Tag Archive for: trump

Trump’s Speech to Calm The Markets, Roiled Markets

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On Friday of last week, JVM sent commandos into all of CrossCountry Mortgage’s offices in the SF Bay Area. The raid was very successful, as we shut down all of CrossCountry’s Bay Area operations. While CrossCountry is none too happy, JVM is very happy because we can now charge 1/4% higher rates in the Bay Area - now that all that competition is out of the way.Read More

Seller Rent Back Rules; Two Forces That TERRIFY & BEAT Trump and All Presidents

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President Trump was panicking last night. Guaranteed. Sheer panic. This is because, in what was the most interesting weekend in finance in the last 18 years, there were two forces that brought Mr. Trump to his knees. I will explain why below, but first, a quick reminder: Sellers can rent back a property they just sold (and remain in the home) for up to 60 days after close of escrow.Read More

Why President Trump NEEDS Fraud & Waste! Productivity Too!

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There is something the “cut-all-wasteful-spending-NOW!” crowd does not understand. Our economy depends on that spending and the resulting government borrowing – no matter where the spending goes (and it is NOT just because of the stimulus it provides). Last week, when everyone was screaming and yelling on X about all of the fraud and waste in government – and how we need to cut it all immediately – analyst Ed Dowd posted this in response:Read More

What Else Can Mr. Trump Do To Bring Down Rates And Home Prices?

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“We should ban rich people from going to McDonald's to bring down McDonald's prices.” 😊 George Gammon said that in jest in response to Mr. Trump’s ban on institutional investors from buying single-family homes. More on that below. In recent days, numerous Trump administration officials (Bessent, Lutnick, etc.) and other macro-observers (including the “All-In” podcast hosts) predicted 5% to 6% GDP growth this year.Read More

Trump Pushes Mortgage Rates Way Down (QE, Here We Come!); Why I Hate It!

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10 Year Treasury yields are about the same today as yesterday, but mortgage rates plummeted. The reason? Mr. Trump announced $200 billion of “quantitative easing” yesterday, focused only on the buying of Mortgage-Backed Securities (MBS).Read More

Trump Can’t Fight The Most Powerful Force On Earth; Venezuela Aftermath Tells Us Much; 1% Rates????

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Interest rates hardly budged in the aftermath of the U.S. raid on Venezuela – and it tells us much, given the bond market’s track record of accurate predictions. If violence or war in Venezuela were likely to escalate, rates would probably be falling - like they typically do when the world is facing serious geopolitical risks (investors move to the safety of bonds).Read More

Why Mortgage Banks and Democrats Hope Trump Is Wrong; BLS Proved To Be BS Again

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I. The Bureau of Labor Statistics (BLS) has been releasing employment reports for several years running that have been ridiculously inflating job growth – and sending rates way up! What […]Read More

12-Month Bank Statement Loans! Cost Of Waiting To Lock A Rate; Trump Can’t Have It Both Ways

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We now have a loan that only requires 12 months of personal bank statements for income verification. This is such a big deal because it is another indication of how flexible the non-QM market is getting. This loan uses the aggregate of deposits into a personal account for income. Other bank statement loans require 24 months of statements, business statements, and/or expense ratio calculations (that limit income). This loan also allows for credit scores as low as 620 and down payments as small as 10%. It is an excellent loan for self-employed and gig-economy borrowers whose tax returns (or even W2s) don’t adequately reflect all of their income.Read More

Can A President Fix Inflation? Trump’s Biggest Screw Up?

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Voters are very upset about inflation – and about 60% of them blame President Trump for today’s high grocery prices and inflation in general (about 3.0% per the last CPI reading). Most voters do not hold significant levels of assets (which rise with inflation), so high inflation rates are particularly painful for them, as inflation severely impacts their standard of living. Peter St. Onge, in fact, insists that it was inflation that helped the Democrats do so well in recent elections.Read More

Uh Oh – Trump’s Dovish Fed Nominee Pushed Up Rates! Lower Deficits = Higher Rates!

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Economies grow much faster with less government spending and borrowing. Ironically, lower deficits can foster higher rates because less borrowing and spending results in faster economic growth.Read More

Rates Plunge! Job Market Collapses; Tariff Damage; Trump’s Gamble; 0% Rates?

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Wow! The Bureau of Labor Statistics (BLS) shocked the world today with what might be their first accurate report in years.Read More

Is The Fed Independent From Politics? Why It Matters So Much!

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The Fed was established in 1913 to foster monetary stability. It consists of a board of governors in Washington and 2 regional Federal Reserve Banks across the U.S. It is owned by its member commercial banks, and it is supposed to be independent, despite being partially set up by Congress.Read More

What Happens If Trump Gets His Wish For 1% Rates?

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President Trump is actively calling for the Fed to cut rates to 1%, despite record-high asset prices and debt levels.Read More

MYTH: Low Interest Rates Mean Economy Will Boom; It’s The Opposite

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What is the one thing Mr. Trump is most confused about? (A question that will no doubt raise the ire of most of my readers. 😊)Read More