tax payments with servicing cash flows is an integral feature of their entire housing finance market that drives commerce models and is priced-in to mortgage interest rates (as you celebrated in your recent MSR tutorial). Altering the taxation of MSRs would have: caused many, if not most, independent mortgage banks (IMBs) to give up servicing as the tax payments would occasions a liquidity drain, forced re-aggregation of the market, giving borrowers fewer financing options and forcing more frequent transfers of their loans' servicing, and created an MSR market with many sellers and far fewer buyers, reducing liquidity for MSRs, downward re-pricing of the asset (for both retained and released MSRs), and higher interest rates. This adjustment could fill been quite sharp and disruptive at the outset of the tax change.

"One of the keys to securing the amendment was the strong response to MBA's convoke to Action and the approximately 9000 letters sent to Senators by MBA members through the Mortgage Action Alliance. Those voices were amplified by numerous individual calls by MBA members to key Senators explaining the unintended repercussion of the provision. MBA thanks everyone who acted!"

A couple Deals Worth Mentioning...

MountainView financial Solutions was the exclusive sale advisor to a $1.7 billion FNMA/FHLMC non-recourse servicing portfolio. The portfolio was a 100% 1st lien product package with a 718 WaFICO, 72.6% WaLTV, 4.12 WAC, $215k medium loan size, with top states: California (62.4 percent), Washington (6.6 percent), Arizona (6.5 percent), and Oregon (4.7 percent).

MIAC offered up 43 NPLs totaling $3mm. Bids were due 12/6/17 EOB. Loan even bids were welcomed but AON is preferred. "BPOs are available and totality files are available for review."

IMAC #104488 $10mm (19 loans) Hybrid ARMs Bank NYC Investor Loans; 5.51% WAC, 53.96% LTV, 4.5% reset margin, 6/2/6 caps, 355 WaRemaining Term, 5 WALA, 743 WaFICO, 91% rental properties, 100% NY.

FZDS, an NFDA certified company provider of flood zone determination services to the mortgage lending industry, announced the integration of its flood determination and mapping services with Fiserv's LoanServ loan servicing solution. The integration provides Fiserv clients with timely and reliable flood zone determinations with automated life-of-loan tracking, transfers, and payoffs.

FHA, VA, and Ginnie Mae Program News

If you are an interested party in the Ginnie Mae Multiclass Securities Program, click here to view information regarding an impending change in policy regarding the eligible collateral requirements for Ginnie Mae Platinum Securities.

Platinum Participants may aggregate Ginnie Mae II ARM pools within its modern WAC ARM Platinum program. Fourteen (14) modern WAC ARM Platinum Pool Types have been created in the Platinum Processing Application.

If your company is doing streamline refinances, pay attention! Ginnie Mae rolled out APM 17-06 announcing its next step in the continuing trouble to address the detrimental loan churning and high prepayment speeds in its securities. The announcement expands pooling restrictions to cash out refinance loans, and outlines additional measures taken to protect the Ginnie Mae security. Any covered loans that effect not meet these requirements are prohibited from being pooled into Ginnie Mae standard MBS pools. 

"Additionally, Ginnie Mae is actively monitoring the pooling activity of issuers to identify conduct that violates these changes and is also now increasing the tracking and analysis of prepayment rates. Furthermore, prepayment information will now breathe included in Ginnie Mae's Issuer Operational Performance Profile (IOPP) scorecard, which is used to evaluate issuers against their peers."

Beginning with the November 2017 HMBS disclosures, Ginnie Mae began disclosing the HECM Loan MIP Rates based on the FHA policy change per Mortgagee missive 2017-12.

FHA announced a planned upgrade to its TOTAL Scorecard database beginning at 10:00 pm on Wednesday, November 22, through Saturday, November 25, 2017. During the upgrade, TOTAL Scorecard and FHA Connection (FHAC) will remain accessible during standard operating hours; however, data from transactions routed through the TOTAL Scorecard will not breathe transferred to FHAC until the upgrade is complete. It is notable to note that the AUS national database upgrade does not impact the completion of the endorsement process for those transactions where TOTAL scoring is complete prior to the start of the upgrade. 

As previously announced in Newsflash C17-057, dated November 14, 2017, Wells Fargo Funding will no longer proffer FHA and VA 7/1 and 10/1 ARM products as of December 11, 2017. This change is in response to current market conditions, which fill caused pricing for some FHA and VA ARM products to breathe higher than their fixed rate counterparts.

Pacific Union recently posted updates that include the following: Due to an increased number of manufactured homes not converted to existent property 'at closing', manufactured homes must now breathe classified as existent property 'prior to closing' for totality FHA, VA, and USDA transactions.  A maximum of 45% DTI is required on Refer/Eligible recommendations and manually underwritten loans for VA products.

PennyMac posted information regarding an update to FHA DTI overlay.

Franklin American Mortgage Company has increased the maximum loan amount on VA Jumbo transactions to $1,500,000 for totality transaction types. Loan amounts greater than $1,000,000 will require a 700 minimum FICO. This change is effective immediately.

Caliber Home Loans is offering the FHA 203H with 100% financing designed specifically for disaster victims who are replacing a lost home, available for single-family properties and FHA-approved condominium units.

Pacific Union Financial issued a reminder that as of January 30, 2017, it revised the seasoning requirement for VA IRRRL transactions to require a minimum of six consecutive monthly payments prior to loan closing date. If the credit report does not reflect six consecutive monthly payments, the required payment history must breathe obtained from the servicer. If the credit report/payment history does not reflect six consecutive monthly payments when the loan is underwritten, the loan will breathe conditioned for an updated payment history and a pellucid to proximate will not breathe issued until the required payment history is provided. No exceptions will breathe made to this overlay.

Isn't the First, Won't breathe the Last

Remember when a couple gigantic banks, namely Bank of America, Chase, and Wells, exited wholesale? Non-depositories rushed into the void. If one looks at the stats from 2016, one sees volume/market share rankings of United Wholesale, Caliber, Stearns, Provident, Freedom, Sun West, Plaza, Flagstar, Franklin American, LoanDepot, CMG, Union Bank, US Bank (2.3%), Finance of America, and MB Financial.

"U.S. Bank Home Mortgage will exit the Wholesale Mortgage Lending channel as they strategically realign their growth plans and investments for the mortgage business. As fragment of this change, approved wholesale brokers will fill until the proximate of commerce on December 11, 2017 to register loans for funding no later than March 12, 2018. This change does not repercussion their purchase of closed loans from Correspondent and Housing Finance Agency lenders or their Retail lending business.

"The mortgage industry is undergoing rapid transformation fueled by emerging technologies that hold the potential to dramatically better the mortgage lending customer experience. Investments, such as the U.S. Bank Loan Portal, fill positioned us as a leader in leveraging these technologies to grow their business. However, they are just at the beginning of their long-term transformation journey. Building on their strong foundations in Retail, Correspondent and Housing Finance Agency lending will require on-going focus to maintain their leadership positions in these core channels. This strategic refocusing led to the difficult decision to exit Wholesale Mortgage Lending."

So, does the widespread bank exit from wholesale open opportunities for midsize non-depository independents in this channel, given that the terminal money focus bank has exited? I'd declare yes.

Capital Markets

The flattening yield curve is certainly receiving a lot of attention as the 2-10 gap approaches 50bp. (At 25 basis points each, outright inversion would result within the next two Fed hikes if 10-yr. yields don't rise). But yesterday the 2s10s spread edged up one basis point to 53 bps after Tuesday's five-basis point contraction. Agency MBS and U.S. Treasury prices ended Wednesday on a higher note. 30-year mortgages, which tend to track 5 or 7-year Treasuries more than 30-years, rallied and the 10-year closed yielding 2.33%.

This morning we've had the November Challenger job cuts (35k - still low), as well as initial jobless claims (down to 236k). Tomorrow is the employment data, but it would fill to breathe a gigantic surprise for the Fed not to promote the agenda of another rate enlarge next week. The 10-year is currently yielding 2.34% and agency MBS prices are unchanged versus Wednesday's close.

Jobs and Promotions

As fragment of its expansion throughout the western United States, Western Bancorp is excited to welcome Mike Jones as Regional Vice President, Sales for the Pacific Northwest based in Seattle. "With over 25 years of creating and managing multi-million dollar producing teams, Mike will breathe structure his organization to grow pipeline in Washington, Oregon, Arizona, Nevada, Utah, and Idaho. Specializing in training and coaching modern sales teams, Mike is a welcome addition to their growing company. Prior to joining Western Bancorp, Mike held senior leadership mortgage sales roles at a handful of well-known banks and lenders. Mike is looking for Senior Account Executives in totality the markets so contact him(425.283.7950).

"Mr. Cooper Correspondent is excited to promulgate the addition of Stephen (Steve) Smith as the Account Executive for the Northeast Region. Based out of the Washington D.C. area, Steve joins their team with 18 years industry taste covering Mandatory, Best Effort, Non-Delegated and Wholesale executions. Steve will breathe working closely with Peg Eaton, Account Representative, to continue to grow the Northeast Region focusing on modern York, modern Jersey, Washington D.C., Maryland, Maine, modern Hampshire, Vermont, Connecticut, Massachusetts, Rhode Island, Delaware, West Virginia, and Northern Virginia. Steve is looking forward to meeting with totality their valued clients in the region, discussing how they can better serve you, and sharing their continued enhancements to their Correspondent channel! Mr. Cooper recently celebrated their five (5) year anniversary in Correspondent and they continue to focus on ease of doing business, product development, and providing their valued clients and borrowers a world class experience."Caliber Home Loans Inc., America's fastest growing mortgage company, recently received national recognition for its support for the military and veteran community. The Employer Support of the Guard and Reserve (ESGR), an office of the Department of Defense, presented Caliber with the ESGR Seven Seals Award for 2017. As a company recognized by VetJobs, MReport Magazine and Military Friendly Brands, Caliber provides its military and veteran employees with the necessary tools and resources to breathe successful. "Caliber is honored to receive this recognition from the ESGR, an organization that makes a tremendous repercussion for the military community," said Caliber CEO Sanjiv Das. "We account it their duty and reverence to support veterans, reservists and military spouses. Looking ahead, they are committed to furthering their support for this community through 2018 and beyond." To learn about how Caliber can support your military and veteran needs, contact Bryan Bergians or visit

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