Please don't let my facts get in the way of your fiction!
We have talked about the importance of following the data and knowing the facts. We have addressed how those in the mainstream media, social media “gurus”, and those just trying to generate clicks to support their revenue streams, all like to post big scary headlines without much regard for looking ...
The data keeps on coming!
Lots of new information to digest and more on its way. As I have said before, you must keep an eye on what can move the markets. Information can be spun to suit the needs or to create and support a particular position, it can also be used to clarify and counter opinions or interpretations of these f...
What is the cost?
Many companies and their originators are dealing with the challenges of less loan volume. With refinance business about 20% of the volume it was last year and purchase volume down in many markets as well, there is simply less loan units to take through the process, which leads to the reality than ma...
Asking for a friend!
The following questions are asked to provoke thought and drive you the reader, into thinking about what the reality is in your market and the correct answer or response to the question!
Asking for a friend:
                 “The government says we aren’t in a recession, and they don’t see one com...
Data shows solid interest!
The numbers continue to show that people, especially millennials, are interested in home ownership. Despite higher home prices and higher rates, loan applications are still strong for home purchase loans. While refinances are significantly off year over year due to higher rates, purchase application...
Information & Interpretation!
The FED FINALLY woke up and took a positive step toward dealing with inflation. Despite being less than what I would have liked to have done, 75bps and another likely 50 to 75 bps again in June should signal to the markets a serious approach to fiscal stability. The future remains to be seen, but th...
Opportunity Knocks
When opportunity knocks, answer the door!!! As the mortgage industry goes through another series of changes, you need to know how to take advantage of these changes.Â
We have talked about the purchase to refinance balance for all originators. Never has that balance swung so far to the refinance sid...
When everyone is wrong!
It is very hard for markets to find their way when those in power and in control are just so WRONG all the time. When the former FED Chair and now Treasury Secretary Janet Yellen, someone who should know things about economic issues, absolutely gets inflation so incredibly wrong that she states that...
Planning for Summer
As May ends, people begin their thoughts of summer. Mortgage professionals are no different. Anyone who knows me and works with me understands I stress the value of vacations and time away from work unplugged. I push for a minimum of two full weeks unplugged from the work arena and a series of at le...
We need to ask WHY?
Are they facts, or are they excuses? Are the reasons people are not getting what they want, or even afraid to TRY and get what they want, based on the facts, or are they fiction?
I just wanted to pose three questions today and have you just think about them and maybe do a little of your own investi...
