Thu, Sep 17 2020, 9:00 AM
Why is it that every time I call some place, I hear the recording, “Wait times to speak to a representative are longer than normal.”? Why can’t I ever...
Wed, Sep 16 2020, 10:15 AM
The Fed Funds futures market sees the Fed holding pat on rates well into 2022. What could cause rates to go up? A vaccine. Until definitive news like ...
Mon, Sep 14 2020, 9:27 AM
People can accomplish a lot in a day. And lenders are continuing to hire like mad dogs (if mad dogs had HR departments), especially non-bank lenders. ...
Fri, Sep 11 2020, 9:08 AM
Plenty of people tell me that I should “head down to Clown Town.” I never know quite how to take that. But now we have Zoom Towns ,” and thank you to ...
Thu, Sep 10 2020, 9:14 AM
I don’t know exactly when it happened, but somewhere along the line my dog learned the noise the cheese grater makes when I pull it out of the drawer....
Wed, Sep 9 2020, 11:39 AM
Tom Petty sang, “There's somethin' good comin,' just over the hill, somethin' good comin', I know it will. And I'm in for the long run, wherever it go...
Tue, Sep 8 2020, 8:53 AM
On one hand we have the old adage, “No tree grows to the moon.” On the other hand, MLOs and real estate agents are licking their chops given that 52 p...
Fri, Sep 4 2020, 10:39 AM
As we head toward the Autumnal Equinox on 9/22, places like Seattle and Minneapolis are losing four minutes of sunlight a day. Something else that is ...
Thu, Sep 3 2020, 10:54 AM
“It was the third of September, that day I’ll always remember , yes I will… Wherever he laid his hat was his home… And when he died, all he left us wa...
Wed, Sep 2 2020, 10:21 AM
I don’t know whether my Nolan Ryan rookie card, fortuitously spared from my bike spokes decades ago, is worth $500 or the 10 cents I spent for the pac...
Tue, Sep 1 2020, 11:05 AM
There’s a fine joke about bowling balls and tennis balls and golf balls which I won’t repeat here, but let’s go down the scale of “numerical magnitude...
Mon, Aug 31 2020, 10:10 AM
No one owns a crystal ball. It seems that the best LOs and CEOs keep up on the news and trends but focus on helping borrowers one at a time, regardles...
Fri, Aug 28 2020, 10:37 AM
I remember when I would travel to exotic places like London, England, Lima, Peru, or Biloxi, Mississippi. From Southern California, thank you to Carey...
Thu, Aug 27 2020, 10:34 AM
While Louisiana is focused on Hurricane Laura, 2,200 miles away California is focused on its wildfires… and regulations. Remember that about 25 percen...
Tue, Aug 25 2020, 9:17 AM
2019: Stay away from negative people. 2020: Stay away from positive people. Like it or not, depending on how “old school” you are, companies in recent...
Mon, Aug 24 2020, 9:21 AM
Winter is coming. I don’t need a new coat to walk from my bedroom through the kitchen and into the dining room to work on this commentary. Who is buyi...
Fri, Aug 21 2020, 10:13 AM
RCIII writes, “I don’t know about you, but I’m ready for some precedented times.” But Tom Petty wrote, “Well, the good old days, may not return… And t...
Thu, Aug 20 2020, 9:06 AM
In these times that lenders describe as busy, profitable, and overheated, capital markets personnel are focused on margin & capacity management, staff...
Wed, Aug 19 2020, 9:21 AM
Three weeks ago the Commentary included a webcam shot of Warrior Canine Connection’s Puppy Cam . (They’ve grown. Rated PG, depending on what they’re u...
Tue, Aug 18 2020, 10:20 AM
“Last night I was a hero! I rescued some beer that was trapped in a bottle.” All of our lives are changing, and thank you to Lydia O. for sending alon...
Mon, Aug 17 2020, 10:13 AM
Out in California and parts of the West it’s “hotter than Satan’s house cat.” California is once again having rolling power outages, and an opinion pi...
Fri, Aug 14 2020, 10:11 AM
Hundreds of thousands of people in the lending industry, their borrowers, and vendors are grappling with the refi price hit announced Wednesday evenin...
Thu, Aug 13 2020, 10:39 AM
Follow the money! The “talking heads” are analyzing the fact that President Donald Trump donated $6,000 to Kamala Harris' 2014 campaign for reelection...
Wed, Aug 12 2020, 9:05 AM
Dating in college is a matter of many things. I mention this because I wondered what colleges were recommending about COVID, and the University of Geo...
Tue, Aug 11 2020, 9:40 AM
Me: “I want to travel.” Bank account: “Where? To work?” Think of people in their 20s and 30s. They’ve grown up with 9/11, the Financial Crisis, and no...
Mon, Aug 10 2020, 9:08 AM
“Paranoia is out of control: This morning, while reviewing this commentary, I sneezed in front of my laptop and the anti-virus software started a scan...
Fri, Aug 7 2020, 9:12 AM
Let me get this straight. It’ll take a year or two for a cure for a virus that can be killed with hand sanitizer, soap, and hot water? COVID is drivin...
Thu, Aug 6 2020, 9:21 AM
Originators and lenders are having a great summer from income and profitability perspectives. The thick margins are making managers look like champs, ...
Wed, Aug 5 2020, 9:23 AM
Since eating inside a restaurant is problematic, now’s the perfect time to eat better at home, get fit, and stay healthy. Never mind: Who are we tryin...
Tue, Aug 4 2020, 10:11 AM
Sure, you’re making bank now, but are you planning for next year? Is your company doing anything to “team up”? Many lenders, vendors, and real estate ...
Mon, Aug 3 2020, 8:57 AM
Remember a month ago, heading into the July 4th weekend, a resurgence of Covid-19 cases (which many officials attributed to large Memorial Day gatheri...
Fri, Jul 31 2020, 8:48 AM
Whether it is Northern Virginia or Lake Tahoe , we’re running out of houses. The pandemic has caused a buyer feeding frenzy away from apartments and c...
Thu, Jul 30 2020, 9:42 AM
Lenders are “tonning it,” as indicated by Fannie Mae’s net income of $2.5 billion for the second quarter of 2020, compared with net income of $461 mil...
Wed, Jul 29 2020, 9:35 AM
You’ve made it to Hump Day yet again, and as a reward, how about this webcam shot of Warrior Canine Connection’s Puppy Cam ?! (Hey, it’s my commentary...
Tue, Jul 28 2020, 9:37 AM
I could see that my cat Myrtle was miffed last night. I doubt if it had anything to do with the supply chain issues impacting appliances and new home ...
Mon, Jul 27 2020, 8:57 AM
In these days when you can’t even get 100% of Americans to agree that water is wet, we have hurricanes, gold prices skyrocketing, COVID relief debates...
Fri, Jul 24 2020, 10:01 AM
I don’t know if there is going to be a pro football season or not, with lines of scrimmage & heavy breathing 11 inches apart for hundreds of linemen e...
Thu, Jul 23 2020, 9:38 AM
Loan officers are known for “holding the hand” of their borrowers. Now Google would like to hold the other. With the help of the CFPB, and launched ye...
Tue, Jul 21 2020, 10:22 AM
Originators, as Deb from Virginia reminded me, are currently like ducks: cool and calm on the surface, paddling frantically underneath. Originators li...
Mon, Jul 20 2020, 9:19 AM
After the shaman finished my taxes last week over the phone, we struck up a conversation about working from home, pros and cons, since it appears that...
Fri, Jul 17 2020, 9:12 AM
Want an estimate of how many borrowers might be out there, benefitting from your assistance by you giving them a lower rate (assuming they, and the pr...
Thu, Jul 16 2020, 8:58 AM
I was on the phone yesterday with my psychic who told me, “You will live a long and healthy life if you abstain from anything that brings you joy.” Ok...
Wed, Jul 15 2020, 9:48 AM
I woke up this morning trying to remember if I was working where I am living, or living where I am working. “Personal” and “professional” often overla...
Tue, Jul 14 2020, 9:23 AM
Here's your life graphically under COVID. Many in our business will argue that homes should not be used as piggy banks, COVID or no COVID. For others ...
Mon, Jul 13 2020, 8:59 AM
While in captivity it is important to remember good grooming is important . Good communication is important also. Are salespeople all on the way to ha...
Fri, Jul 10 2020, 9:07 AM
Bubonic plague in China ? What’s next, frogs falling from the sky? Water turning into blood, darkness for three days? A big bank requiring $1 million ...
Thu, Jul 9 2020, 9:16 AM
United Airlines may lay off 36,000? Bed, Bath, and Beyond closing 200 stores? Walgreen’s cutting 4,000? Yup. Lower rates won’t save those jobs, but we...
Wed, Jul 8 2020, 9:57 AM
Crazy times. Brooks Brothers filed for Chapter 11 bankruptcy. Rocket Companies filing for an IPO. Genworth Mortgage Insurance completing an excess of ...
Tue, Jul 7 2020, 8:59 AM
This morning analysts are talking about the 5 million people of Melbourne, Australia now under a new 6-week lockdown. Lockdown! In this country, we ha...
Mon, Jul 6 2020, 8:44 AM
Here’s a blunt reminder of what can go dramatically wrong in a fireworks stand. And here’s a blunt email that I received over the weekend. “Rob, what ...
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