Jeff Schaefer News Today

Friends. 33 hours away from the possibility of a United States of america becoming a deadbeat nation not paying its bills. Melissa in fact just moments ago, fitch putting our countrys credit on negative watch. Its a big deal to markets and investors. This just as reportedly there is progress being made in washington right now to end the shut down. In a few hours the house will vote on a plan to fund the government through february 15th, raise the debt limit to februaryth and cut off subsidies to...

Minimum wage hike up to 15 . But was everyone out there actually workers who would be making that money . We wanted to hear firsthand from someone in the protest. Louisiana vasquez is mcdonalds crew member who word at the fastfood chain for six months. Why are you on strike today . Well, well first i want to say good evening. Melissa good evening to you. Honor to have me here. Basically im actually on strike today for 15 and a union. And like i said to jst have more stable life. Melissa louis, h...

Minimum wage hike up to 15 . But was everyone out there actually workers who would be making that money . We wanted to hear firsthand from someone in the protest. Louisiana vasquez is mcdonalds crew member who worked at the fastfood chain for six months. Why are you on strike today . Well, well first i want to say good evening. Melissa good evening to you. Honor to have me here. Basically im actually on strike today for 15 and a union. And like i said to just have more stable life. Melissa louis...

Just hold on. Hold on. Oh, my god. This is a big one. This is bad, brian. Oh. Oh, my god. [ bleep ]. Oh, my god. Holy [ bleep ]. Holy. Listen, you can understand some of the profanity when your house is shaking like that. The glass breaking. Were going to have more of that video of the 7. 1 when it hit, but there have been significant aftershocks in the hours since. The mayor of ridgecrest says that some people, they just dont trust the strength of the integrity of their own four walls. So inste...

There’s an old LO joke, telling their client, “When you’re buying a house, be sure to do it with a significant other, and make sure that one of you has good credit. That’s why it’s called ‘significant’ other: sign-if-i-can’t.” Everyone in our biz knows that owning property is a great way to build wealth, although between elevated inflation, stubborn mortgage rates, and general economic uncertainty (one can argue that the future is al...

Today I am in San Diego for the SD CAMP event. At the same latitude, a poll was taken by Texas Governor Greg Abbott's office which asked whether people who live in Texas think illegal immigration is a serious problem. 29 percent of respondents answered: "Yes, it is a serious problem." 71 percent of respondents answered: "No es una problema seriosa." (Did you know that Texas even has its own pledge of allegiance?) Politics aside, Texas is home to many l...

Yesterday I was driving across Northern California to the coast (Gualala), and in Sacramento I asked the McDonald’s drive-through clerk (hey, only the best for me!) why the medium French fries were 30 cents more than the double cheeseburger ($4.29 versus $3.99). She immediately launched into an explanation of farming inequalities and Keynesian economics, and how aggregate demand does not necessarily equal the productive capacity of the economy. I shot back with, “Whoa, sister, wher...

Over the years, there have always been some negative rumblings whenever an “amateur” event is part of a “pari-mutuel” harness racing program. Some punters can be heard mumbling, “I’m passing this race…you know…amateurs.” Let’s clarify something about the amateur drivers right this very moment… The reason they are merely “amateurs,” as some of you mutter,

You should know that caffeine increases the power of aspirin and other painkillers, which is why it is found in some medicines. You should also know the “50-50-90 rule”, which definitely applies to me: Anytime you have a 50-50 chance of getting something right, there's a 90 percent probability you'll get it wrong. Cute sayings aside, one thing you don’t want to be wrong on is Fair Lending, and every lender, and their employees, should know the rules and regul...

“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...