Adjustable Rate News Today

Attendees of next week’s MBA Secondary conference can look forward to… A giant hot dog in Times Square that spits out confetti at high noon. (Keep your risqué comments to yourself please.) They can obviously look forward to much more at the actual conference, including information about the economy, regulators, and seeing what the Agencies and aggregators are up to in terms of products. Every client is important, and originators want a full product suite from their compani...

For the past 18 months, the housing market’s attention has been on the mortgage interest rate issue.

Here's how to determine whether paying for discount points in exchange for a lower interest rate makes sense.

The ill effects on finances as a result of divorce due to child support, alimony, reduction in income, Being financially strapped robs you of your ability to save money, your dignity, and your security blanket. How can one feel secure when it is a struggle to maintain adequate food, clothing, shelter and other necessities?

The ill effects on finances as a result of divorce due to child support, alimony, reduction in income, Being financially strapped robs you of your ability to save money, your dignity, and your security blanket. How can one feel secure when it is a struggle to maintain adequate food, clothing, shelter and other necessities?

If you're considering refinancing your mortgage, here's everything you need to get started.

I’m so tired of the mainstream press talking about the 2024 election, 10 months out. Given that the median age of U.S. citizens is about 38 years, one would think we could find someone under the age of 75 to be president, regardless of party affiliation. On the other end of the age spectrum, at age 34, Gabriel Attal became France’s youngest prime minister. France’s inflation rate is running at 3.7 percent, which I mention because inflation and the actions of central banks ar...

My cat Myrtle doesn’t have a lot of rizz, and there are those that will argue that no cat has any charisma whatsoever. But plenty of marketing people do, or can create it, and even if you’re not in marketing, there are some clever marketing people out there. Creative minds as well, and if you’re looking for a Christmas present, here are the “best inventions of 2023” per Time Magazine. There is also cleverness and creativeness in the modular home manufacturing i...

I was very excited last Saturday when I rode my bike by a garage sale and saw, “The Holy Bible” for sale, with a “signed edition” sticker on it. Of course I bought it. How cool is that? Trains are pretty cool too. “A railroad conductor needs to make sure he doesn’t go down the wrong track and lose his train of thought.” This morning I head to Milwaukee by train. While in Chicago I spent some time hearing how LOs must get back to the basics, includ...

“My dog is really worried about the rising price of groceries, with a can of dog food now costing $3. That’s $21 in dog money.” As I travel and speak with originators, besides the regulatory environment being a concern (the latest example being the CFPB suing Freedom Mortgage yesterday), the cost to produce a loan is still a problem, and for some it is about to worsen. The last MBA’s study calculated that total loan production expenses (commissions, compensation, occu...