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McDonald’s taking 9 years to eliminate its self-serve soda pop machines. (Couldn’t they take 5 hours and just move the machines behind the counter?) In other non-mortgage news, arguably more interesting to talk about than the continued decline in mortgage applications and IMBs concerned about CRA requirements (STRATMOR’s current blog is titled, “Knowing CRA Developments is Critical”), remember when it was Ford, GM, and Chrysler? The third largest automaker in the world is VinFast, a Vietnamese electric vehicle manufacturer that was founded in 2017 and listed on the Nasdaq this month with a market cap of $191 billion! This is behind only Tesla ($760 billion) and Toyota ($270 billion), and well ahead of Chinese car maker BYD ($90 billion) and Volkswagen ($70 billion). VinFast, which entered the electric vehicle market last year, is planning to build a factory in North Carolina. Oh, and Ford is at $49 billion, GM $46 billion. Yes, rankings of all industr ....
“When I was young, I was poor. But after decades of hard work, I am no longer young.” The quip about “The greatest cause of death is birth” aside, we’re all going to die. The question is, “How?” It takes a while for statistics to catch up, but in 2019 the biggest killers of Americans were heart disease, cancer, and being poor. “There were at least 180,000 poverty-related deaths in 2019, new research estimates, surpassing deaths from causes like homicide and drug overdoses.” Unclean air, water, lack of access to good health care are listed. But we, in the residential lending industry, are in a good place to help better people’s housing situation… every day! Loan officers are in a very good position to do so, and today is the last day for them to comment on NMLS Modernization. (Today’s podcast can be found here and this week’s is sponsored by Richey May, a recognized leader in providing specialized ....