Glad I don’t do that any more.
If you think of the country as a sports team, you would obviously conclude that we need new players and a new manager, and probably a total overhaul of the organization. You would also likely conclude that the farm system or colleges we’re drafting from just aren’t providing quality players.
Time to change how we structure and choose our team.
If Obama was a republican this would be front page news.
These numbers couldn’t really be any worse, could they?
This makes sense and really isn’t that bad. This was a refinance boom, which is done to replace an old mortgage with a newer, lower interest rate mortgage. Now that rates are starting to go up, it makes no sense to refinance, so that part of the mortgage business dissappears overnight. From now on, in a rising environment, the number of mortgages will equal the number of houses bought, so the number will never get back up until rates start dropping again.
Obama has DESTROYED the American economic engine of success. He must have some Zimbabwe in him!
Mortgage Originations Are Down by 60-70% Year-Over-Year… But Everything’s Okay
Recovery Summer I tell ya.
Obama’s at a fundraiser tonight.