Yesterday in Ft. Wayne, Indiana, at the Indiana Mortgage Bankers Association’s annual conference, one of the non-mortgage conversations that I had was about TV. (Sometimes people talk about shows they’re “streaming.”) I don’t know what’s what: Hulu, Paramount, Paramount+, Dish, Amazon Prime, Disney, Disney Plus, Charter, Verizon, Comcast, You Tube TV, Peacock… can’t we just go back to cable? Maybe not: The number of Americans opting out of cable accelerated in the first quarter of 2022. In 2019 and 2020, a net of 1.1 million subscribers cancelled their cable or over-the-top streaming television, a figure that rose to 1.4 million in the first quarter of 2021 and has now hit 2.5 million cable cancellers in Q1 of this year. Comparing subscriptions in 2022 versus 2018, the only winners are Hulu + Live TV, up 3.1 million subscribers, and FuboTV, up 925,000 subscribers. The rest of the cable landscape? It’s bad: Comcast
Years on a trading desk and hedging locked pipelines teaches one that different things move bonds at different times. Right now, rates are still being driven by pandemic news… Yes, rates went up yesterday and this morning, but up until then, many analysts found it odd that the bond market, which drive mortgage rates, continued to seem to shrug off inflation news. The old adage, “Don’t fight the Fed” is true. The Fed has made its intentions clear, and no, rates don’t move up or down in a straight line, but no one should be surprised if mortgage rates are higher in six months than they are now. Lenders with marginal branches and MLOs are focused on making them better and increasing their revenue… or else. Speaking of revenue, thank you to Nevada’s Guy S. for pointing out the Internal Revenue Service (formed in 1862, officially named in 1918) explaining in a helpful list of tax tips shared online: “If you steal property, you must rep
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What is your, and your company’s, value proposition? Lenders must be vigilant, which means paying attention to trends, big and small. For example, on the large scale, more and more analysts are talking about talking about the Federal Reserve tapering off on its asset purchases, given the potential expanding U.S. economy. It seems that only the Fed is hesitant talking about it! But at some point, it is believed that the Fed will acknowledge the situation, and some of the emergency actions taken a year ago will begin to be removed. On a small scale, while some have been fretting about Amazon entering residential lending for years, how about watching those actually impacting their business? For example, “millennial and Gen-Z-focused” home buying platform Lower, announced the launch of its mobile app and new FDIC-insured deposit account, “HomeFund.