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Born on this day in 1920, Peter Viertel — who served in World War II in the Pacific Theater, later with the OSS in Europe — became a successful author and screenwriter. Jack Carr reflects.
Bestselling novelist Jack Carr, a former Navy SEAL, reveals how and why he creates his books as his newest work of fiction, "Only the Dead," goes on sale on May 16.
“I had a cousin who created a cold air balloon. But it never took off.” Like the intricacies of residential lending, few people are aware of the world of balloons. Meteorologists launch high-altitude balloons from the United States dozens of times each day. What’s more, weather balloons, are deployed twice a day, every day, at the same time from almost 900 locations around the world. Plenty of balloons fall to the earth. I really don’t like sensationalist headlines like “U.S. House Prices Plummet.” Especially when they’re false. Ask anyone who i...
This morning I head from Chicago to Atlanta, with a corresponding change in temperatures (20 degrees) and snow readiness (even the Chicago garbage trucks can be outfitted with plows; an inch of snow in Atlanta can paralyze the city for a day). “Don’t knock the weather. If it didn’t change once in a while, nine tenths of the people couldn’t start a conversation.” Whether or not an individual believes in manmade, or natural, climate change, is immaterial. If investors in mortgage-backed securities, or insurance companies, do, and it impacts borrower pricing, or...
Why aren’t there 103’s on rate sheets? With 30-year mortgage rates firmly in the 7 percent range, the market has moved too fast for any kind of substantive premiums for lenders or MLOs to offer borrowers. Put another way, there aren’t any securities trading at prices like 101 or 103 that offer above par pricing that can be passed along. And with volumes continuing to decline, it will take a while for the secondary markets to catch up with the primary markets. As one fellow capital markets vet wrote to me, “I don’t even see premium pricing in the capital marke...