Does evolution lead to success? Major League Baseball is banking that instituting a pitch clock and banning defensive shifts starting next year will lead towards shorter games and more fan interest. M.L.B. will also increase base sizes by three inches to reduce injuries and increase stolen base attempts. The league must be envious of the continued success of the N.F.L., which kicked off its regular season this past weekend. Television viewership for the N.F.L. in 2021 was its strongest in six years, even as most television programming around it craters in popularity. Last year, television networks committed about $110 billion for the rights to show the N.F.L. for the next decade, putting the league on track to meet Commissioner Roger Goodell’s goal of earning $25 billion in revenue annually in 2027. Mortgage companies are also looking to evolve to increase revenue. Expanded product offerings, cutting overhead, automating processes, and advancing tech stacks are just some solutio
The mortgage industry has come a long way from March of 2020, when the Federal Reserve pledged to buy “unlimited” amounts of Treasuries and MBS to stabilize the credit markets. The Fed started to shrink its balance sheet earlier this summer, and at the start of this month ramped up to a reduction rate of $95 billion per month ($60 billion of Treasuries and $35 billion of MBS) with plans to end its purchases of MBS from early payoff proceeds next week. The Fed’s actions in March of 2020 helped stave off margin calls for many lenders, though several European countries are now providing billions of euros in margin call support to European energy companies that need at least $1.5 trillion to cover the cost of their exposure to soaring gas prices. Margin calls eat into companies’ capital, and mortgage companies need all the cash they can get in this higher interest rate environment that has shocked borrower demand and subdued sales. Time on the market for homes i
If idle hands are the devil's workshop, Old Scratch was unwelcome at QuiltMania, three days of nonstop productivity by the Saline County Quilters Guild.
The western collar county is once again the healthiest in the state and has ranked in the top 6 healthiest counties since 2011, according to a comprehensive report comparing counties’ health statewide.Â