Phil Grossfield's Blog

So Grateful!  Wow, we must be doing something right, because Friday and yesterday were MONSTER lock/submission days and I’ve already seen a bunch come in this morning.  What’s awesome about this is the repeat business.  Yes, our pricing is ridiculously strong, but our improved service levels and speed are bringing you back.  Thank goodness we beefed up our operation staff to handle the influx.

 

Not only did I take a ton of locks and submissions personally but the rest of our AEs each took a ton as well.  I haven’t had lock/submission days like this in a long time!  Ethos is on fire…  So grateful! 

MY MARKET UPDATE:  The Fannie Mae 30-year bond is +38bps since yesterday’s close. Generally a lender’s rates/pricing improves when the bond is being bought.  Pricing improved by 40-50bps on Friday and today we’re up another 30-40 bps!  Bonds are reacting to the stock market which is not doing so great.  Today it’s oil prices driving traders to dump stocks and invest in safer bonds instead.

Check it out:  U.S. Stocks Sink With Markets Around the World

Price, Technology and Unique Products

Why I Chose Ethos Lending

Special Moments.  Weeks ago I went to Minneapolis for my brother’s wedding. The night before the wedding my brother had out-of-town guests to his new home and it turned out to be over 100 people. Therefore, getting any quality time with my brother was understandably dismissed.  But as my daughter recently reminded me, there was enough time for one special moment in the evening that defined the entire weekend of events for me and my daughter.

To set it up, my brother built a sound proof smoking room within his master bedroom where he keeps his guitars and media system.  Besides having a special sound system and air-suction units that pull any cigar smoke or other odors out of the room, this little space is entirely insulated…you can’t hear anything outside the room and nobody can hear you.

Since my daughter is learning to play the guitar, my brother sneaked away from the chaos of the party and pulled us into the room for about 7-minutes. We went into the room, locked the door, closed the shades, and my brother sang a song while playing his guitar for my daughter.  I wish I could’ve captured the look in her eyes…memorized by the moment and dreaming of her own talent some day.  There were many wonderful moments that weekend, but that one…………

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Price, Technology and Unique Products

Why I Chose Ethos Lending

Netflix Secret Codes.  Just like In-n-Out Burger’s secret menu, Netflix also has a secret search index.  If you know the secret code, you can search for many more movies than Netflix initially let’s you see.  Netflix only show you movies it thinks you want to see based on previous searches and selections.  But if you use this list, you can find so much more.  Check it out…go to the Secret Netflix Code page and click any search code.

Price, Technology and Unique Products

Why I Chose Ethos Lending

Ground Control To Major Tom – – – – – – Commencing Countdown Engines On……  Some of you are too young to really know David Bowie but I’ve been around a while.  He was an awesome artist and brave as hell.  Did you know Bowie was the first recording artist to go to Wall Street to tap the future earnings of his music?  He ended up selling $55 million of bonds in 1997 that were tied to future royalties from hits including “Ziggy Stardust,” “Space Oddity” and “Changes.”

I’ve been listening to his songs again yesterday and this morning.  Back in November, 2013 I posted Canadian astronaut Chris Hadfield’s version of Space Oddity. The video has been viewed nearly 30,000,000 times.  Check it out…click the graphic above.  RIP Ziggy Stardust.

Price, Technology and Unique Products

Why I Chose Ethos Lending

Price, Technology and Unique Products

Why I Chose Ethos Lending