A statistician is someone who is good with numbers but lacks the personality to be an accountant.
What’s wrong with this picture: Rates are unbelievable, yet there are many companies out there who are barely doing any loans. Investors are backlogged and swamped, yet mortgage banking employment numbers are down significantly from only a year or [...]

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Gee, whenever I have too much to drink in Utah and find myself around a mortgage company’s computer server, I feel like opening fire. I guess I’m not alone. http://www.sltrib.com/sltrib/home/50159264-76/campbell-computer-police-server.html.csp
Jefferies, and other Wall Street firm’s analysts, have recently pointed out that the effective rate of interest on all US mortgage debt outstanding (about $11 trillion [...]

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The interesting thing about “mortgage banking” is that it is not a discipline taught in school to youth. It is not like chemistry or psychology, or animal science, etc., that one can major in. It includes aspects of many different things, like finance, sales, marketing, psychology, accounting, and so forth. The skills and knowledge of [...]

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To Our Clients, Colleagues and Friends,

How long does a bank have left to live after it receives a Prompt Corrective Action letter?  If you look at Los Padres Bank, they consented to a PCA letter on July 27th (they were told to raise capital), and they got seized this past Friday.  That was 24 days. [...]

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