Mortgage brokers have always been quick to point out that rumors of their death are greatly exaggerated, but the stats on mortgages done by direct lenders vs. brokers suggest otherwise. National Mortgage News reports that: The wholesale/broker loan channel accounted for 11.6% of originations in 3Q, compared to 10.5% in the second quarter, a period [...]

Why does someone believe you when you say there are four billion stars, but have to check when you say the paint is still wet? That kind of person had better read the next paragraph. For anyone who originates loans for a living, or knows someone who does, or who didn’t comment during the HVCC [...]

“Do not corner something that you know is meaner than you.” And is there anything meaner than me when I feel I was on the bad side of a trade? Last week I bought some Krispy Kreme stock for my daughter. This week it was lower! So I called Charles Schwab to complain, and ask [...]