First, I hope everyone is doing okay with everything going on. As many banks and other lenders pull back thru the pandemic and the mortgage rate increase we are still funding. We fund and hold all of our loans…
The picture above is a bit more relaxing to look at as opposed to the media barrage of the coronavirus and stock market (do you know where I took the pic, hint in CO, email me if you know). The…
We are at an interesting crossroads in the economy. The Federal Reserve and economic data show that the economy is very strong with consumer spending and confidence at all-time highs. At the same time the bond market is portraying a…
Vail recently announced that skier visits through January 5th are down 7.8% across all its resort properties while lift ticket revenue was flat. With prices not increasing, how are visits down yet revenue still flat? What does this have to…
It is ski time in the Rocky Mountains with over 250 inches in many of the resort communities. Do you know where the picture was taken (hint it is a "Costco" resort, email me if you know)? Although…
Looks like we should have smooth sailing in 2020, but the National Association of Business economists (NABE), the premier professional association for business economists counting Alan Greenspan as their past president, just released their business outlook predictions placing the odds…
After years of increasing credit scores, FICO, the fico credit score used by the majority of lenders, has done an abrupt shift. FICO Score changes in how the most widely used credit score in the U.S. is calculated will make…
The ink was barely dry on Wall Street’s 2020 outlooks when the first case surfaced in China. A quick tally shows the coronavirus has wiped $1.5 trillion off the value of world stock markets since Jan. 20, when a slide…
As the economy shrugs off recession fears with unemployment hovering near record lows and the stock market continuing to heat up there is one major byproduct that could be impacted, mortgage rates. There was a ton of bad news…
If you missed the article in the Wall Street Journal, you need to read it. The reporter demonstrated how he went dumpster diving and resold the items on Amazon. This is not a new concept and appears to be…