July 22: Servicing job; Fraud prevention report, HELOC, LO awareness, DSCR products Biden’s impact on the markets
No way, President Biden decided to drop out of the presidential race on National Ice Cream Day! The markets (take your pick… stock, bond, currency, whatever) don’t like uncertainty. Fixed-income markets, including those that involve mortgage-backed securities, generally sell off price-wise and go up rate-wise with uncertainty. With President Joe Biden announcing that he will not run for re-election…