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March 15, 2023
Penn State has built one of the NCAA's greatest dynasties. How did it lure the greatest college wrestler ever from his alma mater?
December 1, 2022
Our industry continues to be battered. Starwood Capital-backed Reverse Mortgage Funding and its parent company Reverse Mortgage Investment Trust have filed for bankruptcy. Inlanta Mortgage told the state of Wisconsin it plans to wind down its business. Switching gears, to celebrate the first day of December, spend 5 minutes taking one of my favorite quizzes, focused on figuring out where you’re from based on the words you use for certain common things. (What do you call the little bug tha...
November 17, 2022
Twitter boss Elon Musk issued a staff-wide ultimatum Tuesday evening: Either commit to the new "hardcore culture" of Twitter 2.0 or leave with three months' severance. Employees have until 5 p.m. ET T...
November 17, 2022
Local news from StateCollege.com and Centre County Partners. Read about Penn State Wrestling: Broadcaster Byers Looks at New Season for Caelโs Dynasty and more from the State College, PA region
November 16, 2022
With a late-night memo to Twitter employees, Elon Musk made his clearest move yet to force a company culture reset.
October 18, 2022
Do you think putting together a loan is tough? How ‘bout a giant skeleton in your front yard? This dedicated individual has documented the process of his spooky creations on Instructables. This will be super helpful for when you create a giant skeleton of your own next year or pass this along to a new homeowner that recently bought a home with your company’s help. Owners and managers of lenders and vendors wish their jobs were as easy. As their companies, small and large, do their...
October 4, 2022
Now we have a butter shortage raising prices ahead of the holidays. Great. While margarine makers are licking their chops over the news, vegans and other readers should know that no animals are ever harmed in the making of this commentary! But speaking of harm, in the current environment, and probably for the next couple quarters, vendors and lenders working 30 percent harder to make 40 percent less. Or worse. If the Fed’s actions can push asset prices higher, it’s actions can also...
September 10, 2022
A 23-year-old man was sentenced Friday to 16 years to life in prison for fatally stabbing his girlfriend in his car in a restaurant parking lot in La Habra five years ago.
April 19, 2022
As the nation ruminates on the court ruling on the mandatory mask mandate, remember, “You do not need a parachute to skydive. You only need a parachute to skydive twice.” It is a safe bet that the Federal Reserve will raise short term rates more than twice before summer. This month’s STRATMOR blog is titled, “A Primer on the Federal Reserve and Mortgage Rates.” Here in Atlanta, in the MBA-STRATMOR Peer Group Roundtable meetings, much of the conversation revolve...
March 28, 2022
This isn’t a commentary. It’s a “next level experience!” How are we in the week ending the first quarter already? Here’s some news that will be greeted with glee by every independent mortgage banker in the nation, whether they do business in California or not. The California MBA and national MBA, and constituents across the state, have defeated the CRA requirement for non-depository institutions in that CA. Given that 20-25 percent of residential production com...