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Broker, ECOA, VA Cash Out Products; Disaster News; Thoughts on Yield Curve and IMBs

Whether or not you think that climate change is real, you can’t deny that there is a climate, and that climate-related disasters occur… to the tune of $170 billion this year per one estimate . And given that state-specific foreclosure laws impact servicing values, and therefore rate sheet pricing, servicing values that vary based on the likelihood of natural disasters in a given areas aren’t a stretch. (More disaster news below.) Something else that that we don’t regularly think about is trucking, and how trucker comp impacts productivity. Thousands of trucks are stacked up, waiting for Highways 50 and 80 to open in the Sierra Nevada mountains, impacting supply chain issues even more. Nationwide, the current “shortage” of truck drivers is reportedly around ....

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