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September 7, 2023
“My mother used to say that the way to a man’s heart is through his stomach. Wonderful woman, lousy surgeon.” There is some great food in various parts of the nation, and today I will head from Dallas, TX to Jackson, MS, for the Mississippi MBA annual conference. Dallas is certainly home to its share of real estate owned by people outside of the country. But it turns out that annual foreign investment in U.S. existing-home sales declined 9.6 percent to $53.3 billion over the...
August 25, 2023
What color of front door “sells” the best? Some say black, although in a related topic red is the most popular. Doesn’t that mean red sells the best if there are more red front doors? Statistics are interesting things. LOs everywhere tell me that the deals are harder, and as an indication of both statistics and harder deals, a report by the Consumer Financial Protection Bureau (CFPB) revealed that 11 percent of Americans have a "thin or stale" score file, a...
August 22, 2023
Phantom Planet sang, California here we come, right back where we started from.” Many here at the Western Secondary have spent their entire career in California, which makes sense given that, over the decades, 20-25 percent of the nation’s home loans come from here. Overheard in the hallway yesterday: “I’ve been in this business so long, I remember when the big sleeping area in the house was called a ‘master bedroom’ and not a ‘primary sanctuary.&...
August 9, 2023
“Once things were so tough for me, I worked at a cheap pizza shop to get by. I kneaded the dough.” Things are indeed tough out there. The other day I caught my cat Myrtle at the keyboard, apparently trying to show my new granddaughter Kozette how to apply for a loan to buy a tuna fishing boat. (I know, there’s a lot going on here.) Anyway, up on the screen was a website that will generate a paystub given whatever information you provide. How’d you like to be an underw...
July 25, 2023
“I am part of the 4 percent who want to ban the teaching of math. We are a quarter of the country, and we will not be ignored! And that number is growing; soon we will be a fifth of the country!” While we’re being quantitative… Everyone knows that there are 50 stars on the United States Flag. In 1945 there were 48, before Alaska and Hawai’i were granted statehood. Someone should have told the folks who filmed or fact checked “Oppenheimer.” Continu...
July 10, 2023
“The world is going to come to an end tonight at midnight. Tune in tomorrow to see if it did!” Sensationalist headlines or bad predictions are tiresome at best, misinformation at worst. There is actual news, however. For example, thank you to the Knowledge Coop’s Ken Perry who sent along the latest in the Matter of ICE and Black Knight. LOs and underwriters know that the Supreme Court overturned the Biden administration’s student-debt forgiveness plan which would have...
June 6, 2023
Well, what should we start with today? How about how California and Texas ranked highest on the United States Postal Service’s annual list of states with the most dog bites against its employees? Or how ‘bout Freedom Mortgage Corporation filing a notice of data breach after learning that confidential consumer data entrusted to the company was subject to unauthorized access, the result of a cybersecurity incident at one of the company’s vendors, Mortgage Industry Advisory Cor...
May 8, 2023
Amidst the seemingly week mass shootings and violence, individual deaths stand out. Heartfelt condolences go out to Jennifer and Dan Gilbert, of Rocket Mortgage, over the death of their 26 year old son Nick. No parent should have to deal with the death of their child and going through the grieving process. Meanwhile, UWM’s Mat Ishbia was involved in a play during the NBA playoffs. When I was a kid, my grandmother (Edna, and the source of several of my passwords) came to live with us. When...
March 6, 2023
/PRNewswire/ -- Motto® Mortgage held its sixth annual awards ceremony during its 2023 Motto Mortgage Innovation and Loan Excellence Summit (MILE) at the MGM...
January 12, 2023
Check out our roundup of business news and updates.