Daily Mortgage News & Commentary

Sep. 24: A time saving edition

Sometimes there just ain’t much to say, so I’ll save you some precious time today. Lenders continue to look for products to fit their borrowers’ needs, rates are high, applications are slow heading into the autumn and winter months, any company not laying people off should make the headlines versus those that are reducing staff, or are rumored to be. Every lender and vendor is cutting costs. People still need a place to live, regardless of interest rates.

Monday’s commentary will be back to normal, with breaking news about an independent mortgage bank M&A.

Like I said, there isn’t much to say today, so we’ll skip to the joke and give you the rest of the weekend off.

 

My neighbor in San Rafael was working in his yard when he was startled by a late model car that came crashing through his hedge and ended up in his front lawn.
He rushed to help an elderly lady driver out of the car and sat her down on a lawn chair.
He said with excitement, “You appear quite elderly to be driving.”

“Well, yes, I am,” she replied proudly.  “I’ll be 97 next month, and I am now old enough that I don’t even need a driver’s license anymore.”

She continued, “The last time I went to my doctor he examined me and asked if I had a driver’s license. I told him yes and handed it to him. He took scissors out of the drawer, cut the license into pieces, and threw them in the waste basket, saying, ‘You won’t need this anymore,’ so I thanked him and left!”

 

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(Market data provided in partnership with MBS Live. For free job postings and to view candidate resumes visit LenderNews. This newsletter is for sophisticated mortgage professionals only. There are no paid endorsements by me. For up-to-date mortgage news visit Mortgage News Daily. For archived commentaries, or to subscribe, go to www.robchrisman.com. Copyright 2022 Chrisman LLC. All rights reserved. Occasional paid job & product listings do appear. This report or any portion hereof may not be reprinted, sold, or redistributed without the written consent of Rob Chrisman.)