Thu, Jul 21 2011, 11:44 AM
"If
you make a general statement, a Secondary Marketing Manager says, 'Yes, but ...'
while a loan officer says, 'Yes, and ...'"
Sometimes I w...
Wed, Jul 20 2011, 10:41 AM
"If
I owned Texas and Hell, I would rent out Texas and live in Hell." So spoke
Civil War General Philip Sheridan, who was the military governor of T...
Tue, Jul 19 2011, 9:36 AM
"What does the mummy do when
he goes to the bookstore? He gets all wrapped up in a good book!" But in
three headlines from last night, a paradigm s...
Mon, Jul 18 2011, 9:26 AM
"Texting
is like intellectually roaming free in a cul-de-sac." Feel free to quote
Ralph Nader on that one.
Five-time
Jeopardy winner Rich Cordr...
Fri, Jul 15 2011, 9:04 AM
Everyone
knows why squirrels swim on their backs. (It's Friday, I couldn't figure out
how to tie that joke in with in with any mortgage related news...
Thu, Jul 14 2011, 9:54 AM
"Help a man when he is in trouble and he
will remember you when he is in trouble again."
The Consumer Finance
Protection Bureau is not in trou...
Wed, Jul 13 2011, 9:33 AM
I am smart enough to
realize that I am not smart enough to know, "Why the focus is more on
the debt ceiling than on actually reducing our deficit?"...
Tue, Jul 12 2011, 11:14 AM
Born in the 1800's in California and
Tennessee, my grandparents are long gone - and I never lived with them. But
over the last 20 years, reports the...
Mon, Jul 11 2011, 11:09 AM
Remember when loan
processors were as fast as the workers in clip #2? (The fish are fun to watch
as well.) HowDoesHeDoThat?
As I write this, ...
Fri, Jul 8 2011, 1:19 PM
[This is the last day for quite some time that I am away from the computer on a daily basis. This is the last guest writer spot, and I very much appre...
Thu, Jul 7 2011, 11:04 AM
[I am away from the computer on a daily basis,
and my access to e-mail is sporadic and not timely. In my place are daily
commentaries from a series ...
Tue, Jul 5 2011, 10:28 AM
[I am away from the computer on a daily
basis, and my access to e-mail is sporadic and not timely. In my place are
daily commentaries from a series ...
Mon, Jul 4 2011, 1:43 PM
On this day in 1776,
the Declaration of Independence was approved by the Continental Congress. Who
has time to read a darned commentary on mortgages...
Fri, Jul 1 2011, 12:22 PM
[I am away from the computer on a daily basis,
and my access to e-mail is sporadic and not timely. In my place are daily
commentaries from a series ...
Tue, Jun 28 2011, 2:52 PM
[I am away from the computer on a daily
basis, and my access to e-mail is sporadic and not timely. In my place are
daily commentaries from a series ...
Mon, Jun 27 2011, 11:05 AM
[I am away from the computer and my access to e-mail is sporadic and not timely. In my place are daily commentaries from a series of very knowledgeabl...
Fri, Jun 24 2011, 2:31 PM
[I am on vacation, and my access to e-mail is
sporadic and not timely. In my place are daily commentaries from a series of
very knowledgeable mortga...
Thu, Jun 23 2011, 10:13 AM
[I am on vacation, and my access to e-mail is
sporadic and not timely. In my place are daily commentaries from a series of
very knowledgeable mortga...
Wed, Jun 22 2011, 11:39 AM
I ask those of you in the
mortgage industry with me to help broadcast the truth, the reality that has become the new mortgage
industry. Speak out in...
Tue, Jun 21 2011, 11:34 AM
Today we have, in the
Northern Hemisphere, 5 hours and 14 minutes more daylight than the winter solstice
six months ago. For the most part it is s...
Mon, Jun 20 2011, 12:13 PM
How hard is it to
create a new currency in a digital age? DigitalMoney = DigitalThieves
Reader feedback on current industry trends, borrower...
Fri, Jun 17 2011, 11:23 AM
"Mama just hung her head and said,
'Papa was a rolling stone. Wherever he laid his hat was his
home...'"
The U.S. Census Bureau announced that a...
Thu, Jun 16 2011, 9:46 AM
The idea of Father's Day was conceived
slightly more than a century ago, not by Hallmark Card or Weber Grills, but by
Sonora Dodd of Spokane, Wash...
Wed, Jun 15 2011, 12:46 PM
s California goes,
so goes the nation? If that is still mostly true, here is a shift in housing
demand that may be worth noting: UrbanRentals ...
Tue, Jun 14 2011, 10:01 AM
The parent of Marie
Callender's restaurants (around since 1964), who also owns Perkins
Restaurants & Bakeries, has filed for bankruptcy protection a...
Mon, Jun 13 2011, 9:53 AM
"The evening news is where they begin
with 'Good Evening,' and then proceed to tell you why it isn't." So I
won't say "Good morning."
As Wells Fa...
Fri, Jun 10 2011, 1:07 PM
If someone
"about scares you half to death" twice, what happens? What home
builder economists lower their predictions twice, what happens? HomeBui...
Thu, Jun 9 2011, 10:30 AM
"I used to be indecisive. Now I'm not so
sure." But one thing that I am sure of is transparency. Sterne Agee
released prepayment information, impo...
Wed, Jun 8 2011, 11:14 AM
Fun with numbers...In the 2010 Census, for
you reverse mortgage lenders, seven states had a median age of 40 or older:
Maine (42.7), Vermont (41.5),...
Tue, Jun 7 2011, 9:54 AM
How long have you had
your bank account? 5 years - not bad. 10 years - good. 20 years - a loyal
customer. How about since before WWI: DoesThatCome...
Mon, Jun 6 2011, 12:23 PM
Studies find it takes
2,000 times more energy to produce and ship bottled water than tap water and it
costs 10,000 times more per gallon. It also ta...
Fri, Jun 3 2011, 12:34 PM
Here we are on June 3 rd ,
which means we have 7 days left to comment on the Qualified Residential
Mortgage (QRM) provisions . If you thought that ...
Thu, Jun 2 2011, 9:34 AM
My girlfriend thinks I'm a stalker.
Well, she's not exactly my girlfriend - yet.
Given yesterday's economic numbers, suddenly
the market thinks ...
Wed, Jun 1 2011, 9:44 AM
The north Atlantic hurricane season begins
today and lasts through Nov. 30. Per the U.S. Census Bureau nearly 37 million
people in the US live in ar...
Tue, May 31 2011, 12:17 PM
Anyone lending in
"higher loan amount areas" should read the latest from HUD on the
probable/possible changes that will take place on October 1. "Ba...
Fri, May 27 2011, 9:21 AM
I saw a poor old lady fall over today on the
ice!! At least I presume she was poor - she only had $1.20 in her
purse.
That is probably not
eno...
Thu, May 26 2011, 10:32 AM
Sorry the commentary is a little late this
morning. My neighbor pounded on my wall at 2:30 AM this morning. Can you
believe that...2:30AM?! Luckily...
Wed, May 25 2011, 10:13 AM
Pssst... Goldman Sachs is in buying jumbo
mortgages . "Goldman has been stockpiling jumbo mortgages at a rate
that far exceeds the buying activity ...
Tue, May 24 2011, 11:16 AM
We can bicker over underwriting guidelines,
disclosure documents, or turn times, but the flooding and tornado disasters
that have befallen many stat...
Mon, May 23 2011, 11:29 AM
I don't know if this
quite falls under the "No good deed goes unpunished" category, but
the proposed simplified combined version of the GFE and TI...
Fri, May 20 2011, 12:18 PM
It is easy for originators to focus on daily
rate sheets, mostly determined by what the MBS market is doing. But sometimes
it helps to be reminded t...
Thu, May 19 2011, 10:03 AM
"Rob, I continue
to hear rumors about rumors of large established correspondent investors
possibly questioning their practice of buying closed loan...
Wed, May 18 2011, 9:58 AM
A hockey coach once said, "Last year we
couldn't win at home and we were losing on the road. My failure as a coach was
that I couldn't think of anyp...
Tue, May 17 2011, 12:08 PM
Sometimes you think
things are one way, and they turn out to be different. Just ask Maria Shriver,
who found out about Arnold Schwarzenegger and a l...
Mon, May 16 2011, 10:40 AM
Seen on a doc drawer's bulletin board:
"I don't mind coming to work. It's the 8 hour wait until going home
that's killing me."
Here is some new...
Fri, May 13 2011, 3:40 PM
We have 18 months until the presidential
election, and already things are heating up. The financial community is closely
following Donald Trump's ca...
Thu, May 12 2011, 11:21 AM
My memory's not as sharp as it used to be.
Also, my memory's not as sharp as it used to be.
Along those lines I bet all the reverse mortgage...
Wed, May 11 2011, 10:52 AM
Regardless of what my kids say,
this commentary hasn't been around long enough to have ever been written by
candlelight. But starting next year I wi...
Tue, May 10 2011, 10:31 AM
Yesterday
I went through denial, anger, bargaining, depression, and acceptance - which
are now the 5 stages of buying gas.
Incidents of mortga...
Mon, May 9 2011, 10:22 AM
Today the village of Plato, Mo.,
(population 109) will celebrate its selection as the "2010 Census Center
of Population" with a little party. "The m...
