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December 16, 2022
This morning I Head East to Chicago for a handful of days. If you’ve wondered what a pilot sees when landing at O’Hare, here’s a mesmerizing video. (What is the tallest building in Chicago? The library, because it has so many stories.) From coast to coast lenders and vendors are eyeing the MBA’s volume predictions for 2023 and stay ahead by reducing overhead. In the furor over cutting costs, a cottage industry has sprung up helping lenders review their vendor arrangem...
December 4, 2022
FRUITLAND — Even with a dress rehearsal, there was a small hiccup at the tree lighting in Fruitland Community Park on Thursday night. However, with some urging from Santa Claus,
November 23, 2022
When baby Louis was born with a rare skin disorder, his parents began a journey they never thought they would take.
November 23, 2022
When baby Louis was born with a rare skin disorder, his parents began a journey they never thought they would take.
November 8, 2022
A quaint listed cottage just outside Norwich has featured on BBC Ones Homes Under the Hammer.
October 21, 2022
Cybersecurity is possibly even more important than locks, vaults and walls in protecting the modern business.
October 5, 2022
Yogi Berra, when asked about staying in a particular hotel, replied, “The towels were so thick there I could hardly close my suitcase.” I’ve attended my share of conferences in the last few months (no towels were purloined), and the two big general concerns for lenders everywhere are a) providing the best products, price, and service to clients, and b) the general economic and interest rate climate and its impact on their business model. Regarding the second topic, mergers a...
September 7, 2022
The mortgage industry has come a long way from March of 2020, when the Federal Reserve pledged to buy “unlimited” amounts of Treasuries and MBS to stabilize the credit markets. The Fed started to shrink its balance sheet earlier this summer, and at the start of this month ramped up to a reduction rate of $95 billion per month ($60 billion of Treasuries and $35 billion of MBS) with plans to end its purchases of MBS from early payoff proceeds next week. The Fed’s actions in Ma...
August 8, 2022
How much would you pay for a company responsible for a funny video? How ‘bout $1.7 billion bones? Amazon, catching the eye of the FTC, has made an offer to acquire Roomba maker iRobot for $1.7bn. (Speaking of household goods, I occasionally am asked by LOs or employers about closing or referral gifts that are memorable or unique, unlike a bottle of wine or a doormat. I’ll often suggest Cutco knives (no, this is not a paid ad), as there is free engraving with the LO’s name &a...
July 27, 2022
A seaside cottage that was home to the same family for 76 years has been sold at auction.