Well, we knew it was coming. With the holiday moratoriums getting ready to kick into gear, many National Association of Mortgage Field Services (NAMFS) members are experiencing extreme shortfalls in revenue even with the tens of millions of dollars in price increases from Fannie Mae and Freddie Mac. And while Craig Karnes is attempting to circle the wagons for the House of HUD on behalf of his Squad, the reality HUD Cheerleading isn’t going to impact many of these firms no matter what they all paid to attend the prom. That’s the deal, isn’t it? While in the past, access was a paid only event and some Masonic, jive ass handshake bullshit, today it holds no more weight than the documents assembled over time.
Cyprexx is one of those firms that just never really got it. Ronny Ory, the owner, threw $1,000,000 at the Trump Inauguration Ball when the Hack-in-Chief paraded into Washington like some Banana Republic dictator. Problem was that the MAGA hat just didn’t fit on Ory’s head to well. And in light of the January 6th attack, in conjunction with the 91 felony indictments against Ory’s flame, it has all come crashing down. And whether or not Ronny and Linda support the anti-Semitic remarks that Trump frequently makes is immaterial. One Million Dollars speaks louder than any statement that could ever be made!
Cyprexx has always been an on again off again provider in the Mortgage Field Services Industry. They have never really been capable of attaining a Prime Vendor status and have had to make up for their lack of success by and through the persecution of Labor. Word on the bricks is that Cyprexx is having problems making ends meet and selling off isn’t an option. Taken hand-in-hand with the simple and salient fact that 7% loans put Cyprexx out play very soon.
If for no other reason than the fact that Ory is associated with Trump should be enough to connect the dots. The potential to lose your money as Labor, though, ought to be the apolitical reason to move today and look at firms like Guardian Asset Management whom are not only hiking prices, but giving Labor a seat at the Table!
