While we await FEMA to declare the Yellowstone area a disaster (page down and spend 40 seconds watching the video) is “niches to riches” the new informal slogan of loan officers? LOs are certainly watching how higher interest rates have already impacted American homeownership as rising mortgage rates and house prices reduce buyer affordability. At the other ends of the loan process, making the rounds, which capital markets staff say is causing confusion, via ZeroHedge is a blog post from Louis Barnes at Cherry Creek Mortgage declaring MBS going “no-bid”. While many of us can agree liquidity isn’t what it once was, there are still massive volumes of MBS being transacted upon daily. Bid/ask spreads are certainly not as tight as they once were but we are a far cry from the early days of COVID 19 where some dealers outright refused to trade TBA. In other words, liquidity isn’t what it is in a normal market, and bid/ask spreads are wider, but no one
there s a red weather warning that s the highest level of weather warning and parts of cork city now have flooded due to some tidal surges. other coastal areas in the republic of ireland, for example in dublin, the government advised schools to close there to ensure that everybody is safe. so it s definitely a day to avoid being out and about if you possibly can avoid it. there are some people, though, news reporters included, who simply have to be out and about in this weather. over the next 2a hours we can expect the weather to be pretty challenging judging by what it s like already. the boss of a us company has come under fire after sacking around 900 of his staff on a single zoom call. vishal garg, chief executive of a mortgage firm, told his employees if you re on this call you re part of the unlucky group being laid off , adding the last time
some kind of body that can step in and say, right, we are taking that child out of that situation, you know? the father is not man enough to do that himself, someone has to say, this child is suffering and needs help, and take them out of the situation. and i guess that is what social services are for. the head of a us company has come under fire after sacking around 900 of his staff on a single zoom call. vishal garg, chief executive of a mortgage firm, told his employees that if they had been invited to join that call, they were being laid off. this story is the most right on the bbc website, by the way. he actually said, you were the unlucky ones. he blamed staff performance and market changes for the mass firing. he didn t mention that we can