Fri, Jun 9 2023, 10:30 AM
Imagine my surprise at finding tag (like on the playground) is an organized sport. Imagine my surprise at finding two gas stations at the same interse...
Thu, Jun 8 2023, 11:09 AM
There’s a lot going on, and not only jawboning about a potential Fed rate increase next week. We have the smoke drifting down from Canada and slowing ...
Wed, Jun 7 2023, 10:50 AM
Mortgage news temporarily aside, how about the government contemplating a law that would require cars to have AM radio?! AM radio goes farther than FM...
Tue, Jun 6 2023, 10:45 AM
Well, what should we start with today? How about how California and Texas ranked highest on the United States Postal Service’s annual list of states w...
Mon, Jun 5 2023, 10:42 AM
It isn’t as if building or lending products, or ways of doing business, were handed down by Trappist monks. Change is always afoot, for better or wors...
Fri, Jun 2 2023, 9:53 AM
While lenders are grappling with steadily increasing Agency repurchase requests, it’s National Donut Day! Someone had better offer those folks at Stat...
Thu, Jun 1 2023, 9:54 AM
The United States has about 336 million people. Did you know that 1/3 of them live within a 500-mile radius of Nashville? This is a cool site for anyo...
Wed, May 31 2023, 9:09 AM
A biologist, a chemist, and a statistician are out hunting. The biologist shoots at a deer and misses five feet to the left. The chemist takes a shot ...
Tue, May 30 2023, 10:35 AM
Lender and Broker Products, Software, and Services What do dozens of decision-makers know that would lead them to invest in their origination techno...
Fri, May 26 2023, 11:12 AM
Did you know that wheat futures prices are at a 2-year low? And lumber prices continue to drop? Those numbers should help reduce inflation. During the...
Thu, May 25 2023, 9:34 AM
My notes from the MBA’s conference this week continue, including talk about new home sales being +4.1 percent for the month (+11 percent year over yea...
Wed, May 24 2023, 10:26 AM
As the MBA’s Secondary Conference in New York wraps up, and jokes are made about who actually paid for Fannie’s reception (informally titled “The Repu...
Tue, May 23 2023, 9:47 AM
Does your company have a decent product for a borrower who crowd-funded their down payment? How about a house with a granny unit in the back? Trends i...
Mon, May 22 2023, 10:31 AM
If you’re staying here in Manhattan, space is at a premium. I don’t recall the last time my room had a bathroom where one could turn the shower on, fl...
Fri, May 19 2023, 10:10 AM
For me, yesterday involved a trip from Connecticut to Northern California, with talk of a lack of inventory, relatively high mortgage rates, and loan ...
Thu, May 18 2023, 9:14 AM
This Commentary has made a name for itself in covering breaking, shocking news that other, lesser outlets are too timid to even mention. “One day I ho...
Wed, May 17 2023, 10:47 AM
I head to Connecticut early today for the CMBA conference, but on another personal note, congratulations to Robbie Chrisman, host of the daily mortgag...
Tue, May 16 2023, 9:19 AM
While Academy Mortgage is in the headlines again about its data breach and ransomware, from which no company seems immune, remember that, “In a democr...
Mon, May 15 2023, 9:54 AM
“When I was young, I was poor. But after decades of hard work, I am no longer young.” The quip about “The greatest cause of death is birth” aside, we’...
Fri, May 12 2023, 10:02 AM
If I had a dollar for every time someone called me a boring nerd, I'd have a mean daily income of $5.64 with a standard deviation of $1.25. Turning “b...
Thu, May 11 2023, 10:51 AM
In Boston, “wicked pissa smart” is a compliment. I’ll argue that success in lending isn’t based on trying to predict where interest rates are going, s...
Wed, May 10 2023, 10:20 AM
“We are going to have a sales contest this month. The winners will get to enter next month’s contest.” Hardy har har, right? (Note: watch Glengarry Gl...
Tue, May 9 2023, 8:50 AM
Wanna track your credit score minute by minute, regardless of whether you speak English, Spanish, whatever? I have no idea why any sane person would w...
Mon, May 8 2023, 9:28 AM
Amidst the seemingly week mass shootings and violence, individual deaths stand out. Heartfelt condolences go out to Jennifer and Dan Gilbert, of Rocke...
Fri, May 5 2023, 10:46 AM
Airbnb rolled out some changes in an effort to take business away from hotels. Mexico has about 400,000 Airbnb listings, and I mention this because to...
Thu, May 4 2023, 9:55 AM
Inflation? Yes, inflation! Yesterday I flew from San Francisco to Cody, Wyoming for the WMLA Conference, and indulged in a breakfast at SFO of a slice...
Wed, May 3 2023, 10:45 AM
If I tried to carry my cat Myrtle around like in this short video, there would be conflict. We all continue to hear conflicting information about home...
Tue, May 2 2023, 10:07 AM
If you’re really happy when a scheduled conference or Zoom call is cancelled, does that mean you’re in the wrong line of work? (Asking for a friend.) ...
Mon, May 1 2023, 9:25 AM
Did you know that cows snooze laying down for the four hours of sleep they need a day? Did you know that horses sleep standing up? These tidbits may c...
Fri, Apr 28 2023, 10:08 AM
“Rob, earlier this week you posted some ‘units funded’ information from the MBA showing a dramatic decline from a few years ago... Dollar-wise, certai...
Thu, Apr 27 2023, 10:27 AM
Born in Ukraine, Golda Meir said, “Old age is like a plane flying through a storm. Once you are aboard there is nothing you can do about it." (Doubtfu...
Wed, Apr 26 2023, 10:14 AM
There are 3 things that tell the truth: small children, drunk people, and yoga pants. HMDA data is close behind. Warning: sobering thoughts ahead, and...
Tue, Apr 25 2023, 9:51 AM
While here in Denver I received an email. “Rob, does what’s going on in Florida impact lenders?” I had to figure out if the author was asking about Di...
Mon, Apr 24 2023, 9:31 AM
I head to Colorado Springs this morning, the scene of $3,000 mountain bikes in bike racks on top of $500 cars. There are roughly 380 bank branches in ...
Fri, Apr 21 2023, 10:17 AM
California, home of nearly 25 percent of home loans, is doing some interesting things, utility-wise. Last year came AB 205 which instructs the state’s...
Thu, Apr 20 2023, 10:44 AM
Merry 420, which coincidentally was the yield on the 2-year Treasury note early today. Data and lawsuits about data… What’s in your wallet? Or maybe I...
Wed, Apr 19 2023, 9:57 AM
“Yesterday I asked my kindergartener what she did in school, and she replied ‘nothing,’ then later I went on Instagram and her teacher had posted a pi...
Tue, Apr 18 2023, 8:48 AM
“Last week I told a joke over a Zoom meeting. It wasn’t even remotely funny.” Working remotely from home, or at least adopting a hybrid model, is some...
Mon, Apr 17 2023, 9:28 AM
A friend of mine who lives in her own unit in a mobile home park was telling me that her rent is about to go up by a huge amount, and said that, “That...
Fri, Apr 14 2023, 9:42 AM
Who is Harrison Ruffin Tyler? Answer: He is the last living grandchild of former U.S. president John Tyler, born in 1790. (Tyler was President from 18...
Thu, Apr 13 2023, 10:19 AM
(Warning: cuteness ahead.) How does it feel to be a loan officer dealing with multiple borrowers on one loan? The study of how people borrow money, an...
Wed, Apr 12 2023, 10:29 AM
This morning I head from Seattle to Atlanta for some MBA/STRATMOR Peer Group meetings. Seattle has its share of hipsters, and sometimes one needs a tr...
Tue, Apr 11 2023, 10:22 AM
“The human brain is the most amazing organ in the human body. It works 24 hours a day, 365 days a year, from birth up until the moment that you buy yo...
Mon, Apr 10 2023, 10:48 AM
I just looked at the balance of my checking account: $LMAO.00. Here’s a tip of the day to keep your bank account from going to $0 with this non-mortga...
Fri, Apr 7 2023, 10:11 AM
Rates can be 0 percent, but if there are no homes to buy, lender and real estate agent activity will grind to a halt. I realize that this is an extrem...
Thu, Apr 6 2023, 9:26 AM
My cat Myrtle never turns down a good helping of enchanting, diced, barbequed beef. (Sorry vegetarians: La Principessa is a carnivore.) I realize that...
Wed, Apr 5 2023, 11:09 AM
“I’ve had $8,000 in my bank account and I’ve had $8. Let me tell you, the $8 lasted longer.” $42 billion in deposits didn’t last long in Silicon Valle...
Tue, Apr 4 2023, 10:25 AM
I was having dinner in Manhattan last night, with the topics including Virgin Orbit filing for bankruptcy and the continuing Homepoint rumors (any que...
Mon, Apr 3 2023, 10:20 AM
Today I’m in Manhattan, having flown in to one of the nicer malls I’ve ever walked through, aka LaGuardia Airport. ($8 billion goes a long way.) No, I...
Fri, Mar 31 2023, 9:27 AM
“My landlord told me that she would like to have a chat with me about the house's sky-high heating bills this winter. I told her, ‘Sure thing, wheneve...
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