Today, 11:50 AM
If you want to see an unscripted moment where politics and the central bank collide, thank Ken Sonner for sending over this clip of President Trump an...
Thu, Jul 24 2025, 11:41 AM
July 24… While much of the nation swelters, if you live in Utah, it’s Pie and Beer Day. Uh, I mean, Pioneer Day. The average home in Utah now costs $5...
Wed, Jul 23 2025, 8:28 AM
The residential lending industry touches all facets of life, and the best LOs are not focused strictly about mortgages. I start off this Commentary wi...
Tue, Jul 22 2025, 11:53 AM
You may not believe in climate change, but your insurance company and mortgage servicer certainly do. It is a fact that warmer air can hold more moist...
Mon, Jul 21 2025, 11:51 AM
“Sometimes, someone unexpected comes into your life outta nowhere, makes your heart race, and changes you forever. We call those people cops. (Where d...
Fri, Jul 18 2025, 11:54 AM
With all of this talk about replacing people in our biz, could this be a future mortgage banker’s conference? Delta is moving toward eliminating set p...
Thu, Jul 17 2025, 11:52 AM
“I forgot to put the seat belt on my five-year-old boy this morning and as we were leaving the trailer park, somebody shouted, ‘You're an irresponsibl...
Wed, Jul 16 2025, 11:52 AM
JPMorgan told FinTechs that it will charge for access to its customers’ bank information. The fees would bring big bucks to JPMorgan but eat into the ...
Tue, Jul 15 2025, 11:53 AM
Here’s a cool password: 2 444 66666 8888888 9. (You can figure it out.) I’m no IT wizard, but some are. Do you want AI to open your emails and create ...
Mon, Jul 14 2025, 11:50 AM
In news for fans of the wholesale lending channel (more below), heading into the baseball All Star Break the Philadelphia Phillies, owned in part by F...
Fri, Jul 11 2025, 11:40 AM
Don’t forget to snag your free Slurpee today at participating 7-Elevens! Speaking of edible things, I like my Frosted Flakes, Froot Loops, and Raisin ...
Thu, Jul 10 2025, 11:46 AM
Lenders and servicers have entire sets of policies and procedures based on the Federal Emergency Management Agency (FEMA) declaring an emergency in a ...
Wed, Jul 9 2025, 8:33 AM
If you think that everything is great in the U.S. economy, maybe it’s not. At least in New Jersey. While many residents are frolicking on the Jersey S...
Tue, Jul 8 2025, 12:17 PM
We’re in the summer travel season. TSA will be eliminating its “shoes off” policy, and many will be sampling today’s rollout of Spicy McMuffin breakfa...
Mon, Jul 7 2025, 11:51 AM
The nation is gripped with the flooding in Texas, the loss of human life and property, and how best to prevent future similar occurrences given the in...
Thu, Jul 3 2025, 11:48 AM
Tomorrow is the 4th of July, the only time of the year Americans say the day and month in the correct order. We find ourselves in the traditional “dog...
Wed, Jul 2 2025, 11:51 AM
“Pro Tip: Here’s a friendly 4th of July reminder that absolutely no one is going to watch the videos of the fireworks you record on your phone.” You c...
Tue, Jul 1 2025, 11:50 AM
“Life is like a roll of toilet paper: The closer you get to the end, the faster it goes.” Just like that, 2025 is half over. With it have come changes...
Mon, Jun 30 2025, 11:42 AM
“The seminar ‘How to avoid frauds’ is canceled. Tickets are non-refundable.” Mortgage fraud is alive and well in the United States. In Utah, Kouri Ric...
Fri, Jun 27 2025, 11:57 AM
Does anyone pay with cash anymore, or actually have the money in their bank account? Credit card debt is now $1.1 trillion. There is even a credit car...
Thu, Jun 26 2025, 11:40 AM
“I've been experimenting with breeding racing deer. People have accused me of just trying to make a fast buck.” There are no fast bucks to be made in ...
Wed, Jun 25 2025, 11:41 AM
AI doesn’t have an NMLS number. (Zillow has never, ever set foot in a house for that matter.) Do you own a computer? Most in lending do. Elon Musk? I ...
Tue, Jun 24 2025, 11:55 AM
Residential business is coming through in dribs and drabs for many lenders, but that doesn’t stop all the random news out there. To no one’s surprise,...
Mon, Jun 23 2025, 11:55 AM
For many, business is slow out there, and the industry waits for the House vote on the abusive trigger lead bill. Depository banks continue to focus o...
Fri, Jun 20 2025, 11:42 AM
Happy Summer Solstice, and happy 50th birthday to the movie Jaws. Back then, for security, all we had to remember was where we hid our house key, or t...
Wed, Jun 18 2025, 11:53 AM
Today we hear from the U.S. Federal Reserve. We can expect no change to overnight fed funds. As pointed yesterday by Dr. Paul Brewbaker, the economist...
Tue, Jun 17 2025, 11:46 AM
In Spain, Spaniards are shooting water pistols at foreigners to protest the impact of mass tourism: it has created a housing crunch. Tourism in the Un...
Mon, Jun 16 2025, 11:43 AM
Any food science major will tell you that the difference between jelly and jam is that jam has chunks of fruit in it; jelly is strained. There is also...
Fri, Jun 13 2025, 11:51 AM
Hey, for you LOs who think things are slow, you can always go into golf. The best example of this is ex-LO Ben Griffin who has racked up $11 million i...
Thu, Jun 12 2025, 11:51 AM
“I was always a home builder, but lately I’ve developed an apartment complex.” Here in Florida, so many structures are made of stucco because stucco i...
Wed, Jun 11 2025, 11:50 AM
Here in Tampa, I was walking through the hotel bar last night when I overheard someone say, “Age 60 might be the new 40, but 9:00 PM is the new midnig...
Tue, Jun 10 2025, 11:42 AM
“Why is Ireland so expensive? House prices are always Dublin'.” Those days are temporarily over in the United States, and the pendulum is quickly swin...
Mon, Jun 9 2025, 11:52 AM
For the next several days I am in Florida, in mortgage meetings and the MBAF, and in Saturday’s Commentary I noted the intense flurry of conference ac...
Fri, Jun 6 2025, 11:45 AM
Today is the 81st anniversary of D-Day. “My granddad was responsible for 25 downed German planes in WW II. To this day, he is still known as the worst...
Thu, Jun 5 2025, 11:48 AM
The last time I was in Florida I saw a bumper sticker that said, “I thought growing old would take longer.” This weekend I return to the Sunshine Stat...
Wed, Jun 4 2025, 11:52 AM
As the world is watching the chicks learn to fly on the eagle cam, in the human world there are more “For Sale” signs. You know that problem we’ve had...
Tue, Jun 3 2025, 11:50 AM
My cat Myrtle never seemed to listen, but heard lots. LOs can hear the difference, when dealing with a borrower, between “What is your rate?” versus “...
Mon, Jun 2 2025, 11:51 AM
Any lender or mortgage loan originator hoping for lower rates to spur business is learning that hope is not a strategy. “Rob, you’re always talking ab...
Fri, May 30 2025, 11:42 AM
“Rob, what are the odds that the MBA will set up a ‘Man Park’ at the big conference in Las Vegas in October?” Slim to none. The United States is an in...
Thu, May 29 2025, 11:50 AM
How about those junk emails that start off with, “I’m not going to waste your time.” It already wasted my time. Is it a waste of time paying attention...
Wed, May 28 2025, 11:40 AM
Overheard in the hallways at last week’s MBA conference: “At my age, instead of a condom I carry a moist towelette in my wallet. At my age, I run into...
Tue, May 27 2025, 11:26 AM
Are your underwriters this fast? The current Administration has been fast to ax groups of employees in various government departments, including the A...
Fri, May 23 2025, 11:47 AM
“I can’t afford an Ancestry DNA kit to learn about my relatives. So instead, I posted online that I had won the Powerball Lottery.” Speaking of news d...
Thu, May 22 2025, 11:51 AM
Yesterday I headed west from the conference while my son Robbie headed south to the nCino nSight event. But while in Manhattan Dawn S. asked me, “How ...
Wed, May 21 2025, 11:50 AM
As nearly a thousand capital markets staff, managers, and vendors head home from Manhattan, united in trying to help borrowers, in a reflection of the...
Tue, May 20 2025, 11:41 AM
A mullah, a rabbi, and a priest walk into a bar here in New York. The bartender says, “What is this, some kind of joke?” What isn’t a joke is people’s...
Mon, May 19 2025, 11:22 AM
People who don’t attend the National Secondary here in Manhattan wonder what happens behind the scenes. Here you go. We had the MCT elevator failure l...
Fri, May 16 2025, 11:44 AM
This weekend is when many of us head to Manhattan for the MBA’s National Secondary event. For those flying in, check your ticket: NJ Transit’s on stri...
Thu, May 15 2025, 11:50 AM
“There’s a splendid saying about the definition of an economist being someone who “will know tomorrow why the things they predicted yesterday didn't h...
Wed, May 14 2025, 11:51 AM
As Roy Cohn once instructed a young Donald Trump, much can be accomplished by attacking first and dealing with the consequences later. I get opinions ...
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