As the legal and proxy battles are waged among Two Harbors, UWM, and CrossCountry, today I head to New York for the MBA's Secondary & Capital Markets Conference. John Wooden said, “Failing to prepare is preparing to fail” and across the land, over a thousand people are avoiding failure by preparing, lining up sessions, meetings, and hallway chats, along with social events. Participants had better prepare for sticker shock: $30 cocktails. Several topics are dealing with the re
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Every once in a while, I break out of bunking down at Hilton’s DoubleTree in the U.S., despite the tasty cookie. Recently I spent some time in Indonesia. Yes, the region is known for its nefarious computer activities, but what immediately strikes you are the two-wheeled vehicles: the country is estimated to have 120-132 million scooters and motorcycles, and I can guarantee you that a good chunk of them don’t have license plates or registrations. Try running a mortgage company
As many of us prepare for the National Secondary (and visiting I’m Donut? in Times Square), food is an issue. If you’re a fan of saffron in your food, find a substitute. The blocking of the Strait of Hormuz due to the war has hit saffron: Iran produces 90 percent of it. The war’s impact on mortgage rates will certainly be a topic on today’s Capital Markets Wrap, and I received this note. “Rob, mortgage rates have moved higher, certainly higher than where we thought they’d be.
