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CFO, Compliance, Cap Mkts; POS, AI, REO, 2nd Lien, Verification Products; Housing Stats

Think mortgage math is complicated? Many in the nation are focused on air conditioning. Why is it measured in tons? It harkens back to the days of using ice, and a “ton” measures how much heat, removed by the system, would be needed to melt 2,000 pounds, or one ton, of ice in a 24-hour period. The result is then expressed in BTUs per hour. It takes 288,000 BTUs to melt a ton of ice in 24 hours, or 12,000 BTUs per hour. 1 BTU/hr. = 0.00029307107 kWh. And the average residential elec...
United States Anjelica Nixt James Clark Seth Sprague Freddie Mac Housingwire Clayton Collins

UW, Capital Markets, Training, Verification Tools; Webinars to Wrap up May; Chatter from NY

If you’re staying here in Manhattan, space is at a premium. I don’t recall the last time my room had a bathroom where one could turn the shower on, flush the toilet, and brush their teeth in the sink, all for a nightly tariff that would more than cover the monthly rent in many places around the world. Although this conference is about all things capital markets, like screaming buybacks from the Agencies, especially Freddie Mac, the primary markets are also a source of conversation....
Great Lakes United States San Francisco National University Jan Ozga Matt Wagner

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Digital Trading, HOA Document, Work Verification, Fannie QC Products; Non-Agency, Reverse News; Q1 GDP Numbers

Born in Ukraine, Golda Meir said, “Old age is like a plane flying through a storm. Once you are aboard there is nothing you can do about it." (Doubtful anyone called her Goldy.) Her time as the Prime Minister of Israel ended in 1974, and since that time oldsters in our biz have seen the yield curve invert ten times, give or take. Bond traders are no longer fully convinced that the Federal Reserve will do one more quarter-point interest-rate hike, given the nervousness about First...
United States San Antonio Freddie Mac Tawab Abawi Sharon Reichhardt Susan Milazzo

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