Home and business owners in Citrus County began dealing with the aftermath of Hurricane Idalia Thursday, expecting the recovery to last days – potentially weeks.
Mountain West Financial Inc., a privately held mortgage banker based in Redlands, Calif., has announced plans to exit the wholesale lending business. In a brief notice addressed to its “valued broker partners” posted to its website on Aug. 25, the company said it “has made the difficult decision to take a step back from wholesale lending.”
Do you smoke weed? Have you been vaccinated against COVID? Too early in the workweek for those questions? (Is it okay to ask if someone’s been vaccinated against polio?) Some questions aren’t, can’t be, shouldn’t be, are too politically charged to be, asked. We don’t want to need a lawyer to have a conversation with a co-worker or underling. This one is a little easier: What percent of outstanding MBS (mortgage-backed securities) is owned by the Federal Reserve? The answer is 30 percent . That’s a lot. Smarter minds than mine opined that the $1.5 billion cap fear (remember that when it came to window sales?) was exaggerated. Fifteen years ago securitizing was normal, even if you were doing $50 million a month. The $1.5 billion cap per Agency window sale cap
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Scalloping is one of Florida's signature diving experiences no scuba certification required. But once you've had your adventure, what can you do with your haul?