“A woman in Great Britain has died after being hit in the back of the head by a golf ball, on the first hole. Her husband was so distraught he only played the front nine.” Stories like that are terrible, and it is hard for men to catch a break. It is also hard for
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Cassius Clay preferred traveling in his own 1953 30-passenger bus. He said, “One good thing about a bus: If it breaks down, it doesn’t fall 30,000 feet”. Ali was also rumored to have the following conversation with a flight attendant on a trip where he couldn’t take a bus: Flight Attendant: “Buckle up, Champ”. Ali:
“Keep skunks and bankers at a distance” so the old saying goes. Mortgage bankers may have to ignore that saying, however, given some National Mortgage News data that shows that four companies (Wells Fargo, Bank of America Home Loan, JPMorgan Chase, and Citigroup) control almost 58% of the overall lending market. Wells was the largest
Is it the last day of September already? Wasn’t it just Memorial Day? Things are getting a little tight here around the Chrisman household. Yesterday my son came to me and told me that “management” knew that I had taken a stapler from my home office. “From now on”, he continued, “If you plan on
Is it the last day of September already? Wasn’t it just Memorial Day? Things are getting a little tight here around the Chrisman household. Yesterday my son came to me and told me that “management” knew that I had taken a stapler from my home office. “From now on”, he continued, “If you plan on
Out here in California, some in the business have been following the case of 28-yr old Garret Gililland III. Originally from the Sacramento area, he was just captured in Spain and brought back to California to face charges of a $100 million mortgage fraud ring. In yet another example of what seems to make the
With no economic news of note, and the 2-yr auction having gone well, rates are not moving much. Although today’s release of the Fed meeting’s rate decision may change that, depending on the language, no one is looking for an increase in overnight rates. The $40 billion of 5-yr notes is auctioned off about an
Guy at the bar: “I drink to forget’. Other guy: “Me too. Why do you?” That is a reminder that no one should forget that the economy moves in cycles. Tomorrow we will have the conclusion of the FOMC meeting, and the statement is widely expected to indicate an improved growth prospect for the economy
A story in “Inside Mortgage Finance” from August 31st stated, “The Federal Housing Administration is not considering adopting the Home Valuation Code of Conduct appraisal system now in place at Fannie Mae and Freddie Mac. Coming from a recent meeting with FHA executives, top officials of the National Association of Mortgage Brokers said they were
I guess that the economy is not doing that badly if someone wants to pay $4.5 million for a gravesite. You can check it out on eBay, but the bidding started at $500k and has skyrocketed. The lady is selling the crypt out from under her dead husband, who is resting in peace above Marilyn
“Holy Good Faith Estimate, Bat Man!” Here are HUD’s answers to all your questions about the new Good Faith Estimates & RESPA. In the old days, hurricanes were named after women. Why? Because when they arrive, they’re wet and wild, but when they go, they take your house and car. We now have Hurricane Bill
I guess this is how some borrowers feel when they lock a loan in a volatile market. Or maybe that is how any agent who has a lock with TBW feels. Today is the anniversary of the bombing of Hiroshima, and the date that some are finding out yesterday’s news that a large lender is
I guess this is how some borrowers feel when they lock a loan in a volatile market. Or maybe that is how any agent who has a lock with TBW feels. Today is the anniversary of the bombing of Hiroshima, and the date that some are finding out yesterday’s news that a large lender is
In my spare time I have very little to do, or so my family tells me. So the other day I carried out a little research project. Using the standard key board found on typewriters and computers, how many words can one type using only their left hand (like exaggerate or stewardesses)? I added up
I heard an esteemed commentator talking about the government paying private parties to carry out certain tasks. She was asking, “Is it really indicative of where we are as a society that someone can receive a credit of $4,500 for a car, but a servicer will only receive $1,000 to modify a mortgage?” This is
“In Alaska, wildlife officials want to protect the public from dangerous bears by dyeing the bears bright colors like blue, green and orange. Apparently, nothing calms down a man-eating bear like painting it.” And nothing calms mortgage servicers down like an all-day meeting with the Treasury Department. This happened yesterday, and they promised to “step
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