arthel: our fox team coverage, mark meredith has the latest from the white house. first, we are going to congressional correspondent program, chad. although it was not surprising, talk about why was not sanctioned by not one republican. on the democratic side of the aisle when you have the vote, you don t need help from the other side. democrats feel burned in 2009 when they are trying to do a stimulus bill. they tried to pass obamacare, they did not get assistance from replicants so they said let s go it alone if you can keep your side together, you can pass anything you want. eighty votes for something, all you need is a margin of one. in this case, the key with joe manchin of the democrat from west virginia. democratic leaders knew they must secure the votes joe manchin and kristin, he reduced the side of extra unemployment benefits to $300 a week compared to $400 each week. he delayed the process by 12 hours yesterday. it wasn t all pediatrics. the true delay, he was ab
Yesterday I was driving across Northern California to the coast (Gualala), and in Sacramento I asked the McDonald’s drive-through clerk (hey, only the best for me!) why the medium French fries were 30 cents more than the double cheeseburger ($4.29 versus $3.99). She immediately launched into an explanation of farming inequalities and Keynesian economics, and how aggregate demand does not necessarily equal the productive capacity of the economy. I shot back with, “Whoa, sister, where’s my extra catsup packet?” Okay, that exact exchange didn’t take place, but it did remind me of supply and demand, and mortgage rates, and there is an explanation of the current forces is in the capital markets section. There are a myriad of other things that CEO and owners are watching, many of which will be discussed today at 11AM PT during the Mortgage Matters podcast (register here) when Mark Jones, President of Union Home Mortgage and Chairman of the MBA, is the guest
My cat Myrtle doesn’t have a lot of rizz, and there are those that will argue that no cat has any charisma whatsoever. But plenty of marketing people do, or can create it, and even if you’re not in marketing, there are some clever marketing people out there. Creative minds as well, and if you’re looking for a Christmas present, here are the “best inventions of 2023” per Time Magazine. There is also cleverness and creativeness in the modular home manufacturing industry, probably far outpacing the ability of state and local government to issue permits. Meanwhile, lenders are facing a winter trying to figure out if they are in the “Survive until ‘25” camp or the “Grow more in ‘24” mindset? The credit industry is reeling as lenders grapple with soft versus hard pulls, renegotiating pricing, and bundled deals. And for some reason LO comp continues to be unsettled: dual comp, MLOs as real estate agents, transferring