Today, 11:48 AM
I don’t know where April went, but we’re at the end of it, and 2025 is 1/3 over. The future sure quickly becomes the past. In the book “1984” George O...
Tue, Apr 29 2025, 11:44 AM
My cat Myrtle was always interested in both the primary and secondary markets… for line-caught halibut. In residential lending, the secondary markets ...
Fri, Apr 25 2025, 11:52 AM
What if your client called the CFPB about a servicing issue, or any issue, and no one answered? Things are changing, but for a thorough write up on th...
Thu, Apr 24 2025, 11:48 AM
“I hate it when I see an old person and then realize we went to high school together.” Nothing lasts forever, not top lenders or even computer compani...
Wed, Apr 23 2025, 11:50 AM
“I won a million dollars and donated a quarter of it to charity! I now have $999999.75 left.” Money can be funny… or not. In the past, a “flight to qu...
Tue, Apr 22 2025, 11:39 AM
“My boss pulled up in his brand-new BMW today and I couldn’t help but admire it. “Nice car,” I said as he got out. “Well,” he said, noticing my admiri...
Mon, Apr 21 2025, 11:44 AM
In the 1980s I fell off my bike and hurt my knee. I'm telling you this now because we didn't have social media then. It doesn’t take social media to k...
Thu, Apr 17 2025, 11:55 AM
A week from today is “Take Your Child to Work Day.” Something tells me that it won’t be observed in U.S. Government offices. While we’re on family iss...
Wed, Apr 16 2025, 11:45 AM
“Every morning, I get hit by the same bicycle… It's a vicious cycle.” Double meanings aside, seasons and the earth’s rotation are cyclical, and Anchor...
Tue, Apr 15 2025, 11:33 AM
Here in San Diego at the CU:REALM event, Cotality’s Chief Economist Dr. Selma Hepp noted that consumer and business sentiment has already dropped and ...
Mon, Apr 14 2025, 11:45 AM
“Why don't you tell rumors in a Botox Clinic? Nobody raises an eyebrow.” Who can keep track of the rumors out there, like a combo of a well-known real...
Fri, Apr 11 2025, 11:44 AM
I don’t know if the rumor is true that Webster’s is considering adding “Tariffied” to its dictionary, but the word certainly fits the climate. Capital...
Thu, Apr 10 2025, 11:29 AM
“Over the course of 18 years, it costs over $235,000 for parents to raise a child... and that's just for the alcohol.” Here in Dallas, plenty of peopl...
Wed, Apr 9 2025, 11:13 AM
How ‘bout some good news? Last week’s apps skyrocketed, and… Builders are sitting on a pile of unsold homes and are slashing prices and offering mortg...
Tue, Apr 8 2025, 11:43 AM
Today I travel to the Dallas area for a Logan Finance event, and this comment from a friend last night is echoing in my ears: “Becoming an adult is th...
Mon, Apr 7 2025, 11:20 AM
“Many people told Beethoven that he would never be a musician because he was deaf. Did he listen?” This week hundreds of mortgage bankers descend on W...
Fri, Apr 4 2025, 11:41 AM
Ahead of next week’s MBA Advocacy event in Washington DC, I received this note from an industry vet. “With the continued consolidation into the large ...
Thu, Apr 3 2025, 11:43 AM
The Chinese curse, “May you live in interesting times” can easily be applied to the residential mortgage business in the last month or so. This week a...
Wed, Apr 2 2025, 11:44 AM
Does anyone use the term “elderly” anymore? Websters defines elderly as “anyone past middle age,” “middle age” being 45-64. Prepare for a fight if you...
Tue, Apr 1 2025, 11:41 AM
This ain’t no April Fools economic news: not only has Hooters declared bankruptcy, but apparently there is yet another push to have credit unions pay ...
Mon, Mar 31 2025, 11:48 AM
It’s been three years since Credit Plus re-branded as Xactus, and now another name brand in the mortgage world has a new name. Corelogic has become Co...
Fri, Mar 28 2025, 11:49 AM
“What is the difference between the government and organized crime? Only one of them is organized.” (Suitable for any administration.) Government poli...
Thu, Mar 27 2025, 11:21 AM
Here in San Diego at the MCT Exchange 2025, with nearly 500 registrants, the agenda’s keynote speaker and one of the panels was composed of Fannie and...
Wed, Mar 26 2025, 11:41 AM
Anyone who thinks politics doesn’t impact residential lending isn’t, frankly, paying attention. Let’s start with something simple, like… interest rate...
Tue, Mar 25 2025, 11:45 AM
This week I head to San Diego for MCT Exchange 2025, and my email has been heating up. “Rob, are you hearing about a big jump in lock volume last week...
Mon, Mar 24 2025, 11:58 AM
“A government survey has shown that 91 percent of illegal immigrants come to this country so that they can see their own doctor.” On a more serious no...
Fri, Mar 21 2025, 11:53 AM
“Elon is firing Twitter employees with bad posture. I have a hunch I might be next.” If I have a sprained finger, I don’t need a heart and lung transp...
Thu, Mar 20 2025, 11:43 AM
“My wife just left me. She says life revolves around baseball and she's sick of it. I'm quite upset. We were together for 7 seasons.” Say hello to the...
Wed, Mar 19 2025, 11:40 AM
Tired of writing those pesky checks? Wait no longer: If you don’t want to send a check through the U.S. Mail, for whatever reason, there’s Deluxe Paym...
Tue, Mar 18 2025, 11:00 AM
The calendar pages flip. We’re in mortgage conference season again in hotels around the nation, and why not have a little fun leaving your quarters (e...
Mon, Mar 17 2025, 11:25 AM
“My friend showed me a photo of a famous meteor crater in Arizona. It's amazing how close it landed to the Visitor's Center!” Here in Tucson, the weat...
Fri, Mar 14 2025, 12:05 PM
Time flies. We’re at “pi day” (3.14), two weeks until the end of the quarter, one month before our taxes are due. Tax returns for individuals are priv...
Thu, Mar 13 2025, 11:47 AM
Teddy Roosevelt thought that lawyers are trained to serve clients and not justice. An interesting discussion topic. Residential lending certainly has ...
Tue, Mar 11 2025, 11:42 AM
“Buying eggs on the street and weed in the stores: the times they are changing.” Borrowers are certainly reacting to changes in rates as capital marke...
Mon, Mar 10 2025, 11:53 AM
“Depression is merely anger without enthusiasm.” People flying around the nation have probably observed, or have heard, a change in the mood of airpor...
Fri, Mar 7 2025, 11:48 AM
“If you boil a funny bone, it becomes a laughingstock. Now that's humerus.” What isn’t humer…, uh humorous, is a) most states losing an hour Sunday mo...
Thu, Mar 6 2025, 12:03 PM
“I recently saw a woman at Walmart with March Madness teeth... She was down to the final four.” Risk-free, prepayment-free Treasury rates have approac...
Wed, Mar 5 2025, 11:52 AM
Today involves a flight from Cancun to the West Coast. Maybe the news flow will cease for me in the six hours in the air, but the news flow impacting ...
Tue, Mar 4 2025, 11:45 AM
Some argue that “March 4th” is the only date that is also a command (march forth), while others disagree and say that any date in March is also a comm...
Mon, Mar 3 2025, 11:43 AM
Can you believe it’s been five years since we were chuckling at, “I ran out of toilet paper and had to start using newspaper. Times are rough” and “Th...
Fri, Feb 28 2025, 11:52 AM
Here in Miami, and everywhere, lenders and real estate professionals are acutely aware of supply and demand impacting prices, as does anyone who buys ...
Thu, Feb 27 2025, 11:52 AM
AI is definitely a discussion topic among lenders: what is it, will it help the borrower, will it help the lender… How would you like every hand motio...
Wed, Feb 26 2025, 11:45 AM
While the House passed President Trump’s budget resolution, the industry is abuzz about the TV at HUD’s headquarters showing an AI video of Donald Tru...
Tue, Feb 25 2025, 1:03 PM
In Connecticut, a portion of the formal and informal talk here is about how builder news touches on lenders. (As an aside, Home Depot’s earnings, repo...
Mon, Feb 24 2025, 11:46 AM
Today I head to Connecticut for a visit with First World Mortgage and the Northeast Mortgage Summit. Today happens to be rocker George Thorogood’s 75t...
Fri, Feb 21 2025, 11:53 AM
While much of the nation deals with the severe cold, I received this note from a new loan officer in Oklahoma. “Rob, I overheard my secondary group ta...
Thu, Feb 20 2025, 11:44 AM
“Inflation is really getting out of hand... But that's just my 5 cents.” Inflation impacts the prices of fixed-income securities, like the kind backed...
Wed, Feb 19 2025, 11:45 AM
So, you drive across town to a gym to walk on a treadmill? There are always interesting and strange things going on out there. Huh? The Florida’s gove...
Tue, Feb 18 2025, 11:45 AM
This weekend I spent a little time in the Miami Airport and overheard two people discussing how they were waiting for a builder in Tennessee to finish...
Fri, Feb 14 2025, 11:25 AM
As rumors of the demise of HMDA reporting swirl, as well as a 50 percent reduction in HUD headcount and actual VA cuts, think about this the next time...
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