Charles Dickens famously wrote: “It was hottest of markets, it was the coldest of markets…” Or something like that. And – that is precisely what we are seeing across the 9 states in which we...
There is probably no more important concept for people to understand than this: why can the U.S. print so much money without inflation when other countries can’t? It is so important because so many...
We compete viciously against mortgage brokers who send their loans to United Wholesale Mortgage (UWM) – and I am going to defend those brokers and UWM equally viciously. UWM is […]
Today’s blog is a “random show” of short and unrelated (but interesting, I promise) snippets. Interest Rates Hit Peak for 2024 Rates are their highest level of the year and […]
Not ONE of the millennials who run JVM Lending was in the mortgage industry prior to the 2008 meltdown. In their minds, it was just some ancient event like the iPhone invention, the French...
My wife Heejin and I are both licensed real estate brokers. And between the two of us, we have bought and sold at least 25 properties over the years. And […]
The disease is called Gell-Mann Amnesia and it is costing you far more business and goodwill than you can possibly imagine. And worse – we ALL suffer from it! I will explain why, but I want to...
A borrower almost left us recently for another lender that was offering a $1,000 credit for closing costs – because … WOW! $1,000! BUT.. that lender also offered that same […]
Jerome Powell is terrified of having an Arthur Burns legacy. So, he’d much rather push the U.S. into a severe recession than risk cutting too soon – and re-igniting inflation. Yes, recessions and...
We lost a borrower during the pre-approval stage to another loan officer (LO) who quoted an “estimated” interest rate that was 1/4% lower than ours. We tried to explain to the borrower that LOs...
Hot jobs reports can push rates way up, but they should not be trusted. The actual data surfaces sooner or later, and rates adjust back downward. Sometimes it takes a day or two, and sometimes,...
Rocket just fired all of its newly minted real estate agent/loan officers – surprising… nobody. Before I explain this though, I want to touch on something I missed in this […]
"JPMorgan CEO, Jamie Dimon’s, big JPMorgan stock sale may be a warning sign, given his stellar track record at market timing.” That is a CNBC headline from this morning. This short post on X...
Now that our bridge loans are becoming so popular, we are having a lot of conversations with borrowers about recasting. Recasting = Re-amortization of Mortgage After a Lump Sum Paydown […]
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