Polly and Hedging, Database, Equity, CE, Fulfillment Tools; Prepayments; Dart Acquires ACT
· mortgagenewsdaily.com
As Robbie and I prepare to head to Chicago this weekend for the “MBA National,” yesterday I was speaking with someone at the bar at Legs Inn in Northern Michigan. (Yeah, it’s somethin’.) We shouldn’t be afraid to talk about the economy, or politics, and I told her that I’ve been in capital markets for over 40 years and there are plenty of clever sayings about economics. One of them is, “The stock market is not the economy.” How good is the U.S. economy? You wouldn’t know it by stocks. Elliot F. Eisenberg, Ph.D. writes, “U.S. equity market performance is increasingly being led by the Magnificent Seven including the ‘hyperscalers’ (Amazon, Alphabet, Meta, and Microsoft) plus Apple, Nvidia, and Tesla. They have a combined market cap of almost $25 trillion, 77 percent of U.S. GDP. Moreover, Y-o-Y 26Q3 tech EPS growth is expected to be 65 percent, double the overall S&P 500. The market may be a one-trick pony, but it’s staggeringly large and profitable.” (Today’s podcast can be found here. This week’s ‘casts are presented by Floify, the mortgage industry’s leading point-of-sale platform. Dynamic Apps, which can be seen at booth 600 during MBA Annual next week, lets lenders create fully customizable loan applications for any loan type, including HELOCs, construction, agricultural lending, non-QM and more, without custom development. Today’s has an interview with Floify’s Maggie Swanson on creating fully customizable loan applications for any loan type, including HELOCs, construction, agricultural lending, non-QM, and more, without custom development.)
Polly and Hedging, Database, Equity, CE, Fulfillment Tools; Prepayments; Dart Acquires ACT
As Robbie and I prepare to head to Chicago this weekend for the “M...