@ericmidwest @PineRestGR Wild. I saw someone write "Cyber cuck" on a Cyber Truck in Rochester Hills - they fit this profile 😂
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Brian
489 posts
My Tesla has been getting vandalized in Grandville Michigan over and over again.
Today I caught them. Truly possessed people. They work for @PineRestGR
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@growing_daniel Unacceptable - we don’t take criticism from adults with the palate of a 5 year old
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@AdvisorJohn Some of these places pay per application, whether the file actually closes or not. What could possibly go wrong?
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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...
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@HomeLoanBill Victimhood mentality - which is funny, considering the many of the personalities who beat the “you never own your home” drum
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Saying “you never own your home” due to property taxes is like saying you don’t own your car because you have to pay registration every year. It’s pure engagement bait at best and just plain ignorance at worst.
Lance Roberts@LanceRoberts
It's always interesting when I hear my kids discuss wanting to own a home. It's not the mortgage payment that is a problem. It's all the other shit. - HOA dues - Maintenance and Upkeep - Property Taxes (you never own your home) - Property Insurance - School Taxes - Etc.
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Just In: The US economy lost 92,000 jobs in February.
The unemployment rate rose to 4.4%.
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@SactoGeoff @HomeLoanBill @GMN_watch "I'm just here to explain it to you & help you understand your options. I didn't/don't do any of this <gestures broadly>"
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@HomeLoanBill @GMN_watch What's hilarious is how a loan officer is somehow being described as "THAT GUY!" when we have almost nothing to do with margins, securitization and servicing. We just help sell the damn thing.
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Hey @HomeLoanBill. The hardest thing in any industry is watching an “outsider” solve the problems insiders protected for years.
It happened to taxis.
It happened to hotels.
It happened to payments.
Now $OPEN is doing it for housing.
Home Loan Bill@HomeLoanBill
Has anyone else noticed that these accounts pumping Opendoor have *zero* mortgage knowledge?
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@HomeLoanBill @_FlipMan I tell people that there’s a point after which it’s just bragging rights.
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@_FlipMan There isn’t a functional difference between an 850 score and a 799 score.
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@DanielleKaatz The chicken dinner is terrible. You’d be better off at the Old Country Buffet.
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It’s funny I’ve lived about 45 mins from Frankenmuth almost my entire life and I’ve still never been to this restaurant. Or Bronners. Bronners is the one I feel like I really need to go to more than anything.
MythoAmerica 🌲@MythoAmerica
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So I’ve been hearing this woodpecker a lot lately. It looks like I found his tree…kind of crazy to see what it did.
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@HomeLoanBill When folks ask about business right now, I explain that we’re “unseasonably busy right now.”
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Central Illinois real estate transaction coordinator just posted this. She managed 600 transactions last year. She’s projecting 1,000 this year.
Small sample size…I get it…but still exciting for us in Central Illinois that housing is moving early!
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@HomeLoanBill @investandcreate @MatthewCarrell I have been thinking to create a Mortgage Coach-alternative, but have put zero actual effort into it.
Maybe this is what finally pushes me!
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@investandcreate @MatthewCarrell Claude is incredible. The plug-in for Excel is amazing. If you can think it, Claude can build it.
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Monthly payment savings is only $48, but the amortization savings adds another $386/month. $25k in savings after only five years (on a loan balance of less than $250k). This might be the best one I’ve done.
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@HomeLoanBill @jonbrooks I’d have preferred a 👏 between words but this is still effective (hopefully but maybe not).
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@jonbrooks THERE. IS. A. HOUSING. SHORTAGE. IN. MOST. MARKETS. IN. THE. US. NOT. EVERY. MARKET. IS. FLORIDA. OR. TEXAS. 🙃
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"NAR warns tight supply could soon push prices up again, stressing the need for more home construction."
There. Is. NO. Housing. Shortage.
Just a shortage of affordable homes.
Prices will come down.
*Walter Bloomberg@DeItaone
U.S. PENDING HOME SALES DROP AS BUYERS HOLD BACK Pending home sales in the U.S. fell 0.8% in January, extending December’s 7.4% decline, defying economists’ forecasts of a 2% rise, according to the National Association of Realtors. Despite lower mortgage rates and slower price growth, buyers remain cautious. Sales fell most in the South and Northeast, while rising slightly in the Midwest and West. NAR warns tight supply could soon push prices up again, stressing the need for more home construction.
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How does a person this ignorant get 470K
followers? No need to answer. We know how.
Three Year Letterman@3YearLetterman
I completely OPPOSE acquiring Greenland 🇮🇸, and here’s why: 1. Not interested in acquiring a giant block of ice floating near Antarctica 2. They don’t speak any English. America is the birthplace of the English language, so at a minimum any territory we acquire to share our language 3. How many Olympic metals do they have? Zero. How many SEC championships do the have? Zero. How many times did they single handedly win a world war? Zero 4. Not interested in the Green Movement, let alone a country named after it 5. They are not churchgoing Christians but are nonbelieving Europoors. Jesus was a great American who literally wrote the Bible, so at a minimum they need to share our religion
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@mortgagetruth @texasrunnerDFW The proposal is a solution in search of a problem.
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@texasrunnerDFW I keep going back to "they already bought the homes." That's the problem, assuming it was a problem to begin with.
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I shared my initial reaction to Trump’s Institutional Housing Ban proposal on Fox News yesterday, but wanted to write some further thoughts here too:
1. The first huge housing policy win for this administration. Regardless of market impact, the messaging is people over profit, and Main Street over Wall Street. More importantly, an American President is finally signaling to young people that he is willing to place boundaries on private equity to preserve the “American Dream”
2. Impact may be muted on a national level, but notable on a regional one. Large investors (depending on how it’s codified) own less than 3% of the total supply of single family homes. Their ownership is concentrated in certain regions though
3. Trump only suggested a ban on further purchases which means, as stated, no one will be forced to divest of current assets. So likely not much immediate supply impact. Whether they later choose to sell if they don’t see a future in it is another story
4. For centuries, the American Dream was protected and the housing market functional WITHOUT large institutions owning single family homes. They pillaged the market in the wake of the GFC and never belonged there. There are plenty of other high yield assets and real estate for private equity to invest in that will not negatively impact home ownership dreams for young American families
5. Finally, the cynic in me can’t help but wonder if the timing of this isn’t perfect for all involved, as institutional buyers stepped back in recent years anyway, and future demographics do not look promising. This might be the clearest signal of all that the ZIRP era is over and, going forward, single family housing isn’t going to be the robust yield-generator of yesteryear
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@DallasAptGP I can't stand the digital business card. Great, now you're in my phone with thousands of other names.
The physical business card in my pocket at the end of the day reminds me that we in fact met.
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What do you do when someone hands you a business card these days?
Does card stock matter or do you throw it away so fast it doesn’t matter?
Shouldn’t they just have a QR code so the info just gets straight into an iPhone?
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@Marques_J_Smith You said “start to finish” yet the start seemed pretty non-dominant to me. Curious
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People are gonna crucify me for saying this but I think without that fumble/injury play this is an incredibly close game.
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@PopTartsBowl @GeorgiaTechFB @BYUfootball Lmfao are they really rocking sprinkles for the game? There's no way lol. Imagine ND putting sprinkles on those beautiful, iconic 24k gold helmets. I'm happier they opted out with every post from this account
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Congratulations to Fernando Mendoza.
24th in passing yards IN THE COUNTRY.
ONE game with over 300 yards passing.
COMEBACK VICTORY over 3-6 Penn State.
Truly REDEFINED what it means to win the Heisman Trophy!
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