Tue, Mar 2 2021, 10:18 AM
As a kid, magic tricks are amazing because we think there is magic. As an adult, magics tricks are amazing because we know there is no magic. Lenders ...
Mon, Mar 1 2021, 9:36 AM
With the jump up in mortgage rates Thursday, and the move back down Friday, a few lock desk personnel wrote to me over the weekend asking about ways o...
Fri, Feb 26 2021, 9:28 AM
Huh? Rates don’t continually go down and then stay there for an indefinite period of time? No, they don’t. There’s this opinion piece in the Wall Stre...
Thu, Feb 25 2021, 10:44 AM
As hope for a recovery drawing nearer helps push rates higher, Carol K. writes, “I hate it when people ask me what I do for fun because there is no cl...
Wed, Feb 24 2021, 9:02 AM
There’s a cost to staying at home as much as we do. I went to the doctor the other day. She told me, “I’ve got good news and bad news. The good news i...
Tue, Feb 23 2021, 10:56 AM
(To listen to the audio version of today’s commentary, please click here .) Being home schooled was the goodest thing I ever did! Disparities in mortg...
Fri, Feb 19 2021, 9:15 AM
(To listen to the audio version of today’s commentary, please click here .) I received many nice comments about the section in yesterday’s commentary ...
Thu, Feb 18 2021, 10:36 AM
Welcome to 124-year-old Girl Scout Cookie Season ! If you’re an LO, how’d you like to deal with borrowers for 189 years, or eat the same thing day aft...
Wed, Feb 17 2021, 9:47 AM
Time flies. President Biden extended FHA & VA mortgage relief and the ban on home foreclosures through June . Did you know that, at 46, Leonardo DiCap...
Tue, Feb 16 2021, 9:45 AM
Despite the lousy weather in many parts of the nation, and Mardi Gras being cancelled, the year is off to a fine start for lenders, and borrowers bene...
Fri, Feb 12 2021, 9:42 AM
Lending and real estate are permanently linked. On the mortgage side of things, the podcast of today’s commentary features thoughts on the $1.5 billio...
Thu, Feb 11 2021, 9:18 AM
I’ve never set foot on a Lear Jet, but was not excited to hear the iconic product ceasing production. Freddie Mac’s 4 th quarter results are pretty ex...
Wed, Feb 10 2021, 9:51 AM
Here we are in the seemingly 58 th week of 2020. What’s new? The podcast of today’s commentary features thoughts from the Millennial host on how lende...
Tue, Feb 9 2021, 9:13 AM
Yesterday I flubbed up by discussing the Administration’s proposal to eliminate credit unions and have the CFPB control the credit process . The artic...
Mon, Feb 8 2021, 9:27 AM
A Pennsylvania man is suing Smart Water for not making him smart, and here, in this Commentary, I’d like to formally announce my lawsuit against Thin ...
Fri, Feb 5 2021, 5:30 PM
Guys around the nation have nine days to forget that nine days from now is Valentine’s Day, and florists everywhere have already ordered roses (in the...
Thu, Feb 4 2021, 10:45 AM
Making headlines is United Wholesale averaging $15 billion a month in production and earning total net income of $3.4 billion for 2020 , quite a chang...
Wed, Feb 3 2021, 9:31 AM
Companies and organizations around the nation are wondering about when in-person conferences will become the norm again. While they’re wondering about...
Tue, Feb 2 2021, 10:49 AM
Okay boys and girls, besides it being a snow day in the Northeast, and Groundhog Day and Punxsutawney Phil's 135th prognostication, here is today’s sh...
Mon, Feb 1 2021, 11:01 AM
January’s already in the rearview mirror and our industry is keeping an eye on all kinds of things. Like silent movies moving into “the Talkies” in 19...
Fri, Jan 29 2021, 10:20 AM
One should never stop learning. For example, I just began reading a great book: “How to Cook Crack and Clean a Crab.” Step One: Use commas. I learned ...
Thu, Jan 28 2021, 10:33 AM
The stock price of American Airlines back to February 2020 levels. Investors seem to be “buying hope.” In Mortgage Land, though I am beginning to hear...
Wed, Jan 27 2021, 9:18 AM
Just a couple more weeks until my uncle sends me a text asking if I’ve seen these funny photos of Bernie Sanders , of which there are no shortage. The...
Tue, Jan 26 2021, 9:55 AM
While the Biden Administration waits for the Trump staff to tell them the Wi-Fi password in the White House, the government continues to occupy our th...
Mon, Jan 25 2021, 10:35 AM
There’s always “stuff” going on in residential lending, right? Capital markets folks have noticed that the big banks are re-entering buying jumbo loan...
Fri, Jan 22 2021, 9:59 AM
This week Joe Exotic did not receive a presidential pardon, nor did mortgage rates move much versus last week, but there are still over 16 million ref...
Wed, Jan 20 2021, 9:49 AM
In his Saturday Morning Cup of Joe , Jeremy Potter quipped, “The word ‘homeowners’ has the word ‘meow’ in it. Good luck unseeing that from now on.” Pl...
Tue, Jan 19 2021, 11:03 AM
Sometimes running a mortgage compliance department can seem like this short clip Indiana’s Carol K. sent along. Yet there is value in compliance, and ...
Fri, Jan 15 2021, 10:02 AM
As Flagstar’s Marcus L. points out, “1999 doesn't sound like that long ago until you realize that people with a birth year starting with ‘2’ are start...
Thu, Jan 14 2021, 9:20 AM
With the money I’m saving on “Dry January,” I was able to buy some great edibles at the dispensary yesterday. “Come on, come on, listen to the money t...
Wed, Jan 13 2021, 11:17 AM
There are plenty of MLOs (mortgage loan originators) out there very pleased with their earnings for 2020. In a non-random sample, several CEOs with wh...
Tue, Jan 12 2021, 9:53 AM
Nearly two weeks into 2021 already? I was just getting used to saying “2020.” Now I have to add a syllable every time. “One.” There’s continued talk o...
Mon, Jan 11 2021, 10:10 AM
Of course some found humor in last week’s riot in Washington DC. (“In light of recent events, Mexico has decided that it will pay for the wall after a...
Fri, Jan 8 2021, 10:31 AM
While the industry watches the personnel changes at Arch and National MI, I received several texts and emails pleading, “I’d like to cancel my subscri...
Thu, Jan 7 2021, 11:05 AM
Some will say that the world’s most anticipated palindrome is “1-20-21”. Others will say that Inauguration Day spells the end of personal freedom in t...
Wed, Jan 6 2021, 10:58 AM
Would you rather loan $200,000 to a Danish buntmager (furrier) or the United States Government? Well, while the industry is digesting the news that Gu...
Tue, Jan 5 2021, 10:54 AM
2021: Fifty years since the release of Led Zeppelin 4 (think Stairway to Heaven). In 1971 there were 208 million people living in the United States. N...
Mon, Jan 4 2021, 11:08 AM
Here we are on the first business day of 2021, the year of the movie Mad Max 2. (It is so much easier saying “2020” than “2021,” right?) Last year, as...
Thu, Dec 31 2020, 11:03 AM
I still don’t know what I’m wearing to the living room on New Year’s Eve. Heck, I may not even go. Wouldn’t it be nice to be on a cruise? Ever heard o...
Wed, Dec 30 2020, 10:35 AM
Loan originators in our business see potential borrowers whose monthly mortgage payments would be less than their rent payments but don’t qualify for ...
Tue, Dec 29 2020, 10:12 AM
With the passing of Pierre Cardin this morning, does it mean that bottle of cologne (circa 1978) I have in the attic became a collector’s item? The ph...
Mon, Dec 28 2020, 11:12 AM
Congress and the press have been talking about a second stimulus plan since the summer. The bill signed by President Trump last night keeps the U.S. G...
Thu, Dec 24 2020, 8:51 AM
New Homes Sales tumbled over 11 percent in November. Does that mean no one wants new homes, they’re over-priced, or there aren’t any to buy? One has t...
Wed, Dec 23 2020, 10:17 AM
My cat Myrtle (Myrtlus Domesticus) doesn’t have much in the way of material possessions. Need to get rid of unwanted junk during the holidays? Put it ...
Tue, Dec 22 2020, 10:06 AM
I hope that everyone had a happy solstice yesterday, with a few folks writing to suggest that “It is the shortest day, of the longest year, of our liv...
Mon, Dec 21 2020, 9:27 AM
As we watch the second largest stimulus bill in history move toward passage, greetings from the Winter Solstice, the official start of winter and the ...
Fri, Dec 18 2020, 10:39 AM
I don’t know what’s longer, a “regular” minute, “microwave” minute, or a “treadmill” minute. Speaking of time, if someone sends you an email saying, “...
Thu, Dec 17 2020, 10:07 AM
Who would’ve thought that one day we’d be smoking weed at a family gathering, but the illegal part would be the family gathering? For most of us, fami...
Tue, Dec 15 2020, 10:12 AM
“We were so poor when I was a kid that we couldn’t afford tinsel. We had to wait for Grandpa to sneeze.” At the opposite end of the economic spectrum,...
Thu, Dec 10 2020, 9:59 AM
“My ability to remember song lyrics from the 80s far exceeds my ability to remember why I walked into the kitchen.” The Baby Boomers are certainly rid...
Get Rob Chrisman Daily by Email
