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…
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…
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…
The House of Representatives passed a cannabis banking bill with bipartisan support that would allow banks to provide services to Cannabis companies where it is legal. What was in the bill? How will this impact real estate throughout the country?…
President Trump announced the revocation of the California clean air waiver act. Regardless of where you sit on this particular issue, the impacts will be profound on States rights, on real estate and one industry in particular. Why are 33…
Fitch Ratings, one of the big three rating services (the other two are Moody’s and Standard and Poors) announced big changes to their pricing models that rates mortgage securities. What is changing? Why is this change so impactful? Why will…
If you have closed any real estate loan since 2003, you have over a 25% chance you were impacted. First American, the second largest title insurance company in the United States handling over 26% of all closings, announced a data…
We keep hearing that the spring real estate season is just around the corner, yet the April housing numbers came out showing a 4.4% decline from 2018 and continuing a downward trend of declining sales for the 14th straight month. …
GDP numbers came in great far exceeding expectations at 3.2%. President Trump tweets “we knocked it out of the park”. At the same time inflation remains low/nonexistent which has enabled mortgage rates to fall over 1%. Even with all this…
