Reason #1: Our clients depend on our knowledge. Without this data we are at a major disadvantage.

where are 2 through 20?  =)P  Oh wait, #2 : You learn how to determine the shifting of the market and how to bes serve your clients by seeing the "big picture"

#3 It gives you time to react to swift negative changes in the market.

#4.  Keeping on top of the swift and every changing market

we know when to lock and we know when to float

Looks like this is 7 since Bobby didn't number...

7.) How else do you get to look awesome when speaking to CPA's, CFP's, and anyone else with initials after their name.

8.) Because it's much cooler to know the real answer to where do rates come from, instead of saying 'the rate sheet'

AC

Stephen Ames:

#9 - The kewl looking graphs and blinkies make you look smart when people walk by your computer!

5 stars for that one!!!!!

#10 It makes us popular and part of the "cool kids"

#11 With this information we do not need to sell anything. We inform the clients of possible risk/reward analysis and they make the final decision. I have been taking this approach for a few weeks now and it works!

Good idea for a post Tadros!

I'll add mine:

#12: If enough LO's learn enough about MBS and the market in which they operate, consumers will end up getting better service and rates.  Happy consumers that know they get good deals are more likely to create demand for financing, and the fact that they are paying less than they would with the guy up the road allows them to participate in the economy to a greater degree.  So basically, MBS education is the best economic stimulus plan there is. 

(we should get government funding)

Matthew Graham:

Good idea for a post Tadros!

 

I'll add mine:

#12: If enough LO's learn enough about MBS and the market in which they operate, consumers will end up getting better service and rates.  Happy consumers that know they get good deals are more likely to create demand for financing, and the fact that they are paying less than they would with the guy up the road allows them to participate in the economy to a greater degree.  So basically, MBS education is the best economic stimulus plan there is. 

(we should get government funding)

Can we nominate someone to get this idea in front of Paulson? Sounds like a brilliant idea for some TARP funds.

AC

Antonio Cibella:

Can we nominate someone to get this idea in front of Paulson? Sounds like a brilliant idea for some TARP funds.

AC

i don't know, but whoever does, I'd only need a couple hundred million, and I'd totally split it with you.

I think it might be a good idea to educated the financial Wizards on this more than the brokers.  Some of the questions and answers these guys talk about in the meetings are deeply disturbing are show a major lack of understanding on policymakers' parts.

Matt, how about a 10% discount to policymakers in the US?  I think they still only watch the 10yr to gauge where mortgage rates are going.

Steve, I don't think Matt would be flying in on a private jet though.. (maybe not just quite yet, right Matt!) acouple more subscriptions, that should do it

Adam S:

Steve, I don't think Matt would be flying in on a private jet though.. (maybe not just quite yet, right Matt!) acouple more subscriptions, that should do it

He did mention that coach is becoming unacceptable tho... lol

#13- Make contact with like minded mortgage professionals and spread the wealth. (referrals, ideas, marketing, etc)