It won't come to you!
2020 and 2021 are over. Rates are no longer in the 2% range and property values are not climbing at 20%+ year over year. Loan opportunities are not falling from the sky, and sellers aren’t calling agents all day every day asking how much they could get for their house! Rents aren’t...
FHA MAY save the day!
We are concluding the first week of business with the new loan level price adjustments and surprisingly there aren’t as many questions about it as I thought there would be. Maybe the word hasn’t gone out yet? Maybe with the market movements the impact on pricing isn’t as...
Have we learned nothing?
Here we go again! As if we didn’t learn from past mistakes, with the stroke of a pen, a vast majority of people who have done things the right way will be forced to pay for those who have made specific choices that have put them in a poor position. Let’s be honest, nobody with below...
What I see isn’t what the national numbers show!
The Mortgage Bankers Association said that purchase loan applications were down 10% last week. While I don’t contest that those are the numbers reported back to them, the numbers reporting back to me from my clients around the country, is that applications, along with contracts, and...
Bonds still want to improve!
As we spoke about last week, the bond market really wants to improve. All the data on Tuesday and Wednesday, along with a lack luster 10yr auction still couldn’t keep the 30yr 5.5% coupon from fighting hard to retake it’s 200 day moving average once again. Make no mistake about it,...
Bond market is trying to improve!
Both the 10yr and the 5.5% 30MBS have broken through their 200 day moving averages and it looks like they are wanting to improve even further. What stands between us and further improvement can be employment news today and tomorrow. We have the unemployment number Thursday and the March jobs...
What we know that they don't!
Another week, and another group of people who are shocked by the reality of the markets. To some people it wasn’t a surprise that pending home sales were UP .8% instead of the projected -2.3%. Those that were projecting, didn’t know what we all were seeing, interest is up, credit...
The new branch coaching opportunity!
Corporate/Branch Accounts
I have been asked to put together a program for companies or individual branches to take advantage of the coaching program while helping control costs. After spending some time working through the process with a handful of current clients, I have put together a...
It's a sad day!
It is with a heavy heart I have to share the news that my friend and mentor, Greg Frost Sr. past away on Tuesday. While many of those who will read this or see the Vlog post may not have known Greg, you are all the beneficiaries of what he has done, and for those he mentored along the way.
Greg...
So, what's the excuse now?
First, let me say that I appreciate all the kind words and messages about the series we just completed on mentoring and the mentoring mindset. It’s always nice to put in the work and be rewarded with a great outcome; so I thank you all for your support!
Following that thought process,...
