Tyler

Controversial take: if you're buying a house with <10% down opt for an FHA Loan not conventional. Rates and values will likely go down hand-in-hand. You can refi if underwater on a FHA. Can't on conventional. The additional cost of UFMIP may be worth it.

@bradmillscan x.com/i/status/20347… Doesn't this kill open claw?

My bot is even more unresponsive this morning. My first message to him died from context overload. All I said was: "the computer restarted, can you make sure all of our services are online?" The run died from a 1.5 million token prompt. Another day of debugging for me.

@EXM7777 Me a few mins ago 😑

Opus in Claude Code with 1M context is amazing... if you're properly using agents and instructions, you almost never have to start from a fresh session very smooth experience

@pwenweb3 @AlexFinn @bradmillscan See previous reply (ask Claude) ask how you can rent and use a VPS from phone. I am exiting stage left 🕊️ via con Dìos

@TBitTwo @AlexFinn @bradmillscan Wow thank you so much I really do appreciate it I would.

How in the hell are these accounts claiming to run entire companies w/ OpenClaw. I just spent 1.5 HRS trying to get my claw to use X API for reading tweets. FAIL We have a whole SOP documenting exactly how to do it from previous failures. I can’t imagine running 10 of these…

@pwenweb3 @AlexFinn @bradmillscan There is no following. Chart your own path. Start with Claude code. Get stuck, ask Claude. Not sure of Claude's response, ask Chat. Don't like Chat's feedback, ask Gemini. Point of all this is to stay, just start. If you have the idea there's never been a better time to build.

@TBitTwo @AlexFinn @bradmillscan I don’t know which direction to follow

@pwenweb3 @AlexFinn @bradmillscan Brother, just get started. Pick a direction and go.

Hello brother, good morning and sorry for any inconvenience…. Just curious brother I’m about to start vibe coding I have an insane idea of what I want to build but I don’t know the best platform to use to vibecode it, I don’t think using mainly Claude code would do the best for me because it’s actually crap spent crazy amount on replit and Claude to even get a simple mvp up and it didn’t total crap nothing clean whatsoever, so I want to ask what do you think I use or which platform you think I use ? I have been hearing cursor lately and I haven’t tried it because I feel it might be same thing like this two platform I already use and I don’t want to go waste money again.

Emotions that don't exist in English: Sonder (German) The realization that every stranger you pass has a life as vivid and complex as your own Mono no aware (Japanese) The gentle sadness of knowing everything beautiful is temporary and loving it more because it will not last Merak (Serbian) A deep sense of contentment found in small moments. Shared laughter, warm light and feeling fully present Iktsuarpok (Inuit) The restless anticipation that makes you keep checking the door, waiting for someone who has not arrived yet Toska (Russian) A quiet heavy ache with no clear cause. A sadness that settles in and refuses to explain itself Forelsket (Norwegian) The euphoric rush of falling in love, before reality has a chance to interrupt it Kilig (Tagalog, Philippines) The sudden flutter in your chest when affection catches you off guard, a warmth that arrives before logic does Hiraeth (Welsh) A deep longing for a home that no longer exists, or maybe never did. A homesickness for a feeling rather than a place

@mortgagetruth Community note: Colin is right

According to whom? Here is real lock data from Optimal Blue from yesterday. 6.17% for a conforming 30-year fixed mortgage. Will be even lower today.

@angelo_CRE Claude chrome extension. Don't ask it to complete your CE. Tell it to click the green continue box when the video finishes (or whatever the task is,an arrow, next button) For Pete's sake, don't tell it to do your CE.

I need an OpenClaw agent by March 31st…

@DrJackKruse Likely his handlers.

It will be hard to fix him with this development.

@mortgagetruth @Kalshi Colin = Mortgage Community Notes

@Kalshi lol. But prices have been flat for years, wages are up, and rates nearly 1% lower than a year ago. Do the math.

JUST IN: US housing market at "most unaffordable" level in history

@mortgagetruth @N8RealEstate Nope still at 6.25% par on a rate & term DSCR at 70 maybe 75 ltv.

@N8RealEstate You might be a little late to the party.

Are you all doing a lot of refinances right now? I'm holding a few 8-9% interest rate loans on my rentals With rates being in the 6's now I'm going to try to get out of these

@HomeLoanBill @mortgagetruth Check the "Close by dates" on the 6.0 cert. Freddie should give you leeway on getting it closed prior to the transition to 6.1. prob the income, doubt it's credit or PIW ACE

@mortgagetruth From what I’ve heard from multiple sources, LPA is updating to v6.1 next week…and they’ve already started implementing changes that have affected v6.0 LPA findings. I had a combined 80 years of mortgage lending experience review these findings. Everyone is perplexed.

MLOs - Double check your tight LPA PQs/PAs. I just had one go in for CTC and it flipped from Accept to Caution. We’ve added reserves, lowered LTV, all the tricks…nothing.

@rei_chronicles @joeknowsthemrkt I'm an LO. I come across distressed sellers often that fall short on hard money guidelines most due to primary rez. I let em go every time. Lmk if worth a connection?

@joeknowsthemrkt We recently had a deal close and it wound up being a freebie. How does this happen you ask? Here’s the rundown… We had a seller reach out to us on our PPC campaign. House was worth 310k Owes 297k (including reinstatement) 3 months behind on payments (in foreclosure) 3.25% interest rate Gross cash flow on rent would be roughly $750.00 Needs around 15k in work (new garage door, interior paint, flooring, landscaping repair) Sellers father in law is sick they want to move in with him (at least they have a place to go) Seller wants 20k, not an option…settle on 12.5k I’ve made it no secret on here I’m not a big fan of sub to, for a lot of reasons (that’s a conversation for another day). We only use them when there’s no choice and the seller is desperate. I’ve done 4 in 7 years, and I’m very rigid about who they get assigned to. In this case subto was the only option (tried a lease option struggled to find a lessee and we were on a time crunch) We open escrow, get an authorization from the seller, email the trustee to get the reinstatement amount, they give us a figure, that matched what the seller told us. We call a guy we’ve worked with on a subto before he’s interested, walks it, we’re good to go (tries to get a lower purchase price there’s no room). We agree to move forward. Escrow starts the paperwork, we get ready to close in 7 days or less. Mind you we’re looking to make 5k on this, not an exorbitant amount all things considered. We start this on a Thursday, following Wednesday everyone’s signing paperwork, we email to get an updated reinstatement, original number they gave us is approximately 7300.00 less than what they’re saying before closing. We wind up waiving our fee, seller takes less than the $12,500.00 and we close. While it was a bummer, and certainly don’t want to make that a habit, in the grand scheme of things it wasn’t that big of a deal. We’re blessed to have 11 other escrows (flips, listings, wholesale) plus we were able to help the seller out of a bad spot.

@niccruzpatane @ZacMannes you see this? Wild.

Elon Musk is playing 4D chess. Millions of Tesla vehicles with AI4 computer chips will be able to run Tesla’s/xAI’s Digital Optimus (Macrohard), effectively becoming your own AI agent when parked. You might also be able to earn income from your Tesla by opting in to let Tesla use your car’s AI computer for distributed inference workloads. Tesla/xAI would pay you for the compute. Elon mentioned each car would have ~1 kilowatt of high-performance AI inference capability. 100M cars is 100GW of distributed compute. Tesla could turn their entire fleet into a giant distributed inference network, spread across the world, powered by the batteries and AI chips in the car already. Feels like everything is starting to fall into place.

@dangreenoh Is the rate sheet available to the public? Checked. Didn't see it.

Opendoor is getting attention for offering mortgage rates that look "below market" and I want to talk about it. This isn't some magic trick. It's actually pretty basic. Here's how we do it: Opendoor mortgage rates aren't marked up. The end. See, when people talk about "market rates" for mortgages, they telling you about the rates they see online from their lender, or from Mortgage News Daily, or some other source. Remember: those rates include 350 basis points of markup on average, based on self-reported data to the Mortgage Bankers Association. 350 basis points is not nothing. As a rough rule of thumb, every 100 basis points markup raises a consumer's mortgage rate by 0.25 percentage points. So, let's all acknowledge that "market rates" in mortgage reflect 350 basis points of markup, which raises a customer's mortgage rate by roughly 0.875. Opendoor changed that. Our mortgage rates are what happens when you take that markup out. It's like what E*TRADE did for stocks. In the 1980s, the market price of a stock was whatever its price was plus whatever your broker charged. It's why every broker had a different price. Today, the price of a stock is the same everywhere. So if Opendoor's mortgage rates look "below market" to you, they're actually not. This is just the first time you're seeing mortgage rates without a massive markup. More here: opendoor.com/articles/why-m…

@BayAreaREMatt @AdvisorJohn Rocket Wholesale is fantastic. Routinely close loans <2 weeks. I understand you may have meant call center.

@AdvisorJohn In our market some of the great local lenders can close in 14 days and that makes a huge difference in a competitive situation. Rocket et al could never

Many realtors do not like accepting contracts from big online lenders. Why? Because the success rate in closing in time, or at all, is much worse than when using someone local. I am starting to understand why. It's easy to blame big companies and online call centers. "They hire a bunch of idiots who don't know what they are doing? They are trained to convert leads and quote rates, they are not trained to understand underwriting nuances..." But I have a new perspective. My website is beginning to drive leads. Not a ton, but so far 39 conversations YTD. Here is what I've noticed as I navigate their approvals. Many of these people are serial shoppers. They call lots of people and ask lots of questions. When they are told "No" by someone and then learn why, a few keep pushing and try to hide the reason... bend the truth, avoid disclosing certain things, etc. I'm starting to realize that these online leads are inherently much more risky. The old "Trust but Verify" needs to be replaced with "Verify...then Trust." The more I deal in this arena, the more I realize how doomed this push to make everything fully digital can be. With tech approvals, it's garbage in, garbage out...and the trash is most always found...sadly, not always in the first few days. Just an observation...and a little bit of venting...

@BTCoptioneer @HermesLux They do?

@HermesLux $STRC-secured puts yield even more

As of today, selling 10 DTE cash secured puts on MSTR yields 5% ROI. 5% in 10 days for < 5 minutes of work.

@AImortgages OCR sniffs this stuff out. It's been around along time

I wonder how long until we move to verified connections only for income/assets in real estate underwriting. In today’s AI world people can provide fake bank statements super easily

@AImortgages Yes but it costs .375 and rate has to move down 25. Rocket will not allow float downs.

Fellow LOs - does your company offer float downs / rate renegotiations? Ie your borrower can lock a rate, and if rates move down enough (usually something substantial like 0.25%) you can pass on that better rate? I can, just have no idea how prevalent it is out there

@spencerinvestor @mortgagetruth You don't think they have OCR? WVOEs? The work #? 4506Cs?

@mortgagetruth omg this is great news for anyone who knows how to photoshop being able to qualify for a loan could get 100x easier if you know how to game the system and photoshop

Mortgage lender Better has teamed up with OpenAI to "fully underwrite a mortgage loan" in as little as 47 seconds. This sounds like great news for borrowers, especially if costs are cut and passed to consumers. It doesn't paint a bright future for underwriters and LOs though. Initially, LOs feed consumer application data and documents into the Tinman AI app. How long before consumers just do it all themselves?