Month: January 2026

“I am getting so sick of millennials and their attitude. Always walkin’ around like they rent the place.” When thinking about things like politics or housing, or many things, there’s the adage, “Follow the money.” For example, did you know that Ozempic was created thanks to research on Gila monsters, the only venomous lizard in the US? Their venom slows digestion and curbs cravings for hours. Ozempic, as it turns out, is not manufactured in the U.S. but is made by Novo Nordisk , a Danish…

It doesn’t take the current storm sweeping through parts of the U.S. to make us remember that lenders, and everyone, are impacted by the climate and the weather that comes from the climate. You’re not going to have a home inspection when there’s four feet of snow on the ground. Is a borrower going to make their payment if their house was flooded? Americans are concerned about climate change but seem to believe that climate change happens to some other person who isn’t them. A new survey…

Is anyone locking loans in this storm? Or looking at open houses? Some things can be intentional, or unintentional… like gleeking . President Trump suing Jamie Dimon and Chase yesterday for $5 billion over “ political debanking ” is intentional. Having an email address is intentional; the emails that are delivered are unintentional: I have one email reserved for weight loss miracle drugs, opportunities to become a millionaire with crypto, and eastern European women who want to meet me…

One day of bond market move can wipe out any price benefit from the Agencies buying $200 billion of Agency MBS. In his Davos speech yesterday at the World Economic Forum in Switzerland, President Trump argued that homeownership is central to the American dream and criticized large institutional investors for driving up prices, saying “homes are built for people, not for corporations,” and touting an executive order aimed at restricting such investors from buying single-family homes to help…

While “Sell America” goes on, or at least the perception of it, outside our borders, leading to bond prices going down and rates going up, in this country we are learning the difference between a pardon, a commutation, and clemency. I continue to hear how fraud, especially occupancy fraud, in residential lending is on the upswing. President Donald Trump commuted the five-year prison sentence (freed, but conviction stands) of a New York real estate manager convicted of fraudulently obtaining…