What’s new out there? Well, United Airlines is talking about having couches in the air. There’s always something new in compliance, and there are firms that specialize in it including Feewise, Truework, Asurity, RiskExec, TENA, ACES Quality Management, Firstline Compliance, and LicensingStore.com listed in the Marketplace. There’s always something new impacting mortgage rates. “Rob, I know that short term rates have gone up more than long term rates. Doesn’t an inverted yield curve, where short term rates are higher than long term rates, portend a recession?” Not always, especially when it is temporary. All kinds of people predicted a recession a few years ago that never materialized, reminding us that no one can predict the future. That said, financial companies like JPMorgan Chase predict no Fed cuts in 2026 and mortgage rates, which have gone back up to last summer’s levels, aren’t helping biz. Investors don’t think much of the prospects for builders, and their stocks have behaved accordingly. PulteGroup, for example, is at a one-year low, down 20 percent from a few months ago. (Today’s podcast can be found here and this week’s ‘casts are sponsored by Quorum Federal Credit Union offering a broker outlet. Quorum empowers brokers to close more deals with flexible, high-LTV mortgage and HELOC solutions featuring up to 4 percent comp, low FICO options, and versatile programs for nearly every borrower scenario. Each day’s podcast features an interview with a mortgage luminary after 6AM PT, today’s with Peter Idziak with Polunsky Beitel Green on President Trump’s executive order’s impact on mortgage regulations.)
