Podcast appearances and mentions of Freddie Mac

P.M. Edition for Oct. 1. The Justice Department is reviewing whether prosecutors mishandled the Watergate case, decades after the scandal led to Richard Nixon's resignation. WSJ White House reporter Philip Wegmann explains that the review comes as more conservatives, including President Trump, show renewed interest in Nixon's legacy. Plus, mortgage rates had their biggest weekly increase in four years, tracking the sharp recent rise in U.S. bond yields. Markets reporter David Uberti discusses why more ships moving through the Strait of Hormuz haven't done more to send gas prices and bond yields lower. And that global bound rout got messier today, as investors started picking winners and losers in different countries. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

—  ¿Qué esconden? Josué Colón, APP+p Ni JGo renuncian al privilegio abogado cliente en caso de Power Expectations - WUNOChina anuncia prohibición de exportar combustibles, aumenta todavía más precios, USA presiona a Europa para que suelte almacenes - Reuters Mujer sobrevive doble inyección letal en Tennessee en segundo caso de sentencia de pena de muerte que sobrevive - Reuters Camioneros al Capitolio porque el diésel ronda $1.40–$1.45 el litro, en USA hay manifestaciones - Reuters En la temporada de huracanes es vital tomar medidas para asegurar nuestra tranquilidad.Si tienes dudas, llama al 787-641-7171 Todos tienen una manera diferente de prepararse para un huracán.Lo importante es que lo hagan.Auspiciado por Universal, en nuestro servicio está la diferencia.#universial#incluyeauspicio El kilovatio-hora sube 18.5% desde hoy: $42.27 más al mes para la casa promedio END 6 EV Roig reconoce que pidió la propuesta de $300,000 a su propio asesor; Medina dice que la hostigaba para firmarla END 8 EV 4Terremoto en los bonos: el bono del Tesoro a 10 años llegó a 5.30%, el más alto desde 2002New Fortress y los prácticos pactan de palabra: el Amur River podría descargar hoy o mañana END 6 EV 4La Junta encuentra un déficit en el transporte escolar y nadie dice de cuánto EV 8Las multas de AutoExpreso vuelven el 19 de octubre tras más de $50 millones en el sistema EV 6Un año y cuatro fallos después, el DTOP sigue sin mostrar el subpoena de ICE END SolX deja a 200 empleados sin fecha de regreso y sin plan médico; el DDEC dice que ya los llaman END 1WIPR admite pagos atrasados a sus contratistas por falta de flujo de efectivo EV 25Naranjito busca fondos federales para el coliseo inconcluso desde 2002: terminarlo cuesta $23 millones EV 13128 feminicidios desde 2021 y 93% a manos de pareja o familiar END 8Muere Ramón Luis Rivera padre a los 97 años; tres días de duelo END 4 END 5Doce cargos contra siete adultos por maltrato a un niño de 5 años EV 14Farmacias Caridad llega a 50 tiendas y pondrá mattresses en sus farmacias EV 22Boxeadora Heather Hardy demanda por $10 millones a Jake Paul, beneficiario de la Ley 60 en Dorado EV 3Lindor podría jugar en PR si se trancan negociaciones de MLB EV 38Hegseth recorta 20% de los generales, Lajos Szaszdi hace capítulo sobre el tema Vuelo Dubái–Tel Aviv casi termina en catástrofe, no se sabe todavía por qué hizo el aparente atentado terrorista - Bloomberg LOS DATOS DEL DÍACierre del miércoles 30 de septiembre: Brent$103.53/barril (+$0.94) WTI$90.42/barril (+$1.04) Diésel EEUU (retail)récord histórico, sobre $6.50/galón S&P 5007,652 (−0.25%) · mes −0.4% Dow Jones50,908 (−0.86%) · mes −4.3% Nasdaq26,861 (+0.24%) · mes +1.9% Bono 10 años5.30% (+0.04) — máximo desde 2002 Euro/USD1.1325 Gas natural~$3.03/MMBtu Hipoteca 30 años~7.0% (Freddie Mac)

Plus: Hoping to calm investors, France outlines tens of billions of euros in spending cuts. And Accenture shares jumped around 20% after the consulting company said AI was driving client spending. Alex Ossola hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

I just got back from emceeing Rock the Locks over the weekend — honestly a total rocket ship (and yes, I proposed to Alisa backstage and she said yes) — and we kick this midweek Punch List off with that high-energy recap before diving into the real stuff. We dig into fresh housing data: mortgage rates have crept back above 7% (Freddie Mac ~7.03%, Bankrate ~7.33%), existing-home sales hit a 2026 low, and Redfin says there were about 57.9% more sellers than buyers in August — the most lopsided market on record. That imbalance means tons of price cuts (Denver hit 31.4% of listings with cuts; Portland about 30.5%), builders are even buying down interest rates by a couple points in some markets to compete, and remodeling activity is stalling as homeowners hold off on big projects. We also run a hard-hitting recalls roundup — from online mattresses failing flammability rules to smart glasses that can overheat, reclining-chair battery packs sold on Amazon, heated blankets, infrared saunas that can short and overheat, pool heaters risking carbon monoxide, and more — so if you've got any of that gear, please go check it. Bottom line: great music and good vibes at the festival, but the housing market's getting messy and your stuff might be a recall away from drama — we walk you through what to watch and what to do next, plus I sneak in a teaser for our weekend show and the new YouTube reviews (generator and one-person grill tested at the fest).Takeaways:I emceed Rock the Locks last weekend, proposed to Alisa backstage, and honestly couldn't stop smiling — it was an epic, music-fueled highlight that reminded me why live events matter.We're seeing mortgage rates around seven percent (and sometimes higher), which is squeezing buyers, cooling sales, and making now a real window for renters with savings to pounce.I dug into Redfin's August data — about 57.9% more sellers than buyers nationally — and that lopsided inventory gives buyers real leverage in many markets.We're watching builders buy down interest by as much as two points, so new construction with lower rates and big warranties is outcompeting comparable existing homes right now.We ran the recall scoreboard on the show — everything from tens of thousands of flammable online mattresses to overheating smart glasses and saunas — so please check cpsc.gov and double-check what you bought.I'm seeing remodeling stall and contractors reporting record cancellations, meaning homeowners are favoring repairs over big projects and planning more cautiously this cycle.Links referenced in this episode:cpsc.govThanks for listening to Around the house if you want to hear more please subscribe so you get notified of the latest episode as it posts at https://around-the-house-with-e.captivate.fm/listenIf you want to join the Around the House Insider for access to the back catalog, Exclusive Content and a direct email to Eric G and access to the show early https://around-the-house-with-e.captivate.fm/support We love comments and we would love reviews on how this information has helped you on your house! Thanks for listening! For more information about the show head to https://aroundthehouseonline.com/Information given on the Around the House Show should not be considered construction or design advice for your specific project, nor is it intended to replace consulting at your home or jobsite by a building professional. The views and opinions expressed by those interviewed on the podcast are those of the guests and do not necessarily reflect the views and opinions of the Around the House Show.

PODCAST LAS NOTICIAS CON CALLE 29 DE SEPTIEMBRE — NFE se niega a aceptar combustible de otra empresa en lo que resuelve su problema de embarcación, gobierno los demanda pa obligarlos (END, 29 sep (ePaper), p. 5)New Fortress contesta que “son faltan pasos contractuales" (END, 29 sep (ePaper), p. 5; END en línea, 29 sep)Un suplidor alterno le dijo a la 3PPO que puede traer gas por camiones; nadie dice quién es (END, 29 sep (ePaper), p. 5)Día 13 sin gas: el barco vuelve y los prácticos dicen que el papel de la Guardia Costera habla del barco, no del muelle (El Vocero, 29 sep, p. 5)Buscan que FEMA le devuelva los 157 millones aprobados al hospital El Maestro, pero FEMA no se come esa versión del cuento - El Vocero 3.3 centavos kilovatio hora viene por fondos gastados en el pasado mes en combustible, 32Kv/h el total - NEPR Los prácticos piden que New Fortress entregue todo "al mediodía de hoy, martes" (El Vocero, 29 sep, p. 5)Le creemos por fe a Genera y el combustible que nos venden (El Vocero, 29 sep, p. 5)"$48 al mes": Avilés pone el número del alza para un hogar de 800 kWh y pregunta "¿a quién le estamos descontando ese dinero?" (El Vocero, 29 sep, p. 5)Genera culpa a Ormuz por el alza pedida de la luz, el diésel subió 76% (END, 29 sep (ePaper), p. 4)La Junta suelta $2.4 millones de los $9.7 pedidos para los pozos y condiciona el resto a un estudio de costo-beneficio (El Vocero, 29 sep, p. 6)#lilly#incluyeauspicio- $400,000 en sembrar nubes se sigue gastando y admiten que no pueden saber si funciona o no (El Vocero, 29 sep, p. 6)El BDE vendió $384 millones en préstamos por $41.5 millones , vuelve la controversia de la venta de cartera corrupta (END, 29 sep (ePaper), p. 14)Solo dos empresas quieren venderle máquinas a la CEE: Dominion con otro nombre y ES&S (END, 29 sep (ePaper), p. 7)Eagle Industries cierra en Lares: más de 300 empleos (END, 29 sep (ePaper), p. 15)Líderes de Comunidades Especiales dicen que la Odsec "no ha hecho nada"; la Odsec responde con 143 referidos (END, 29 sep (ePaper), p. 6)- Fannie Mae y Freddie Mac exigirán 15% de reserva a los condominios desde el 4 de enero; la ley local pide 5% (El Vocero, 29 sep, p. 14)El Burro se declara culpable: 30 a 32 años por conspirar y por asesinato(El Vocero, 29 sep, p. 10)Un muerto y 20 rescatados en Mona; una sobreviviente dice que iban 50 (El Vocero, 29 sep, p. 11)Familia suspende licencias del cuido de Bayamón donde murió una bebé de cuatro meses; el centro demanda (El Vocero, 29 sep, p. 11)Ventas al detal de $52,200 millones, +1.2%: es inflación, no consumo (END, 29 sep (ePaper), p. 15)Cesárea de emergencia en Manatí: el conductor se negó a la prueba de aliento (END, 29 sep (ePaper), p. 8Hoy a las AM se decide el futuro de Lindsay Clancy OpenAi aguanta modelos nuevos por faltas de seguridad - CNNUSA sale de sus últimas bases en Irak tras dos décadasBrent sobre $104-107 y el bono de EEUU a 10 años en 5.25%, máximo en 19 años37,000 abonados de la AAA recibirán crédito de 50% por falta de servicio.Trump almuerza hoy con los jefes de Nvidia (Jensen Huang), Meta (Zuckerberg), Google (Pichai), OpenAI (Brockman) y Anthropic (Dario Amodei) - Reuters Alega Héctor Ferrer botaron a la jefa de ADSEF, pero no lo confirman - El Nuevo Día LOS DATOS DEL DÍA Brent$104.46 (+1.66%) · rozó $107 el martes Diésel EEUUcerca de récord, ~$6.50/galón Gasolina EEUU (AAA)$4.46/galón (~$1.30 más que hace un año) S&P 500-0.8% Dow Jones-0.7% (Nasdaq -0.9%) Bono 10 años5.25% (máximo desde 2007) · 30 años 5.57% Euro/USD1.1361 (-0.08%) Gas natural (Henry Hub)~$3.08/MMBtu (-0.9%) Hipoteca 30 años7.28% (+0.13)

What does the future of appraising look like—and who will lead it? In this episode, Bryan Reynolds sits down with Lauren Butler of RTCO Appraisals, someone fresh into the industry, to talk about the process of bringing the next generation into the profession.From changing the way we talk about appraisal to embracing technology, AI, and UAD 3.6, Lauren shares why there's plenty of reason for aspiring appraisers to be excited about the road ahead. It's an honest, encouraging conversation about the challenges, opportunities, and possibilities waiting for the next generation of valuation professionals. (TLDR: It's not all doom-and-gloom.)

Condo financing is changing, and if you own a condo, are thinking about buying one, or plan to sell in the next few years, these changes could matter more than you think.In this episode of the Full Circle Podcast, REALTOR® Dylan Warner with The Christi Reece Group sits down with local lender Rick Reynolds of Fairway Mortgage to break down the latest changes from Fannie Mae and Freddie Mac and what they could mean for condo buyers, sellers, and HOAs.From full project reviews and HOA reserves to deferred maintenance, insurance, investor concentration, and upcoming reserve requirements, Dylan and Rick explain what's changing—and what condo owners should be paying attention to now.They also discuss why some of these changes could create new opportunities for buyers, why HOA involvement is becoming increasingly important, and what sellers can do today to prepare for a future sale.If you own a condo or are considering buying one, this is a conversation worth hearing before you make your next move.

The Federal Reserve raised rates on September 16, 2026, for the first time since 2023, and mortgage rates are now near 7 percent. On this episode of Selling Sacramento, we talk through what that means for you, what California Proposition 37 on the November 3 ballot would actually do, and where the Sacramento housing market stands right now.In this episode:Does a Fed rate hike raise mortgage rates? Why mortgage rates follow the bond market, and what the Fed does affect directly, including credit cards and home equity lines of credit.How much a higher rate adds to a monthly payment on a Sacramento County median-priced home.What you control when rates rise: your credit, your debt, your loan type, how you compare lenders, and what you negotiate.What is California Proposition 37? How the proposed $25 billion CalHFA homebuyer loan program would work, who qualifies, and which homes are eligible.Why Proposition 37 is a loan, not a grant, and why it does not apply to existing homes.Down payment affordability and monthly payment affordability are two different problems. Which one Proposition 37 addresses.Sacramento County's August 2026 numbers: a $549,000 median price, flat from a year ago, with homes selling in a median of 25 days. Plus Placer and El Dorado counties.What sellers should do this fall, including how a rate buydown credit compares with a price reduction.Where buyers have room to negotiate.A note on timing: This episode aired live on September 23, 2026, when the Freddie Mac 30-year average was 6.95 percent. On September 24, it rose to 7.03 percent.Read the full written breakdown:https://agentkee.com/blog/california-proposition-37-fed-rate-hike-sacramento-housing-august-2026Talk through your own numbers: Chat with KeeListen live every Wednesday, 1 to 2 PM: 97.5 FM KDEE, the Soul of Sacramento | www.kdeefm.org/listen-liveSources: Federal Reserve; Freddie Mac Primary Mortgage Market Survey; California Association of REALTORS® August 2026 Home Sales and Price Report; California Secretary of State Official Voter Information Guide; Legislative Analyst's Office.Selling Sacramento: Market Clarity with Agent Kee is a weekly real estate radio show hosted by Keisha "Agent Kee" Mathews, broker and owner of Mathews & Co. Realty Group, airing live Wednesdays from 1 to 2 PM on 97.5 FM KDEE in Sacramento.Keisha "Agent Kee" MathewsBroker | Real Estate Economist | Strategic AdvisorMathews & Co. Realty Group | CA DRE #01439130 | #02015028

PODCAST LAS NOTICIAS CON CALLE 23 DE SEPTIEMBRE - (Día del Grito de Lares) - Una semana sin gas, otra empresa de dueño de Genera en serios problemas económicos - Bloomberg Paralizan los cupones para pedir Delivery - Primera HoraActivan mecanismo de emergencia para llevar gas a Central San Juan por camiones - El Nuevo DíaJGo empieza a darle espalda a Zar de Energía - El Nuevo Día Acuerdo con Groenlandia es una ilusión de soberanía en la práctica - WSJTurismo evalúa demandar a Nawat; el Senado le dio hasta hoy al mediodía para entregar los papeles del Miss Universe (El Vocero, p. 10)Llega presidente de China a Estados Unidos durante el día de hoy - WSJDelegación de Irán se reúne con negociados de Trump y Delcy Rodz se reúne con Trump - BloombergCMS propuso recortar hasta 1.68% el pago a médicos en 2027, pero en PR estamos pidiendo más dinero para Medicaid - Axios  Tú sabes que cuando llega el nuevo iPhone empieza el corre y corre. Que si “¿dónde lo tienen?”, que si “avísame si aparece”. Pues evítate el papelón porque el nuevo iPhone 18 Pro ya llegó a T-Mobile.Con trade-in de un teléfono elegible en cualquier condición, aunque esté roto, te lo puedes llevar POR LA CASA con créditos mensuales a la factura.Entra a T-Life, elige pick-up, DoorDash o envío a tu hogar por correo, y llévate el iPhone más increíble hasta ahora en La Mejor Red Móvil de Puerto Rico, T-Mobile según Ookla.#TMobile#Incluyeauspicio Salud sigue empujando a XUVO como si fuera emergencia cuando contrato es hasta el 2030 (END, p. 10)OEG investiga a Jessika Padilla por $117,586 en bonos, $9,304 para ella misma (END, p. 12Un pozo descartado, piden 9 millones para otros 4 pozos de agua en la zona norte (El Vocero, p. 5) Ombudsman atiende 40,000 quejas con 15 investigadores; no hace elecciones para junta de AAA ni AEE (El Vocero, p. 7)No sirve sistema nuevo de desempleo, todavía… plataforma de desempleo de $21.9 millones, firmada en 2022, mandó a 1,500 personas a hacer fila (END, p. 22)Esencia: el crédito contributivo pasó de $194 a $498 millones antes de la evaluación ambiental, o sea, casi un millón por habitación $957,692 por habitación (END, p. 23)Nueve años de cárcel al banquero de Nodus por $24.9 millones, siguen esperando liquidación los depositantes (END, p. 24)Diésel en récord y Trump coquetea con prohibir su exportación - Axios Prepárate si vives en condominio, desde el 29 de octubre las peleas de condominio van al tribunal (END, p. 24Los elevados de la PR-3 en Río Grande, anunciados en 2024, no empiezan hasta 2028 (END, p. 12)Seis de los ocho patólogos forenses de Ciencias Forenses pronto pal retiro (El Vocero, p. 5)80 cargos contra los administradores de un hogar de ancianos en Cidra por maltrato y homicidio negligente (END, p. 14)Otro banco internacional a liquidación, Banex International y 24 millones desaparecidos y lavado de dinero - El Nuevo Día Congreso de EEUU investiga el lío de Power Expectations, presidente de la Junta de la AEE admite que se enteró por Jay Fonseca PR de todo el lío LOS DATOS DEL DÍABrent~$98/barril (≈ −1%, 5ta sesión a la baja)Diésel EEUU (detal)récord ~$6.53/galón · PR al detal ~$1.49–$1.57/litroS&P 5007,764.64 (≈ 0.0%)Dow Jones51,863.69 (−0.36%, −185 pts)Nasdaq Compuesto27,244.28 (+0.45%, récord)Bono 10 años~4.96% (cerca de 5%, máximo desde 2023)Euro / USD~1.14 (dólar en máximo de 2 meses)Gas natural~$3.02/MMBtuHipoteca 30 años6.76% (Freddie Mac, 3er alza seguida)

Fobby and Justin open with Labor Day mortgage-market news — rates at a 12-13 month high, a surprising bump in purchase applications, UWM's FHA/VA share gain, Rocket's broker-poaching offer, and reactions to NEXA's new "NEXA Unlimited" 100%-revenue model — then spend the back half of the show counting down a top-10 mortgage fraud red-flags list from compliance firm Captify, trading war stories from their underwriting and originating days (a bankruptcy that blew up a refinance, a $32-33M "Robin Hood of mortgage fraud" case, fake-landlord rental scams, and a power-of-attorney bank account standoff) along the way.Market news recapMortgage rates: Freddie Mac's 30-year average hit 6.71% (week of Sept 3, 2026) — Fobby called it a 12-month high; Freddie Mac / AP actually reported it as a 13-month high. Minor correction if precision matters.Year-over-year: Fobby's "6.50% a year ago, up 21 bps" is accurate — Freddie Mac's own release confirms the year-ago (Sept 2025) average was 6.50%.Purchase applications: Fobby cited "purchase applications rose 0.8% for the week ending August 28." That 0.8% figure is actually the MBA's total Market Composite Index (purchase + refi combined). The seasonally-adjusted Purchase Index specifically rose 2% that week per MBA's release — an even better number than what aired. Worth a correction or a "we undersold it" follow-up post.FHA/VA share gain: directionally consistent with the tighter-DTI, higher-rate environment discussed; not independently verified against a specific data source in this pass.UWM FHA/VA volume, Rocket's $10K broker referral offer: anecdotal on the show; not independently verified — good candidates to source/cite if reused in written content.NEXA Unlimited: confirmed accurate. NEXA Lending launched "NEXA Unlimited" on Sept 1, 2026, giving loan officers access to 100% of revenue on qualifying loans from their first closing, with no flat fee, per-file fee, correspondent funding fee, margin, or closing fee, and no production/recruiting minimum (that requirement remains on the older NEXA100 program). CEO Mike Kortas's quotes on the show track the actual press release language closely.Quotable moments"The silver lining is that if you're still a loan officer in September, you've made it." — Fobby"If you tilt your head to see the other guy, you lose a second and he gains it on you." — Fobby, on staying in your lane (with the Michael Phelps analogy)"These are the scum of the earth." — Justin, on unlicensed mortgage-relief firms preying on distressed homeowners"He's a super nice guy — that's the red flag." — on an LO offering a kickback for a rate discount"Fraudsters love payment methods that are fast, final, and hard to reverse." — Fobby

My hometown of San Francisco has the unholy problem of a mansion shortage and mass homelessness. AI money is driving house prices to record highs, our mayor has declared a rent emergency, while in New York City housing affordability has become so acute as to become a rare bipartisan concern. This unreality of the real-estate market has heated up both local and national politics. But as Joshua Specht argues in his new book, Property Values, a history that runs from the rent wars of the 1840s to the crash of 2008, the rise (and fall) of the American homeowner has always been the hottest of political potatoes. The American ideal of land ownership originated in John Locke's promise of individual self-realization through hard work. Hence the Homestead Act of 1862 and its 160 acres as both the carrot and stick of American citizenship. But as with most things Lockean, it was better in theory than in practice. The ups and particularly the downs of American history are, indeed, entangled with the crises in real-estate — from the collapse of the small farmer in the 1890s to the subprime 2008 crash. Today, that crisis can be seen on the streets of San Francisco and New York City. And for all the supposed abundant intelligence of AI, even Silicon Valley doesn't have the magical tech to fix either my hometown problem of mansion shortages or mass homelessness. Five Takeaways •       The Lockean Laboratory. The theory that widespread land ownership is the precondition for a functioning democracy is not American in origin — it runs back through Locke to a Europe where it could never be tested, because there was no land to go round unless you were already an aristocrat. America was where the experiment could actually be run — though, as Andrew notes, like most things Lockean it sounded better in theory than in practice — and the Homestead Act of 1862 was its boldest instrument: 160 acres, for little more than a title fee, against rival visions of what the country might be — the southern plantation, and a northern model of vast estates with quasi-feudal tenants. Specht sides with the historians who have lately rehabilitated the Act: yes, there was fraud, but people cheated to hold on to farms; yes, many went bankrupt, but often decades later. What it locked in was a language of ownership that has shaped American politics ever since. The beneficiaries were largely German and Scandinavian immigrants settling the Northern Plains; for native peoples it was, in his word, apocalyptic — and reservations were later broken up under the same logic, that 160 acres would make their occupants “like Americans.” Black homesteaders existed, including the town of Nicodemus in northwestern Kansas, but the land was only nominally free: you had to pay to get there and survive a year before your first crop.•       Awake! Arouse! The book's opening story, and the one Andrew hadn't heard of. Between 1839 and 1845, the tenants of the great Hudson Valley estates — the Van Rensselaers, the Livingstons, holdings with thousands of tenant families — rose against a landlord class whose vision was frankly aristocratic: gentlemen farmers introducing scientific agriculture to quasi-feudal renters, iterated across the continent. The tenants issued their own declaration of independence on July 4, 1839, under handbills reading “Attention, anti-renters! Awake! Arouse!” They stopped paying, resisted the sheriffs, assembled mobs, tarred and feathered rent collectors; a man was killed. And they won — not in court but in politics, once New York's office-seekers worked out there were votes in it, after which the manors simply stopped being a viable model. Is this Jacksonian populism or the Mamdani kind? Specht's answer: Jacksonian, and specifically producerist — claims belong to those who work and make. Today's left populism is about interdependence and obligation; these men wanted, above all, to be left alone.•       From Land to Lawn. How the promise migrated. By the 1890s the United States was becoming an industrial power while the model everything rested on was falling apart: long-term crop deflation, bigger farms, more machinery, and the discovery that the independent farmer was not independent at all — the market told him how to live. It limped on until the Depression finished it: Grapes of Wrath in the countryside, mortgage defaults in the cities, families gathering in Queens churches to pray against foreclosure. Specht's observation about crises generally, and useful today: the number actually foreclosed can be small, but the far larger number barely scraping by is what drags everything down. The New Deal's answer was the government-backstopped mortgage market and what became the thirty-year fixed-rate loan — and FDR's method, Specht argues, was to experiment wildly, keep what worked, and then tie it to a story about what it means to be an American. Homeownership is the best example. After the war it became the tangible proof of prosperity: out of the multigenerational ethnic apartment, into a house of your own, making jellos for the neighborhood social.•       Levittown and the Mob. Levitt and Sons turned housebuilding into an assembly line — with the neat inversion that the workers moved down the line of foundations rather than the product moving past them — and the government, needing to house veterans, backed the market that bought the results. Then the machinery of exclusion engaged. Lenders decided, on abstract measures of repayment risk, that racially homogeneous white neighborhoods were the sound investments; older mixed neighborhoods lost access to capital and began to decay. But since anyone could in principle buy into a new suburb, homeowners built their own defences: first racially restrictive covenants, and when those lost legal force, the violence of the mob — Specht tells the story of the crowd that assembled outside the first Black family's home in Levittown, Pennsylvania. The two mechanisms, the formal and the violent, fed each other. The downstream effect is the one that still shapes American wealth: locked out of the suburbs at the moment they were made, Black Americans missed the accumulation, and were left in urban neighborhoods starved of capital — the beginning of what historians call the urban crisis.•       Limping Along. On 2008, Specht is more interested in the aftermath than the cause. The cause is familiar: an assumption that liquidity was always good, from Fannie Mae and Freddie Mac through securitization and tranching, until the people putting up the money and the people judging the loans were so far apart that standards collapsed. He resists the story that lending to minority buyers caused it — the fraud, and the lack of consequence for it, did. The deeper point is about what everyone was forced into: if you had to move, you had to buy, at whatever the market said. “You kind of had to participate in the madness.” And the response — banks bailed out, no prosecutions, nothing for homeowners — is what radicalized both the Tea Party and Occupy, and broke faith in politics itself. Fifteen years on: not a rise and fall but “the rise and fall and limping along of the wounded American homeownership model,” with a generational divide he expects to harden into a class divide within thirty years. On the abundance agenda — Klein and Thompson, Dunkelman — he is sympathetic but unconvinced it is sufficient: “a policy is not a politics.” His own prescription is decentralization: stop treating S...

How can you be still licensed, but effectively not licensed? What is the Freddie Mac Exclusionary List (or EList)? If you're on the EList, can you work around it? How do you come off the EList? On this week's episode of the Crushing Debt Podcast, Shawn & George talk about the Freddie Mac Exclusionary List.  Shawn has multiple other podcast episodes and YouTube videos on the topic if you want to learn more, if you are on the EList, or if you know someone on the EList. Spoiler - it IS possible to come off the EList. Let us know if you enjoy this episode and, if so, please share it with your friends! Or, you can support the show by visiting our Patreon page: https://www.patreon.com/crushingDebt   To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach   To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com. 

PODCAST LAS NOTICIAS CON CALLE 16 DE SEPTIEMBRE - Cuatro días de apagones Aguirre 1 y 2 rota, AES coja desde el sábado y 7 de las 14 unidades dañadas, pero el zar pendiente a un contrato fatulo - Jay Fonseca PR Crudita: nadie quiere soltar un impuesto “temporal” de 1987, costaría 550 millones cortarlo - El Nuevo Día  Josué Colón u Osvaldo Carlo mienten, pero textos desmienten lo que dijo el zar de la energía - El Nuevo Día JGo sale para Washington para cabildear por fondos medicad - El Nuevo Día Jefe de AAA no informó a la Junta AAA de sembrar nubes porque estaba por debajo de un millón el gasto - Jay Fonseca PR Se espera que hoy suba la tasa de interés, Trump lo lucha a matar - Bloomberg Hipotecas en precios más altos desde 2007 tras bono del tesoro llegar a 5.04% Pensión de $1,000: “hasta las últimas” sin decir con qué dinero - ENDAnthonieska Avilés: 38 años y un día por acuerdo¿Viste el anuncio del nuevo iPhone 18 Pro? Con los upgrades en la cámara y en la duración de la batería este es el lanzamiento del iPhone más increíble hasta ahora. ¿Y sabes con quién lo puedes preordenar y  llevártelo por la casa? ¡Con T-Mobile! Solo tienes que hacer trade-in de cualquier teléfono, ¡aunque esté roto! ¡Escuchaste bien! Cualquier teléfono, aunque esté roto y te llevas el nuevo iPhone 18 Pro. Lo único que tienes que hacer es entrar ahora mismo al app de T-Life y seguir los pasos para la preorden. Y si te preguntas, “¿Cómo hago el trade-in?” ¡Es bien fácil! En el proceso aparecerá la opción de entregar el equipo a través de correo o llevarlo a alguna tienda. Tú decides la mejor opción para ti. Las mejores ofertas se consiguen en la mejor red móvil de Puerto Rico. Así que ya sabes, preordena el iPhone 18 Pro HOY en el app de T-Life. ¡No pierdas tiempo que esta oferta es por tiempo limitado!#tmobile#incluyeauspicio Arabia bombardea Yemen tras drone llegar a Mecha - Reuters Supremo no acogió la demanda de tres legisladores municipales del PNP que piden descalificar a Hiram Torres Montalvo, subsecretario de DACO - El Nuevo Día 20000 ingresos involuntarios por salud mental en un año - El Nuevo Día  COPUR dice que rinde cuentas ‘de cada centavo' pero pide más - Primera Hora Quiebras bajo el Capítulo 7 suben 77% de 2023 - El Nuevo Día Caso hermana Falcón por caso de 2015–2016 que llega a segundo juicio en 2026 - El Vocero Florida recluta maestros boricuas en la UPR - Primera Hora FINRA 2024: 35% de adultos en PR con cuenta de retiro vs. 57% en EE.UU.; - El Nuevo Día Colombia vuelve a fumigar coca por presión de Washington - Semafor Encuesta de Politico halla que 63% de los estadounidenses cree que la IA podría destruir a la humanidad; 48% quiere pausar el desarrollo avanzado - Axios Julio fue el más seco en San Juan en más de 120 años - News is My Business El Arte de la Guerra: primera vez que la OTAN derriba un dron en su espacio aéreo, dice Lituania - WSJChina: Permitirán prohibir que ciudadanos no puedan salir de China si son High Tech - Reuters Diesel vuelve a romper récord de precio a 6.26 el galón promedio en USA y PR - Bloomberg El Senado federal tumba la ley cripto y reabre el capítulo Epstein, 3 republicanos se unieron a demócratas - Politico LOS DATOS DEL DÍA (cierre del martes 15 de sept.; la Fed decide hoy) Brent$109.20/barril ▲ (máx. de meses) WTI$106.46/barril ▲ Diésel (EEUU retail)~$6.26/galón ▲ récord histórico Gasolina (EEUU)~$4.36/galón S&P 5007,585.73 ▼ 0.45% Dow Jones52,093.11 ▼ 0.63% Bono 10 años5.04% ▲ máx. desde 2007 Gas natural (Henry Hub)$2.93/MMBtu Hipoteca 30 años6.76% (Freddie Mac)

On August 3, 2026, Fannie Mae and Freddie Mac retired Limited Review. Everycondo loan in a project over 10 units now runs a Full Review of the HOA'sfinances. And on January 4, 2027, the minimum reserve allocation jumps from10% to 15%.You used to worry about whether YOU qualified. Now your condo has to qualify too.Source: Fannie Mae Lender Letter LL-2026-03⏱ CHAPTERS0:00 - 800 credit score, 20% down, denied0:00 - The two dates that matter0:00 - Limited Review is gone0:00 - Reserves: 10% to 15%0:00 - Why a reserve study isn't an escape hatch0:00 - Critical repairs and deferred maintenance0:00 - Special assessments: what lenders actually ask0:00 - Insurance (this one's brutal in California)0:00 - More paperwork, more delays0:00 - The good news nobody's talking about0:00 - If you already own a condo, watch this part0:00 - What to ask for before you're deep in escrow

Redfin says this is the strongest buyer's market in its records. Mortgage purchase applications are down 19% from a year ago, rates are back near 7%, and the Fed decides today. More homes are hitting the market and buyers have more leverage, but affordability is still keeping many of them on the sidelines. That contradiction is the story. **In this live episode, we'll cover:** * Record buyer leverage, six-year-high supply, and why late September may be the best buying window of 2026. * Mortgage demand falling as rates climb, plus LIVE reaction to the Fed decision. * VantageScore 4.0 opening to all approved Fannie Mae and Freddie Mac lenders. * Zillow losing its MRED injunction bid, facing a shareholder suit, and expanding Preview through RealScout. * The industry's push to build more housing, including Let America Build and Airbnb's $250 million accelerator. * AI data centers, Compass Global, a new Homes.com president, and Sotheby's latest move toward company ownership. Hit Notify Me and join us LIVE. What are buyers and sellers actually doing in your market right now? **ARTICLES & SOURCES** Record Buyer Leverage Meets an Affordability Wall - https://www.redfin.com/news/buyers-vs-sellers-august-2026/ • https://www.realtor.com/research/best-time-to-buy-2026/ • https://www.redfin.com/news/housing-market-update-high-costs-sideline-buyers-negotiating-power/ • https://www.redfin.com/news/new-listings-surge-august-2026/ Mortgage Purchase Demand Drops 19% as Rates Jump - https://www.cnbc.com/2026/09/16/mortgage-demand-from-homebuyers-drops-19percent-from-a-year-ago.html VantageScore 4.0 Opens to All Approved GSE Lenders - https://www.inman.com/2026/09/11/nar-fhfa-vantagescore-4-0-credit-score/ • http://nowbam.com/vantagescore-4-0-is-now-available-to-every-approved-gse-lender/ • https://www.cnbc.com/2026/09/15/mortgage-credit-scores-vantagescore-fico-homebuyers.html Zillow Loses MRED Injunction Bid as Fight Moves to Arbitration - https://www.inman.com/2026/09/16/zillow-compass-mred-chicago-listings-access-standards/ Zillow Faces Shareholder Suit Over Redfin Deal and Stock Sales - https://www.inman.com/2026/09/11/zillow-redfin-rentals-jeremy-wacksman-ftc-stock-sales/ Zillow Preview Is Coming to RealScout - https://www.inman.com/2026/09/15/zillow-preview-realscout-integration/ • https://nowbam.com/zillow-and-realscout-team-up-to-bring-preview-listings-to-more-buyers/ Real Estate Rivals Unite Behind Let America Build - https://www.inman.com/2026/09/15/realtor-exp-zillow-housing-crisis/ • https://nowbam.com/real-estate-giants-unite-behind-one-campaign-to-build-more-homes/ • https://letamericabuild.org/ AI Data Centers: Big Demand, Mixed Housing Effects - https://www.cnbc.com/2026/09/15/data-center-reit-ceo-ai-slowdown.html • https://www.nar.realtor/news/real-estate-news/is-there-a-data-center-effect-on-real-estate Compass Launches Global Referral Division - https://www.inman.com/2026/09/14/compass-building-bridges-with-agent-led-global-division/ Homes.com Hires Felix Kusch as President - https://www.inman.com/2026/09/15/costar-group-homes-dot-com-felix-kusch-president/ Sotheby's Brings Its Two Largest Franchises In-House - https://nowbam.com/sothebys-international-realtys-two-biggest-franchises-are-now-company-owned/ Airbnb Launches a $250M Housing Accelerator - https://www.inman.com/2026/09/15/realtor-exp-zillow-housing-crisis/ **ABOUT tWiRE** tWiRE - This Week in Real Estate is a live real estate news show (every Wednesday!) examining the biggest stories shaping housing, real estate, mortgage lending, brokerages, agents, buyers, sellers, and the industry. #HousingMarket #MortgageRates #RealEstateNews

Plus: Mortgage rates are closing in on 7%. And the Justice Department says cryptocurrency platform Binance was used to funnel money for Iranian oil. Alex Ossola hosts. Sign up for WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, Bryan sits down with John Dingeman, Chief Appraiser at Class Valuation, to take a closer look at the UAD 3.6 deadline. (It's getting close, folks.) They discuss their theories on whether or not the November 2nd deadline will change; how well-prepared the appraisers, appraisal companies, and software companies feel; and possible ways to make this transition smoother (and avoid a crash-and-burn in November). Stay tuned and find out what our guest has to say.

Tip Tuesday, 4-7 Min Real Estate TipsHome appraisals are changing.​​Starting November 2nd, Fannie Mae and Freddie Mac loans will begin using the redesigned Uniform Residential Appraisal Report, or URAR.​​In this Real Estate Tip Tuesday episode, Katie with Team EvoAZ at eXp Realty and Ryan with Your Best Mortgage explain what is changing and what home buyers and sellers should know about the new appraisal process.​​​Connect with Team EvoAZ: Text ConnectWithKatie to 480-508-9828​Connect with Ryan:Text ConnectWithRyan to 480-508-9828​​​Want to browse Phoenix area homes? Text GetPhoenixDeals to 480-508-9828 to see our current "good deals" page.​​​Disclaimer: This video is prerecorded. The information provided in this video is for educational purposes only and not financial or legal advice. Always consult a licensed lender, real estate agent, or wealth manager for guidance specific to your situation.

Keith welcomes back macroeconomist Richard Duncan of Macro Watch to examine where mortgage rates are headed and what's driving them there.  Duncan explains how the U.S. shifted from capitalism to what he calls "creditism" after the dollar left gold in 1971, and why today's AI investment boom, rising defense spending, and a $40 trillion national debt are all pointing inflation and interest rates in the same direction.  He also makes the case for rental property on land as a long-term inflation hedge, and answers a question many have asked: if the government can print currency, why does it collect taxes?  Episode Page: GetRichEducation.com/623 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Join Mid South Home Buyers' one-time, free live webinar featuring Keith Weinhold on September 30 at GetRichEducation.com/MidSouth to learn how Memphis' economic expansion could create new real estate investment opportunities, and have your questions answered in real time. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host Keith Weinhold. You're going to get a good idea of where future mortgage rates are headed as we're talking to one of the world's most brilliant macroeconomists today. Will AI be more inflationary or deflationary? And the profundity of how we're on the brink of moving into a completely new economic system today on Get Rich Education. What if I told you that one of America's strongest cash flow real estate markets is also becoming the new brains and brawn behind AI? That city is Memphis, believe it or not. In September 30th, we're going to show you why the smart money is paying attention now, along with an investing opportunity you won't want to miss. Join me, Terry Kerr and Matthew Van Horn of Mid South Home Buyers, the largest turnkey company in Memphis with more than 6000 homes under management, for a free live webinar the likes of which I've never done before. We're going to look at what billions in new investment could mean for jobs, housing demand, neighborhood appreciation, and your portfolio. Everyone who attends live will also get exclusive access to the best deal terms Mid South has ever offered. Reserve your free seat at getricheducation.com/midsouth again. that september 30. Don't say we didn't tell you. Save your spot at getricheducation.com/midsouth.   Speaker 1  1:34   You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold  1:50   Welcome to GRE from Lancaster, Pennsylvania, to Lancaster, California, and across 188 nations worldwide. I'm Keith Weinhold. You're listening to Get Rich Education, and I really appreciate that you're here. Yes, those two cities, though spelled the same, are pronounced differently. Framing this entire episode today with our brilliant guest, you'll learn which direction future mortgage rates are probably going to move, and it's decidedly either going to be higher or lower. You'll get a clear answer. Now I've said that trying to predict mortgage rates definitively is foolish. We're only talking about probabilities today. Look, have you ever wondered if the government can just print its own currency? Then why do they have to collect taxes from us. We're going to get that answer today. Back in 1971, the U.S. economy left a system of capitalism, in fact, and embarked on a journey of creditism as defined by today's guest. Well, now we're about to leave creditism. You'll learn what is poised to replace it, and it is an AI-fueled answer. You know, to prep you with some context today, I've said it here before. But when you start talking about the enormity of a national economy, the words billion and trillion start to get thrown around a lot. A trillion seconds ago, you know how long ago that was. That takes you further back than the Roman Empire, because a trillion seconds is 31,700 years. Well, 31,700 years ago, that is just about as far back as when the plains of Europe were being roamed by Neanderthals. Yeah, that was a trillion seconds ago. Coming up on the show here, the man who wrote the book on the Pareto principle 30 years ago. That's the 80-20 principle, where 20% of your effort yields 80% of the results. We'll talk to him and learn how those insights can improve your life on a different upcoming episode.   Keith Weinhold  4:08   Here, the book Rich Dad Poor Dad was originally written by two authors. One of those two was Robert Kiyosaki. We had Kiyosaki on the show here with us in June, and by the way, the New York Post recently wrote an article, and they cited the Get Rich Education podcast in how Kiyosaki revealed on the show here that he is 1.2 billion dollars in debt. You can find that in the September 1st edition of the New York Post. That's the June 1st episode of the Get Rich Education podcast that they're citing. Well, a lot of people they don't know who the other author of Rich Dad Poor Dad is, but we're going to have her here with us on the show soon. So some really fascinating episodes coming up. Let's meet today's guest. Returning this week is one of the foremost macroeconomic minds in the world. He was this show's first ever guest nearly 12 years ago on episode seven. A prolific author, he publishes the popular video series Macro Watch at RichardDuncaneconomics.com, and he's really influential. For example, not long ago, he presented his economic policy proposals to congressional members of the House Ways and Means Committee. Hey, it's a warm Get Rich Education. Welcome back to the incomparable Richard Duncan.   Richard Duncan  5:39   Thank you, Keith. Thank you for having me back on.   Keith Weinhold  5:42   I don't know if you and the audience are ready for this. This is some perspective. It recently made news when the U.S. hit its national public debt milestone of $40 trillion. When Richard made his GRE debut here in November of 2014, it was $18 trillion. That national debt has more than doubled since you were first here, Richard.   Richard Duncan  6:07   That's right. The government has been playing probably the leading role in keeping the economy growing, and a couple of times since then has played the sole role in preventing a new Great Depression in the aftermath of the crisis of 2008 and during COVID, it's the massive government budget deficits, often more than a trillion dollars a year. Last couple of years, it's been 1.8 trillion dollars. That's been driving the economy, and whenever it needs some additional support, the Fed steps in and creates a few trillion dollars here and there, and combined they've been keeping the economy growing and, in fact, booming. And wealth has absolutely exploded as a result of the government spending and the Fed money creation. In 2008, the total wealth of all the Americans net worth $60 trillion. Now, it's tripled to $180 trillion. That that is a direct result of the government's intervention through budget deficits and paper money creation by the Fed.   Keith Weinhold  7:14   I will call that the world's least desirable investment portfolio minus 40 t. That is one way to think about it, but when you bring up interventionism, you know something I shared with the audience about a month ago, Richard. It is just remarkable to think about all the crises we've had just since 2020. We had COVID, we had Russia's invasion of Ukraine, we had Israel, Gaza. We had tariffs. Now we've got the war in Iran, and what is the result of all this? Largely due to government interventionism. Oh, both the stock market and real estate market in the U.S. are near all-time highs.   Richard Duncan  7:54   Who would have imagined? But things work very differently now than they did in the old days when money was backed by gold, and the Fed and the government played a much smaller role in the economy. It's a different world now. That was capitalism. This is creditism. Our new economic system is driven by credit growth, and whenever necessary, the government steps in with massive budget deficits, and the Fed steps in with massive money creation to make sure that credit keeps expanding and the economy keeps growing, because if credit doesn't keep expanding, if it even dips a little bit like it started to in 2009, then the whole bubble implodes and we repeat the 1930s Great Depression, probably followed by what happened in the 1940s.   Keith Weinhold  8:39   This is interesting. When you were first here 12 years ago. You talked about how society isn't so much capitalism that it's creditism, and you expounded on that. And before we're done, I know that we have now morphed into a new ism, post-creditism that Richard is going to share with us, it's fascinating. But Richard, since you were last here, the Iran War is new. It's been going on for over six months now. So I'd like to get your thoughts on that, and principally, if the Iran War is going to create lasting inflation or only a temporary energy spike. What are your thoughts?   Richard Duncan  9:20   Let's broaden this out. I know that your listeners are very interested in in real estate, and of course that's very impacted by interest rates. And interest rates are impacted, of course, primarily by inflation. So it is true that the Iran war is pushing up energy prices, and that's pushing up inflation. It's not just Iran alone. Before that, we had trade tariffs, and that's pushing up inflation. And on top of that, we've simultaneously got this extraordinary AI investment boom, and the investment by the hyperscalers is just mind-boggling. The four biggest hyperscalers-Amazon, Alphabet, Microsoft, and Meta-they're expected just the four of them to invest something close to $750 billion this year. 750 billion, just four of them. Now, to put that into perspective, the U.S. military, in one year, the most recent year, only spends half that much on procurement and research and development, roughly 320 billion. You've got these four hyperscalers spending twice as much as the U.S. military does on procurement and research and development. That is just hard to wrap your mind around, and of course, that's pushing up everything from the cost of memory chips to electrical equipment, the cost of electricity itself, power generation equipment, and all the kinds of materials that go into building data centers. So that's another source of inflation. And then there is this wealth effect that I just referred to a minute ago. Wealth has tripled from $60 trillion to $180 trillion since 2008. All that wealth is giving a lot of rich people a lot of money to spend on a very large scale, and that also is inflationary. So all of those things are inflationary, and none of them seem to be going away in the immediate future. Now, on top of that, the inflation is not the only thing that is affecting the interest rates. Other things are affecting the interest rates as well. For instance, the budget deficit this year looks like the U.S. budget deficit is going to be quite close to $2 trillion. So that will be $2 trillion of government borrowing, and this doesn't look like it's going to go down anytime soon either. President Trump is requesting $1.5 trillion for the total defense budget in fiscal year 2027, which starts in October. That's up from just $900 billion in fiscal year 2025, so that's a huge increase in military spending, which makes the percent-   Keith Weinhold  9:20   Increase plus, y   Richard Duncan  10:52   Going to keep growing, and that spending will be inflationary as well. But so the government is going to have to borrow, so the demand for money from the government is enormous, and as I've just mentioned, because of the AI boon, the hyperscalers and many of the other companies in the AI industry or related to the AI industry, they're also tapping the bond market on a very large scale. So demand for borrowing from these AI-related companies, the demand is pushing up interest rates. This is not directly related to inflation, so you've got a lot of demand for borrowing from the government and from the private sector related to artificial intelligence primarily. So that's on the demand side for money, and on the supply side, well, the United States is not making a lot of new friends these days. We seem to be losing friends pretty quickly, and many of the people who were very enthusiastic about buying American government bonds in the past are becoming increasingly reluctant to do so. Most of them still are. Most of them don't really have any viable options, but on the margin, there are fewer friendly buyers of our debt, and so fewer people willing to buy the debt also puts upward pressure on U.S. interest rates. So recently, the 30-year U.S. government bond hit a 19-year high at 5.33% That's a very high number, and this has spooked the Treasury Department. Treasury Secretary Besant has begun doing some very unusual things that suggest that he's very concerned. He has helped stop the yen from weakening by selling some euros that the U.S. government owned and buying yen. He did this to make the yen stronger, and this meant that Japan wouldn't have to sell its U.S. government bonds in order to have dollars to use to buy yen to make the yen stronger. So that was a strange move.   Richard Duncan  9:20   And then more recently, he's announced that the Treasury Department is going to start buying twice as many long-dated bonds as it has been doing. Each operation now, the Treasury Department has been buying $2 billion worth of bonds at the long end and financing it with short-term borrowing. So borrowing at the short end, the say two-year bonds, which have a much lower interest rate, and using that money to buy 10 or 30-year bonds that have a higher interest rate, in order to push up the bond prices and push down the bond yields at the long end, to try to hold down the 30-year bond yield and the 10-year bond yield, which of course directly affects the mortgage. This is beginning to seem like there's some degree of, well, let's call it perhaps not panic, but deep concern in the Treasury about how high interest rates in the U.S. are going, and just moving forward with this idea, all of these pressures, the inflationary pressures are not likely to go away anytime soon. The demand for borrowing is not going to go away anytime soon. So there's going to continue to be this upward pressure on interest rates. And I think ultimately, what we are going to see is another big round of quantitative easing from the Fed. The Fed is going to have to step back in and announce that it's going to create a great deal of money one more time, and use that money that it creates to buy government bonds to push up their price and to drive down their yield. And we shouldn't forget that already the Fed is currently printing, creating money. It launched a new program. What is it called? Reserve management purchases. This was a program they announced in December last year, where they were just going to create some money and inject bank reserves into the financial system, so that they could manage reserves at a good level, so everyone would have plenty of liquidity. Just since December, they have created $210 billion. This is kind of going under the radar, but $210 billion since December is not an insignificant amount of money.   Richard Duncan  14:49   If the budget deficit this year turns out to be 2 trillion, then that's financing 10% of the government's budget deficit, right? More than 10% So we've already got a significant amount of money creation by the Fed going on currently, and that's not enough to prevent the yields from moving sharply higher. So I think what we're going to get is another much bigger round of quantitative easing in the not too distant future, and that's going to have a lot of ramifications.   Keith Weinhold  17:00   That's a really interesting insight, and Richard, one word keeps popping into my head as we have this discussion. Okay, inflationary pressure correlates with higher interest rates, sure, but how much are these high bond yields, which flow right over to our mortgage rates, a result of an erosion in trust. I'm thinking about trust   Richard Duncan  17:24   to some degree, yes, but not overwhelmingly. The reality is, at the end of the day, there is a certain amount of money in the world that has to be invested somewhere, and that is the most important fact to understand. There is a pool of money; it keeps getting larger, and it has to go somewhere. And U.S. government bonds are considered the safest place for it to go. For instance, the United States has a very large trade deficit with the rest of the world. For the last two years, the current account deficit, which is more or less the trade deficit, has been 1.2 trillion dollars a year. It's easier to understand it as a trade deficit. That's been throwing off 1.2 trillion dollars into the surplus countries. The surplus countries sell things in the United States, countries like China and Vietnam and all the others. They sell things in the United States that they make at home. They get paid in dollars. They take their dollars back home to China and Vietnam and all the other countries, and what do they do with the dollars? They own dollars. They've got to do something with those dollars. They're getting 1.2 trillion more dollars every year. Now, the thing they do with it primarily is they buy treasury bonds with it, and so there is an inherent and growing demand for treasury bonds. You may be thinking, okay, they could take those dollars and they could convert them into euros. That's true, they could, but whoever they buy the euros from, they then own dollars, and they would need to buy U.S. dollar-denominated assets with them. The main driver behind the buying of Treasury bonds is just the fact that there are so many dollars in the world, an increasing amount of dollars outside the United States that need to be invested in U.S. dollar-denominated assets. People can lose confidence in "quote unquote, but what are they going to do with their dollars? It has to go somewhere, and so it ultimately ends up going round and round, and an enormous amount of it ends up in U.S. Treasury bonds, and that's not going to change so long as the U.S. has a very large trade deficit with the rest of the world. The rest of the world is going to keep accumulating dollars for that reason, and they're going to keep accumulating Treasury bonds for that reason.   Keith Weinhold  19:44   Well, what do these effects mean for real estate, Richard? I mean, which force you think will ultimately win for housing here with this increased inflationary pressure? Is it more of a damaged affordability problem, or do we see rising? Placement costs that continue to help float real estate values up.   Richard Duncan  20:05   Real estate prices, home prices, have not been performing very well over the last year to two. Pretty flat, unlike in prior years, immediately after COVID when they were booming. I suppose that's what we're going to continue to see for some time. If interest rates remain high, the affordability is not there. But if we do get this new round of quantitative easing, which I think is a real possibility, then that will effectively push down the interest rates, making home affordability better. And at the same time, by creating more money, that does push up asset prices across the board. So over the long run, I do believe that real estate is a very good investment, and also it can be a very good investment from the point of view of providing diversity in your portfolio. I'd like to focus in particular on it can be an inflation hedge. So, if you buy a house and use a say a 30-year fixed mortgage, and then we or a 15-year fixed mortgage to pay for a significant part of that purchase, and then we do get inflation, then the inflation eats away your mortgage. Your mortgage evaporates because of the inflation, so in that way you're somewhat protected from the risk of future inflation by having inflation destroys your debt. In other words, so that helps. So I do believe that buying houses, I think rental income is a very good investment, particularly houses on a piece of land buy the house with a fixed rate mortgage. You rent out the house, and over 10 to 15 years, the house pays for itself, and it keeps appreciating in value over time. Decade after decade, it will become increasingly valuable over the long run, and you'll have also a supply cash flow, and you'll have this inflation hedge that I just described. So I think owning rental property that is on land, I'm not so keen on buying condos. There's no limit as to how many condos can be built in the air, but there is a limited amount of land in the world, and so land is as good as gold because if gold goes up; the land will also go up for the same reasons. So I think owning rental property is a very important part of having a broadly diversified portfolio, which is usually the best thing for most people to do to have a broadly diversified investment portfolio.    Keith Weinhold  22:37   Yeah, in this era of both war and increased interventionism, yeah, we still have a resource here, real estate that is scarce, that is necessary, and is built with this basket of goods and commodities constituting that replacement cost.   Richard Duncan  22:53   I agree.   Keith Weinhold  22:55   Well, Richard and I have a lot more to talk about when we come back, including what phase of the economy that we're in post-creditism and a lot more. You're listening to Get Rich Education. Our guest is the publisher of Macro Watch, Richard Duncan. I'm your host, Keith Weinhold.   Keith Weinhold  23:12   What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group NMLS 42056. They provided GRE listeners with more loans than anyone because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal and even chat directly with President Caeli Ridge while it's on your mind. Start at ridgelendinggroup.com. That's ridgelendinggroup.com. Let me ask you something: If you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. In full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed. But with a track record of consistent, on-time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family 266866. That's family 266866.   Robert Helms  24:44   Hey everybody, it's Robert Helms of the Real Estate Guys Radio Program. So glad you found Keith Weinhold and Get Rich Education. Don't play your daydream.   Keith Weinhold  25:04   Welcome back to Get Rich Education. I'm your host Keith Weinhold. We're talking with Richard Duncan. Check out him and his work at RichardDuncanEconomics.com. So much interesting stuff has happened in the macroeconomic world since we last had him here with the Iran War, with the AI arms race heating up, and with hitting that milestone of $40 trillion in total public national debt. Which, by the way, that $40 trillion-that is more than the combined debt of Germany, Japan, France, Italy, the UK, and Canada. That's basically the entire rest of the G7 just to try to get your head wrapped around that $40 trillion number, and you know, Richard, when it comes to the government, their income and their expenses and their assets in their debt, some wonder, including me, if the government can just print its own currency, then why must they collect taxes from us?   Richard Duncan  26:04   Okay, well, to understand the answer to that question, it's necessary to understand that it wasn't always possible for the government to print its own currency. Up until 1968, 1971, the Fed was legally required to back the dollars it created with gold, and the United States had the obligation to allow other countries to convert the dollars they accumulated into U.S. gold. So up until then, that wasn't a possibility for the government to finance its spending by money printing. And so, over the centuries that preceded, the government would tax the people to obtain the money that it needs for spending. So imagine today: here we are. The government now is spending about $7 trillion a year, and its tax revenues are about $5 trillion a year. So if it suddenly said, "Okay, we're not going to tax anyone anymore, that would mean that people would have an extra $5 trillion to spend, and if the people started spending $5 trillion, we would have hyperinflation, because there's only a limited amount of industrial capacity in the United States, or even in the world for that matter. It couldn't absorb a $5 trillion of additional spending from households and businesses, so it's not that they can't technically create the money as much money as they want to pay for everything they want. The constraint is not money creation technically; it's the inflation that it would produce if they just stopped taxing everyone and just created money instead. So that's the reason they can't.   Keith Weinhold  27:46   Just slowly taper it away and give people some income tax relief. Why can't they do that?   Richard Duncan  27:52   Well, that's what they've been doing. Taxes are far lower now than they were under when President Reagan took office, and that's one of the reasons we have $40 trillion in debt.   Keith Weinhold  28:03   Okay, but that is how the income and expenses look on an annual basis, right, Richard? This is how I think of it. Like the United States basically has 5 trillion in annual income, much of it from personal tax collection, and 7 trillion in annual expenses. That's how we get to the annual deficit of about 2 trillion, which rolls into that $40 trillion of overall debt.   Richard Duncan  28:30   That's right. What you said is correct. But we would have much more than $5 trillion income from taxes had the government not reduced the tax rate so often and so radically, starting in the early 1980s under President Reagan, if taxes hadn't been cut so sharply, we wouldn't have a two-trillion-dollar budget deficit, $40 trillion of government debt. So they've already been tapering the amount that they tax by cutting tax rates very sharply over the last decades,   Keith Weinhold  29:02   I guess a lot of people, admittedly me included, haven't been thinking about it that way. Maybe because it's painful, and I do write checks to the IRS. But when we talk about this propensity for continued inflation, one component of this is what's happening with the AI arms race, and I know you've looked at this closely. You know, because one thing I think about is, well, wait, will the AI arms race actually be deflationary over time because it lowers production costs and makes us more efficient, or is it going to be inflationary because it requires enormous capital and electricity and infrastructure in the building of these data centers. So you know I can see it going either way with the AI arms race, inflationary or deflationary. But since you studied it a lot, including talking about it on macrowatch, tell us more about the AI arms race and what this all means, Richard.   Richard Duncan  29:59   So yes. On your point that you just made, in the short term, it looks like the AI boom is going to be inflationary. Yeah, it's driving up electricity prices, land prices, and all of the things that we discussed before. Everything that goes into making artificial intelligence intelligence, including memory chips, which drive up the cost of your iPhone and iPad. So it's inflationary in the short run, but over the long run, it could probably and probably will be quite disinflationary or even deflationary. I think that's several years away. Now, moving on to the next question, the AI arms race. I think it's very helpful to understand the world around us by putting it in the context of how our economic system has evolved since dollars ceased to be backed by gold. 1968, the Fed was no longer required to back dollars with gold. 1971, President Nixon said, "Sorry, Europe, we we said we would let you convert your dollars into gold, but we changed our mind and you can't. So after that, there was no longer any gold backing for the dollar, and here are a list of things that have happened as a result of that change. Our huge trade deficits couldn't have happened if the dollars were backed by gold. The huge budget deficits that we have couldn't have happened. The Fed couldn't have created trillions of dollars through quantitative easing. Inflation rate has fallen from the 1980s, from the the mid teens to well below the Fed's 2% inflation target for most of the last 20 years, and wealth in the United States has exploded, as I mentioned, from 60 trillion to 180 trillion. That wouldn't have happened if dollars had remained backed by gold because credit has exploded. Total debt or total credit, two sides of the same coin. Total debt in the U.S. It's government debt, household debt, corporate debt, Fannie Mae, Freddie Mac debt, all the debt. It first went through $1 trillion in 1960. Now it's 110 trillion. So 110 times increase in my lifetime in total debt. That wouldn't have happened if dollars had remained backed by gold, and because of all of that credit expansion and the massive trade deficits we had with the rest of the world through globalization occurred, and that allowed Asia to industrialize, and Asia wouldn't be industrialized as it is now. China wouldn't be an economic superpower as it is now had dollars remained backed by gold, because it wouldn't have been able to grow through export-led growth. And so, China, instead of looking like it does today, it would look like it did in 1970, basically being a very poor third world country, and globalization has pulled hundreds of millions of people out of poverty.   Richard Duncan  32:47   They would still be in poverty had dollars remained backed by gold. The Soviet Union probably would still be around because the U.S. under President Reagan wouldn't have been able to to spend so much on the military that it bankrupted the Soviet Union trying to keep up with us, and finally, China wouldn't be the national security threat that it's become now because it wouldn't have had a trade surplus and it wouldn't have had any economic growth to speak of for the last 50 years. That's the world that we're living in now. The world we live in now is the direct result of dollars no longer being backed by gold, and to understand the world around us, you have to understand that that's the starting point. Now, coming to your question, this explosion of wealth that has been created under the system that I call creditism-we did have capitalism. It was driven by saving and investment, Capital accumulation, hence capitalism and investment that drove capitalism. That's not how our system works. Our system is driven by credit creation and consumption, and more credit creation and more consumption. That's creditism. It used to be driven by private sector credit growth, but the private sector became too heavily indebted in 2008, and they blew up, and that almost resulted in the complete collapse and bankruptcy of every bank in the United States and probably most of the banks around the world as well. So the government had to step in, and since that time, it's been government borrowing primarily.   Richard Duncan  34:17   This driven creditism and kept credit expanding with the help of the Fed, so this has been the evolution of creditism and has produced extraordinary amounts of wealth. So it's had two consequences that we need to focus in on now. For one, I've mentioned already, it turned China into an economic superpower, which is now on the verge of overtaking us, not just economically, but also technologically and militarily, it's become an extreme national security threat to the United States. But the second thing that has occurred, the creation of all of this wealth has provided the funds that have allowed a. Technological revolution to occur so quickly, this AI revolution that we're now living through, that is the direct result of the ample liquidity that has been created and flowing around the world, originating largely from the Fed's printing press and the government's budget deficits. That's created trillions and trillions and trillions of dollars of wealth that wouldn't have existed otherwise, and that wealth has gone into funding this development of data centers and the technology that's created the artificial intelligence. Now we are experiencing this AI revolution, and it's become quite apparent to everyone that whoever wins the AI arms race is going to rule the world. We're on the verge of machines becoming more intelligent than humans, and then after that point, through self-training and self-improvement, going on 24 hours a day, they're going to become exponentially more intelligent than humans very quickly, so whoever wins this race is going to have dominance of every other country in the world. So, as creditism has evolved, it has created a national security threat in China and has created artificial intelligence. And as a result of the two combined, we now have this artificial intelligence arms race with the United States that must win. That's why President Trump is calling for a 1.5 trillion dollar defense budget.   Richard Duncan  36:30   So this is one of the main themes that MacroWatch has been focused on this year. I've done a series of videos on the new defense spending boom, looking in one video at the traditional titans of defense like Lockheed Martin, RTX, Boeing, in another video looking at the new up-and-coming Silicon Valley challengers in the defense industry, companies like Andrel, Palantir, and most important of all, SpaceX. This is now the driving force in the economy. the The absolute necessity of winning this AI arms race is going to require much greater government spending on the military, and it's going to require what we're seeing extraordinary amounts of money being invested in developing artificial intelligence because whoever gets there first wins, and whoever doesn't is going to be subjugated by the winner. So that's where we are. So that brings us up to we've been discussing the change from capitalism into creditism, and we've seen how creditism has evolved from being first driven by private sector credit to later being driven by government sector borrowing and spending, now leading to this AI arms race, which I think we're now moving toward a different kind of economic system beyond creditism. So let me back up just a minute and say that economic systems are best defined by the constraints that limit what they can do. So we've been talking about capitalism. Capitalism's main constraint was the requirement that money be backed by gold, and when that constraint, when that gold-backed money constraint was removed, the constraint was gone. The economic system evolved into a different kind of economic system. Creditism has created extraordinary amounts of wealth and growth since early 1970s. This is not the first time economic systems have evolved. If you look back through history, there have been many different kinds of economic systems. They've all been defined by the constraints that binded what they could do. If you go back to hunter-gatherer economic system, that economic system was constrained because the people didn't have tools for cultivation or any way to store the food that they created for long-term storage, but once they developed that those tools and the ability to store food, those constraints were removed and they evolved into a different kind of economic system. Ultimately, into feudalism. Feudalism was an economic system that was constrained by very poor roads, so there was very little transportation. There were no banks, so no banking system or credit, and there was very limited legal social mobility.   Richard Duncan  39:28   But eventually, cities developed, and because of cities, trade flourished, and that removed the constraints that had defined feudalism. Okay, so fast forward, capitalism was constrained by gold-backed money. When gold was removed, we moved into creditism. Now here we are in creditism, late-stage creditism, and we're seeing this phenomenal expansion of artificial intelligence. So every economic system throughout history has. Had two constraints in common. There have been labor constraints, a limited labor supply, and there has been the constraint of limited human intelligence. We're now, thanks to artificial intelligence, on the verge of removing those two constraints that have limited every economic system up until today, when artificial intelligence is embedded in humanoid robots, that's going to remove the labor constraint. We will no longer have any labor constraint. Robots will be able to produce all the labor and then some that's required. So there goes the labor constraint, and when we hit superintelligence, that's going to remove the constraint of human intelligence that has bound economic systems. So those have been the two primary binding constraints on every economic system so far, and they're just now about to be removed by artificial intelligence. We're moving into a new era without intelligence constraints and without labor constraints, and this is going to radically change everything. When those constraints are removed, creditism is going to evolve into an economic system that's no longer driven by credit creation. It's going to be driven by intelligence creation, knowledge creation, or an explosion of cognition. So I call the new system that we're moving toward cognitism, because rather than being driven by credit as creditism is, it's going to be driven by exponential expansion of intelligence or cognition, and it's probably going to create undreamt of wealth, but it's going to completely change from bottom to top everything about the world and society and social relations that exist today, and that is what we're very quickly moving into over the next 10 to 20 years. That that's where we're going to go, and I believe it deserves a new name. So I've coined the term cognitism to describe this new economic system. The post-creditism world is cognitivism.   Keith Weinhold  42:12   Wow, this is massive. Ever since we met, you talked about creditism, and really, that's the economic system that we live in, not capitalism, so we're on the brink again of moving from creditism into cognitivism, because oftentimes these forces and their change are defined by having the constraints removed, and we're on the brink of removing the labor constraint and the human intelligence restraint from creditism to move us into cognitivism over the next 10 or 20 years. I'm just reviewing what you said as I'm thinking this through, Richard. Talk to us at least a little about what the ramifications are for us, just everyday people and investors with this cognitimism economic system.   Richard Duncan  43:02   It's very difficult to guess what the consequences are going to be. They're going to be not only economic, but they're going to very quickly become political, and the political consequences are difficult to guess how they will play out. But it does look like when robots can do all the manual labor, and machines can do all of the intellectual work on a much more accurately, much more rapidly, much more flawlessly than humans can. There won't be any need for humans to have work unless legislation is in place to ensure that they do, and if they don't have work, then they're going to not have any income. And if they don't have any income, they're going to start being very unhappy, and they're going to start rioting, and governments are going to begin to fall, and we don't know how that's going to play out. So there's going to have to be arrangements made to ensure that people do have enough income to benefit from all of the extraordinary wealth that could be created through limitless labor and limitless intelligence, but to work in a way that can satisfy our wildest dreams and beyond our wildest dreams is going to be a matter of restructuring the political economy, if you will, to ensure that people benefit from this technological revolution that is now speeding up.   Keith Weinhold  44:30   Yeah, I would say all we do know is we don't know and how it's going to turn out. But you know whether it's been tractors replacing horses or whether it's been the advent of the assembly line, or whether it's been the advent of the internet, people always say it's going to destroy net jobs, and historically, it really hasn't.   Richard Duncan  44:53   You're right, but the replacement of horses with automobiles didn't really work out so well for the horses.   Keith Weinhold  45:00   So, is there any way we can think about this in order to stay nimble as investors and everyday people, Richard? As we move into cognitism.   Richard Duncan  45:10   Absolutely, everyone needs to subscribe to Macro Watch, and they'll be able to follow it very closely there as I map it out as it unfolds from month to month.   Keith Weinhold  45:22   They should, and it's fascinating, and you've really been on the cutting edge of that. Tell us more about subscribing to Macro Watch, something that a lot of listeners should be interested in.   Richard Duncan  45:33   So my background is has been in finance. I started working in Hong Kong in 1986 as a securities analyst, I later on became an economist and then a strategist. I worked for the World Bank for a couple of years in Washington. I was the head of global investment strategy in London for ABN AMRO Asset Management. So my background is in finance, and I have spent most of my career living in Asia for the last 40 years, primarily in Asia. Along the way, I've written four books. The first one was the Dollar Crisis back in 2003. The most recent one was The Money Revolution in 2023. So my background is in finance. But 13 years ago, I launched Macro Watch. Macro Watch is a video newsletter. Every couple of weeks, I upload a new video. It's essentially me making a PowerPoint presentation discussing something important happening in the global economy and how that's likely to impact asset prices. So it's essentially become a compendium of the global economy. Essentially, everything that has happened in the last 13 years at the macro level that matters is discussed in these macro watch videos. For instance, there is a complete history of everything the Federal Reserve has done since it was founded in 1913. There is a complete description of government debt from the beginning, the increase in government debt and budget deficits. It explains things like how the Fed actually creates money, what are bank reserves, what is Japanese monetary policy, what is European monetary policy. All the major macroeconomic developments are described there and are available to subscribers every two weeks. They upload a new video, and so if your listeners would like to check it out, my website is richarddunkeneconomics.com. That's richarduneconomics.com, and if they'd like to subscribe, hit the subscribe button. And I'd like to offer everyone a 50% subscription discount.   Keith Weinhold  47:36   Thank you.   Richard Duncan  47:36   They'll be prompted to put in a discount coupon code if they use the discount code GRE, like Get Rich Education, they can subscribe at a 50% discount. They'll find it very affordable, and at the very least, they can sign up for my free blog while they're there, and they can follow my work that way.    Keith Weinhold  47:57   It is fascinating the AI arms race poised to have us completely change economic systems from criticism to cognitism. Richard, is there any last thing that you would like to leave us with? Whether it has something else to do with AI, maybe I didn't think about asking you, or something with the Iran war and the inflation, or anything else in the economy. Any last thought for what we should do or be aware of?   Richard Duncan  48:24   One thing, of course, I think is very important is for everyone to learn to use AI as much as they possibly can. It's easy to use, and it will teach you how to use it. And as we evolve into this new world is going to be crucial to make use of this most important tool humanity has ever had-the ability to use AI. This suddenly gives you access to all the world's knowledge. All you have to do is ask, and it will tell you in a very friendly way. So, by being able to use AI, you'll be in a much better position to survive the transition and prosper in the decade ahead.   Keith Weinhold  49:09   That is an actionable way to stay on top of it, Richard. It's been valuable as always. Thanks so much for coming back onto the show.   Richard Duncan  49:16   Thank you, Keith. I've enjoyed it.   Keith Weinhold  49:24   Yeah, keen insights from Richard as always. Yeah, the U.S. sure has been making enemies the past couple years. That could make other nations less likely to buy our debt, and then in turn, it takes higher interest rates in order to attract bond buyers. Well, that in turn increases mortgage rates. But to some extent, other nations have to buy our debt. Richard says that a bigger round of future QE is a distinct possibility. That is code for money printing. That's clearly. Inflationary, but few seem to know we've already been involved in liquidity operations since last December. Whether that's called QE or something else, it is taking more government spending to keep up with the AI race. That's inflationary too. What about that? When horses were replaced with cars. How did it work out for the horse? I don't know if that made it better or worse for the horse. Maybe horses were out of work, but then they got to live free. Will AI make that very predicament apply to humans? Nobody knows. The economic system will have moved from creditism to cognitism when the economy is no longer driven by credit creation but intelligence creation, from RichardDuncanEconomics.com, you can hit the subscribe to MacroWatch button and enter the discount code GRE for a 50% discount. Just about everything that you heard today is poised to drive mortgage rates higher, not lower. Big thanks to Macro Watch Mastermind Richard Duncan today. Next week it's a more real estate centered show. I'm your host Keith Weinhold. Don't quit your daydream.   Speaker 2  51:21   Nothing on this show should be considered specific, personal, or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Keith Weinhold  51:49   The preceding program was brought to you by your home for wealth building, getricheduceducation.com  

The real estate business is changing in ways that affect how consumers find homes, how borrowers qualify for mortgages, and how property owners understand their rights.   This week on From the Rooftops, I'm digging into several housing and real estate headlines that REALTORS® should be watching closely.   One conversation centers on the MLS and the growing use of private or delayed listings. As brokerages experiment with different ways of marketing homes, buyers may need to understand which properties they can actually see and whether the agent or brokerage they choose affects their access to available inventory. For REALTORS®, that brings us right back to transparency, cooperation and our responsibility to the consumer.   There's also a significant development in mortgage lending. FHFA has approved VantageScore 4.0 for lenders originating Fannie Mae and Freddie Mac mortgages, giving us another reason to pay attention to how changes in credit scoring could affect future homebuyers.   Then there's property ownership itself. More than 2,600 landlords are reportedly slated for compensation related to losses stemming from a COVID-era eviction freeze. The legal fight raises a larger question about property rights and what happens when public policy restricts an owner's ability to use private property.   And Washington is talking about housing, technology and affordability. One idea being discussed is whether greater digitization could help address some of the friction and expense involved in buying a home.   These stories touch different corners of real estate, but every one of them matters to professionals who advise consumers about buying, selling and owning property.   What changes when the systems underneath a real estate transaction begin changing too?   Join me Thursday, September 10 at 9:00 AM ET for From the Rooftops. Bring your questions and tell me what you're seeing in your market.   Leigh Brown is a REALTOR®, broker-owner, auctioneer, national keynote speaker, and author whose work helps professionals lead with confidence, communicate with purpose, and build businesses rooted in trust and relationships.  

P.M. Edition for Sept. 4. The U.S. added a whopping 162,000 jobs last month, far better than economists expected. We hear from Journal markets reporter Jack Pitcher about what investors are betting that means for the Fed. Plus, we talk to Siobhan Hughes, who covers Congress, about the reaction to her reporting on how John Fetterman has shown little interest in the duties of a U.S. senator. And federal regulators say they have opened a probe into Tesla's Cybercab, a day after it hit the streets of Austin. Reporters Ryan Felton and Becky Peterson weigh in on what the probe means for Elon Musk's company. Alex Ossola hosts. Behind Closed Doors, John Fetterman Shows Little Interest in the Work of a Senator Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Alternative Real Estate Financing Strategies for Investors In this episode, Clint Coons sits down with Randy Zimnoch of Optimus Capital to break down alternative real estate financing strategies for investors looking to access capital, scale their portfolios, and keep investment properties inside LLCs and other appropriate business structures. Whether you're running into conventional lending limits or looking for more flexible ways to fund your next acquisition, this discussion covers financing options designed specifically for real estate investors. Get Real Estate Financing With Optimus Capital Ready to explore financing options for your next real estate investment? Connect with Optimus Capital and get funded today: https://optimuscapitalaa.lovable.app/ Alternative Financing Options for Real Estate Investors Traditional Fannie Mae and Freddie Mac financing can work well for many investors, but it may become more difficult to rely on conventional mortgages as your real estate portfolio grows. Clint and Randy discuss how investors can move beyond traditional financing, become more fundable, and identify alternative real estate financing options that better align with their investment strategy and portfolio goals. How to Finance Investment Properties Held in an LLC Financing real estate through an LLC can present challenges that investors may not encounter with a traditional personal mortgage. In this episode, you'll learn about financing paths that may allow you to keep your investment property inside an LLC or appropriate entity structure while continuing to acquire and finance real estate. They also explain important differences between commercial real estate loans, investor loans, and personal mortgages so you can better understand which financing approach may make sense for your next property.   Would you like to learn more about protecting your assets? Schedule a free strategy session here

- 197 mil sin luz ayer tras salida de Costa Sur 5 y 6 - Diario Libre Trump consigue en empresario cuestionable su aliado para el negocio con Venezuela - FTPa fuera hoy el jefe de la AAA, o eso rumoran muchos por ahí - Noticel Se acabaron las promesas bloquea la salida de la 177 en la autopista - Metro El FBI investiga extorsión/fraude de Power Expectations, hoy hay vista en la Cámara y Pablo José pide investigación federal - El Nuevo Día Trump anuncia "el mayor acuerdo petrolero de la historia" con Venezuela ¿PR va a participar reactivando la Corco? - AlJazeera ¡Mmm… hoy voy pa' Martin's BBQ!Disfruta el mejor y más sabroso pollo asado a la varita de Puerto Rico.Comida fresca, saludable y sabrosa, con tus complementos favoritos: arroces, habichuelas, verduras, mofongo, tostones…¡Mmm… esto sí es criollo!Ordena tu comida favorita para recoger o delivery través de Uber Eats o DoorDash.Martin 's BBQ… una receta, un legado, una tradición.¡Mmm… hoy como en Martin 's BBQ!CIERREAsado… Jugoso… sabroso#martinsbbq#incluyeauspicioIceland dice que no a meterse a la Unión Europea para defenderse de la expansión Trump - CNN  Asesinan maestro en aparente intento de car jacking, van 300 asesinatos - El Nuevo Día EEUU e Irán vuelven a bombardearse, Irán ponía minas en Hormuz, USA bombardea para evitarlo, Irán bombardea bases en Jordania y Emiratos - BBCMiguel Romero refinancia 13 préstamos (~$209M) de 8.5% a 6.35% - El Vocero Lluvias no detendrán el racionamiento Carraízo necesita llegar a 38.50m y está en 37.07m - El Nuevo DíaPablo José dice que se compromete con que haya luz y agua como prioridad - Primera Hora Normal el aumento de marines y aeronaves militares en el Caribe frente a PR dice jefe de seguridad pública - El Vocero Instan a hombres a romper el silencio sobre la violencia sexual - El Vocero Hiram Torres Montalvo va de DACO a la candidatura de alcaldía de Cataño - Telemundo Todo PR terminará con banda ancha de internet para diciembre de 2027 - El Vocero En los años 70, Puerto Rico llegó a evaluar traer hipopótamos para controlar los jacintos que ahogaba lagos y embalses, no se hizo por desastre de la marmota y las culebras - El Nuevo Día Proyecto obligaría a pedir id para el alcohol en PR independientemente de la edad - Metro Vivienda montó un evento en el Coliseo con actos musicales y no pudo precisar cuánto gastó - LOS DATOS DEL DÍA   Brent~$88/barril viernes → ~$91 el finde (por Irán) Diésel (retail EEUU)~$5.47/galón (elevado) Gasolina (AAA nac.)$4.09/galón S&P 5007,711.76 (-0.25%) · semana +0.5% · YTD +12.7% Dow Jones53,559.99 (-0.02%) Nasdaq26,402.42 (-0.52%) Bono 10 años4.73% Euro/USD1.1583 (-0.57%) Hipoteca 30 años6.66% (Freddie Mac)

In this episode of the Loan Officer Podcast, host Dustin Owen sits down with Tom Davis, Chief of Sales at Deephaven Mortgage, to discuss the rapidly expanding non-QM mortgage market and its implications for today's lending landscape. Tom highlights that non-QM now represents roughly 20% of all U.S. loan originations, a significant increase fueled by the growing needs of self-employed borrowers, gig economy workers, and real estate investors who often fall outside traditional agency guidelines. He explains how these borrowers are underserved by conventional lending products, making non-QM solutions increasingly vital for both clients and originators. Tom also identifies home equity lending as a generational opportunity, especially in the current environment of elevated interest rates and record levels of consumer debt. He points out that homeowners are sitting on unprecedented amounts of equity, and innovative lending products can help them access this wealth without sacrificing low first-mortgage rates. The conversation delves into the challenges and opportunities presented by tightening condo lending guidelines from Fannie Mae and Freddie Mac, which have made it more difficult for some buyers to secure financing through traditional channels. Throughout the episode, Tom and Dustin discuss actionable strategies for loan originators to grow their business by embracing alternative financing products, such as non-QM and home equity solutions. They emphasize the importance of building education-focused client relationships, empowering borrowers with knowledge about their options, and positioning originators as trusted advisors in a changing market. By staying informed and adaptable, originators can better serve a diverse range of clients and thrive in the evolving mortgage industry. TLOP's Originator Coaching:

Melody Wright returns to unpack a housing market collapse accelerating faster than 2008. Foreclosure referrals are spiking 150% month over month, FHA delinquencies are climbing past 12%, and multifamily real estate securitizations are showing signs of fraud, mismarked debt, and vanishing capital. Wright and Marty dig into United Wholesale Mortgage's balance sheet troubles, Fannie Mae and Freddie Mac exposure, private credit stress, commercial real estate maturity walls, and why Bitcoin remains the hedge against a monetary system built on unchecked credit creation. Melody on X: https://x.com/m3_melody Melody's Substack: https://m3melody.substack.com/ Find the Home Mining Playbook here: https://www.tftc.io/home-mining-energy-playbook STACK SATS hat: https://tftcmerch.io/ Our newsletter: https://www.tftc.io/bitcoin-brief/ TFTC Elite (Ad-free & Discord): https://www.tftc.io/#/portal/signup/ Discord: https://discord.gg/yHGkvYxdqT Opportunity Cost Extension: https://www.opportunitycost.app/ Shoutout to our sponsors: Block: Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast. Square: Visit http://square.com/go/tftc for up to $200 off eligible Square hardware. Bitkey: Use code TFTC10 for 10% off the new Bitkey. Aven https://www.aven.com/bitcoin CrowdHealth https://www.joincrowdhealth.com/tftc Unchained https://unchained.com/tftc/ Salt of the Earth: https://drinksote.com/tftc Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Newsletter tftc.io/bitcoin-brief/ Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Nostr https://primal.net/tftc Follow Marty Bent: Twitter https://twitter.com/martybent Nostr https://primal.net/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://www.tftc.io/tag/podcasts/ Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: https://help.cash.app/btcdisclosures Get up to $200 off Square hardware when you sign up at http://square.com/go/tftc! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner

On today's sponsored episode, Editor in Chief Sarah Wheeler talks with Daniel Miller, Senior Director, Provider Strategy and Distribution at Freddie Mac, about the new UAD 3.6 update and the strategic shift for lenders, appraisers, AMCs and more. Related to this episode: UAD 3.6 Information & Updates Freddie Mac UAD 3.6 Learning Resources HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ HousingWire Mortgage Banking Summit – October 1 More info about HousingWire Want more from Sarah? Don't forget to subscribe! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

Mortgage servicing can create significant wealth, so concentration risk matters, especially as sharp declines in Fannie Mae and Freddie Mac shares and leadership departures at Fannie raise concerns that political and organizational uncertainty could undermine the stability of the housing finance system. Robbie interviews Tidalwave's Chris McLendon on why the question lenders should ask isn't "Does it use AI?" It's "Can you prove the answers are right?" And we close with a quick primer on why the government doesn't set mortgage rates.From lenders and landlords to employers and consumers, Experian helps connect the housing ecosystem with the data and insights needed to make faster, confident decisions. Lead a smarter housing journey with Experian.The Chrisman Commentary is your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.

No Regrets, No Lull: Real Stories From the Front Lines of Home BuyingDavid Wickert and Tim Holdmann are back with three fresh success stories proving there's no such thing as a summer slowdown in real estate. First up: a couple who've owned their home since the Clinton administration finally catch their dream house after three years of searching — offering 13% over list price to secure a place where their adult son, who lives with them for medical reasons, will be taken care of long after they're gone. Then Tim shares an update on his Wauwatosa first-time buyer, whose fast-financing, no-appraisal-contingency offer not only won the house but scored her a $3,400 seller credit. Finally, David breaks down a relocating client using a brand-new Freddie Mac asset dissipation rule — dividing assets by 180 months to boost qualifying income without touching retirement accounts.Along the way, David and Tim talk engagement-ring negotiating strategy, the “how bad do you want this house” question every buyer should ask themselves, and why the mortgage industry's rulebook keeps getting smarter — and more human. Whether you've been house hunting for three weeks or three years, this episode is a reminder: the right house, and the right plan, are worth a good plan.

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Thinking about buying a condo? New lending rules from Fannie Mae and Freddie Mac could make getting a mortgage on certain condos more difficult, and first-time home buyers need to understand the risks before making an offer.In this episode of The Educated HomeBuyer, Jeb Smith and Josh Lewis break down the major changes affecting condo financing, including stricter HOA financial reviews, reserve requirements, deferred maintenance, structural inspections, insurance requirements, and the elimination of the limited review for most condo projects. These changes are designed to uncover problems before you buy, but they could also cause more condo communities to become non-warrantable, potentially requiring a larger down payment, higher mortgage rate, or alternative financing.We also explain what first-time home buyers should look for when reviewing HOA documents, including reserve studies, financial statements, meeting minutes, special assessments, litigation, and upcoming repairs. A condo may look great on the surface, but problems with the HOA or building can affect your ability to finance the property today and potentially make it harder to sell later.Before buying a condo, you need to understand more than the monthly HOA payment. Knowing the financial and structural health of the community can help you avoid unexpected special assessments, financing problems, and expensive surprises after closing.Whether you're buying your first condo, comparing a condo vs. single-family home, or trying to better understand the home buying process, this episode will help you know what questions to ask before writing an offer.✅ Are you Ready To Become A Homeowner:https://www.buyrightborrowsmart.com/quiz✅ Start your stress-free journey today:theeducatedhomebuyer.com/startTopics Covered:Condo financing requirements, buying a condo, first-time home buyer tips, Fannie Mae condo guidelines, Freddie Mac condo guidelines, HOA reserves, HOA financials, condo special assessments, non-warrantable condos, condo inspections, condo insurance, mortgage requirements, HOA documents, and the home buying process.

State Fair Season, No-Regrets Offers, and the New World of Condo FinancingDavid Wickert and Tim Holdmann kick off this episode with some Wisconsin State Fair love before diving into the real estate action heating up despite the calendar turning toward fall. Tim shares the play-by-play of helping a Wauwatosa first-time buyer navigate a multiple-offer situation—walking through the math on escalating an offer, waiving the appraisal contingency strategically, and structuring a lightning-fast financing timeline to win the deal. David follows with a story about buyers who came to Accunet after early hunting elsewhere, and how a “no regrets” offer strategy and Rock Solid Guaranteed Pre-Approval helped them beat out the competition—closing loan commitment in just three business days.The back half tackles a major shift in the mortgage world: Fannie Mae and Freddie Mac's elimination of “limited review” for condo purchases as of August 6. David and Tim break down what full review means for buyers, HOAs, and real estate agents—covering insurance requirements, reserve fund thresholds, budget scrutiny, and why some condo associations may not be ready for what's coming.Practical advice, real client stories, and a look at where condo financing is headed next—all from the team at Accunet Mortgage.

PODCAST LAS NOTICIAS CON CALLE 12 de agosto de 2026 - La reunión de Sinón el hipócrita y traidor, Norma y Thomas y quiere una tacita de café - El Nuevo Día Norma Burgo ese va a ganar 168 mil como secretaria d ela gobernación - El Nuevo Día Paro de la AAA provocado por expresiones de la gobernadora - El Nuevo Día  Le recortan 24 millones al presupuesto de la UPR Proponen darle más dinero a notarios para venta de propiedades/hipotecas, constructores advierten de aumento de precio - El Nuevo Día Si estás esperando el momento perfecto para cambiar tu compañía celular o cambiar tu teléfono, ahora es que es. T-Mobile presenta NADA DE NADA. Eliminando los costos al momento de comprar un télefono nuevo. ¿Que significa eso? Que vas a pagar $0 hoy por tu celular. NADA. En serio. Sin impuestos, sin cargos y sin pronto para clientes elegibles. Ahora es más fácil que nunca, cámbiate en solo 15 minutos en el app de T-Life y recibe tu equipo el mismo día a través de Doordash.Escoge T-Mobile y disfruta de nada con la mejor red móvil en Puerto Rico, de nada.#tmobile #incluyeauspicio DRNA va contra los pozos ilegales en el sur de PR - Primera Hora  Crisis de agua llena de llamadas de salud mental a línea Pas - Primera Hora Piden aumento al precio del café - El Vocero Plantean bajar multas por Autoexpreso de 15 a 5 - El Vocero Fortaleza se distancia de jefe de recursos naturales sobre bajar presiones de agua - El Vocero Hutíes atacan más barcos, murieron 4 miembros de tripulación lo que distancia de negociaciones con Irán - Reuters Pierden los progresistas en Wisconsin y ganaron los moderados demócratas - Fox News Corea del Norte zumba misil balístico a zona donde USA, Corea del Sur y Japón harán ejercicios militares conjuntos - Reuters El crudo Brent tocó $90 el barril el martes y solo 6 barcos cruzaron el Estrecho de Hormuz (antes de la guerra con Irán pasaban más de 130 al día).Brasil, Guyana, Venezuela y Argentina dispararon producción de petróleo, 2.5 millones de barriles diarios - Semafor Terremoto en Colombia (7.4): más de 250 muertos. PR envía equipos JD Vance pidió a Ucrania dejar de bombardear tanqueros rusos por precio de combustible - FT Panamá está cobrando más billetes que nunca por cruzar el Canal - FTRivera Schatz y Norma ponen la agenda para los próximos meses en la Legislatura - Noticel LOS DATOS DEL DÍA Brent~$88.70/barril (+0.6%) · tocó $90 intradía WTI~$84.00/barril (+1.1%) Diésel (EEUU, prom. nac.)~$5.33/galón (elevado por la guerra) Gasolina (EEUU, AAA)~$3.48/galón S&P 5007,728.20 (−0.32%) Dow Jones53,791.85 (−0.34%) Bono 10 años~4.73% Euro/USD1.1533 Gas natural (Henry Hub)~$2.87/MMBtu Hipoteca 30 años6.69% (Freddie Mac) · 6.78% (mar)

The rise of non-Agency and equity lending reflects a fundamental shift in the borrower and economic landscape: record home equity, widespread sub-5 percent mortgage rates and the lock-in effect, high consumer debt, and a growing number of mortgage-free homeowners are driving demand for equity extraction that Fannie Mae and Freddie Mac often cannot accommodate, making adaptation increasingly essential for lenders. Robbie interviews Angel Oak's Tom Hutchens on the latest from the non-QM space. And the podcast closes with why the industry's most persistent sources of value creation haven't really changed: Secondary markets reward institutions for interpreting uncertainty more effectively, investors have lacked clarity (as opposed to lacking data), and every mortgage-backed security is ultimately a collection of assumptions about borrower behavior, prepayment incentives, housing markets, labor conditions, and interest rates.Thank you to Optimal Blue. Optimal Blue's Profitability Center unifies pricing, hedge performance, pipeline activity, profitability, and market intelligence into one personalized dashboard, giving mortgage lenders faster, more complete insights to make better capital markets decisions.Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.

In this episode of Coffee & Cap Rates, Shimon Shkury, President and Founder of Ariel Property Advisors, discussed Ariel Property Advisors' Q2 2026 Multifamily Quarter in Review with Victor Sozio, Founding Partner, and Matt Swerdlow, Senior Director in Capital Services.The trio discussed the performance of the multifamily real estate market during the second quarter of 2022, including:Market Growth: The multifamily market totaled nearly $2.5 billion.Asset Class Performance:Free Market: This segment saw continued rent growth and strong investor competition. Manhattan and Brooklyn remain attractive for these types of assets.Rent Stabilized: This market faces significant struggles, with low trading volumes in outer boroughs like the Bronx, Queens, and Northern Manhattan. Factors contributing to this include a 0% rent increase, elevated interest rates and concerns regarding regulatory risks.Affordable Housing: Project-based Section 8 housing remains a premier asset class due to federal subsidies and stability. It represents about 10% of the overall transaction volume.Financing and Debt:For rent-stabilized assets, borrowers facing maturity are advised to engage lenders early to discuss potential modifications or extensions, as property values have changed significantly.Refinancing and acquisition financing remain available through agencies like Fannie Mae, Freddie Mac, and CMBS, with some deals achieving 70–75% loan-to-value ratios.Future Outlook: The speakers anticipate an active second half of the year, with a strong contract pipeline pointing toward sustained or increased transaction volume in the third and fourth quarters. Despite the challenges in the rent-stabilized sector, there is notable seller motivation to transact if debt-related issues can be resolved.Access the full report here.

Today we're talking about a change in the condominium market that has received surprisingly little attention.The question is not whether your condo is worth $300,000 or $500,000.The question is whether a buyer can get a mortgage on it.We saw this problem extensively in the wake of the 2008 financial crisis. There were condominium projects all over the country where individual owners stopped paying their mortgages. Many also stopped paying their condominium fees.As delinquencies increased, the financially healthy owners had to carry more of the burden.Fannie Mae still has rules addressing precisely this issue. Under its Full Review process, no more than 15 percent of the units can be 60 days or more delinquent on regular HOA assessments. The same 15 percent test applies to delinquency on special assessments. Fannie Mae announced in March that it is increasing the minimum replacement-reserve allocation under its Full Review process from 10 percent to 15 percent of annual budgeted assessment income. That new 15 percent standard becomes mandatory for loan applications dated January 4, 2027 or later.Fannie has also tightened the rules governing reserve studies. If an association is relying on a reserve study rather than the standard budget percentage, the lender must use the highest recommended reserve allocation in that study. The old baseline funding approach, where the reserve balance could essentially approach zero without going negative, can no longer be used to justify the exception. Those reserve-study changes became mandatory for applications dated August 3, 2026 or later.Freddie Mac has moved in the same general direction, although its current numerical budget requirement remains 10 percent rather than Fannie's announced 15 percent. Freddie has likewise eliminated use of the baseline funding methodology when a reserve study is being used as an exception. It also requires lenders to use the highest funding recommendation contained in the reserve study.Your condominium is no longer being underwritten merely as an individual piece of real estate.The lender is effectively underwriting your condominium association.--------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

The Appraiser Qualifications Board (AQB) has released its Second Exposure Draft of proposed changes to the Real Property Appraiser Qualification Criteria—and if adopted, they could reshape the future of the appraisal profession. From reducing barriers to entry to rethinking long-standing qualification requirements, these proposals have sparked plenty of conversation across the industry.In this episode, Jeff Morley joins us to break down what's actually being proposed, why the AQB believes these changes are necessary, and what they could mean for aspiring appraisers and the profession as a whole. Whether you support the proposals or have concerns, this is a conversation every appraiser should hear.See the full exposure draft here: https://appraisalfoundation.sharefile.com/public/share/web-s39712a2b1f42469b91333e7714dcf860

Mike de Vere runs Zest AI, a company that has been applying machine learning to credit underwriting for over two decades, starting with some of the largest banks on the planet and now serving a large share of the credit union market. Since his last appearance on the show three years ago, Zest has expanded well past underwriting into fraud detection and portfolio management, tied together by an intelligence layer and a generative AI companion called LuLu. Mike makes a specific argument in this conversation: machine learning still makes the credit decision, generative AI makes the feedback loop faster, and the real advantage available to community financial institutions is a willingness to pool what they know.What We CoveredZest today, from underwriting to fraud to portfolio managementWhy the intelligence layer is what makes an ecosystemStarting with Discover, Citi and Freddie Mac, then moving down marketLuLu, named after a corgi, and what she actually doesSafety and soundness as the first use case for most institutionsReplacing quarterly reports that used to take weeksPeer benchmarking versus building your own data lakeCollective intelligence across 2,000 credit models in productionWhy generative AI has no role in making the credit decisionShrinking model refit cycles from 18 months to daily evaluationZest customers versus non-customers on growth, delinquency and efficiencyCash flow underwriting, and why generic national models failZest Protect and fighting AI-powered fraud with AIThe two objections that come up most in sales conversationsTakeaways from the IQ AI Lending Forum in Santa FeKey TakeawaysThe performance gap is measurable. Comparing Zest customers to non-customers across 2024 and 2025, Mike says his customers grew 16 times faster, ran roughly 20 points lower on delinquency, and were 501 basis points better on efficiency ratio.Generative AI belongs around the credit decision, not inside it. Zest still uses supervised, locked-down machine learning models for underwriting, because a regulator will ask you to explain the decision. What generative AI changes is the speed of evaluation, from an 18-month refit cycle to daily.Comparison is where the value sits. A lender looking only at its own data lake has visibility on itself and nothing else. LuLu is built to normalize performance data across institutions so a chief lending officer's instinct can be checked against thousands of real policy instances rather than one career's worth of experience.Community lenders have a structural advantage they underuse. The credit union industry holds roughly $2.4 trillion in assets. If it acted as one institution, it would be bigger than Wells Fargo, and unlike the big banks these institutions are actually willing to share.About Mike de VereMike de Vere is the CEO of Zest AI, the AI lending technology company that has been doing machine learning in credit since well before AI became a standard fintech conference track. He came to Zest from a career in data and consumer insights, with leadership roles at J.D. Power, The Harris Poll and Nielsen. Zest now touches $5.6 trillion in assets under management, and by the end of this year expects one in three credit union members to have their consumer loans decisioned with its technology.Connect with Fintech One-on-One:Tweet me @PeterRentonConnect with me on LinkedInFind previous Fintech One-on-One episodes

Buying a condo may have just become more complicated. New mortgage rules from Fannie Mae and Freddie Mac require lenders to take a closer look at a condominium association's finances, insurance coverage, reserve funding, and building condition before many loans can be approved. In this episode, Kathy Fettke explains what changed, why regulators implemented the new rules, and what condo buyers and real estate investors should know before making their next purchase.   Get your FREE out of state investing PDF at www.Realwealth.com/FiveQuestions.   Source: https://www.fastcompany.com/91584458/new-condo-mortgage-rules-could-mean-delays-denials-and-higher-costs

Keira D'Amato is, quite plainly, one of the best long distance runners in the world today. With PRs of 15:04 for 5k all the way up to 2:19:12 for the marathon and a 10-mile American record of 51:23 in between there, she's got some of the best range of any runner on the road. She is also a 4-time national champion. However, her path to these fast times and great success has not been what you might think. A multiple time NCAA All-American coming out of college, she found only limited success in round 1 of post collegiate running between being on and off of the track due to injury. In the ensuing 8 years or so, she experienced a winding career path from being a developer at Freddie Mac and working part time in IT to running her own DJing business and becoming a realtor. It wasn't until after giving birth to her second child that she returned to running just for fun and to get in shape not knowing the journey that would be ahead. One that is outlined in her memoir: Don't Call It a Comeback: What Happened When I Stopped Chasing PRs, and Started Chasing Happiness which we discuss in this podcast. Plus, find out what Keira's favorite joke is, how she bounces back from failure, and how she's unlocked a "boss level" mental approach to racing that we can all learn from.   Follow Keira: Instagram - @keiradamato X - @KeiraDAmato Website - https://keiradamato.com/   Follow Olivia: Instagram - @obaker64 X - @obaker64   Runners Who Read - https://bookclubs.com/runners-who-read-2/join/

UAD 3.6 is coming—and preparation goes far beyond learning new forms.In this special edition episode of the Appraisal Update Podcast, Jason Covington returns as host to sit down with Chris Williams, President of AIMSdashboard and National Coordinator for the UAD 3.6 Production Incubation Initiative. They discuss how the Initiative is helping appraisers gain real-world experience before the transition. They'll explore why it was created, the benefits of getting involved, and what appraisers, lenders, and AMCs can expect as the industry moves into the UAD 3.6 era.If you want to know how to prepare for what's next, this episode is a great place to start.Go to UAD36prod.com to learn more or join the initiative.

The latest news on mortgage rates — crucial for would-be buyers and sellers — is not great. According to Freddie Mac, the average interest on a 30-year fixed-rate mortgage edged up again last week to 6.66%. That puts the cost of borrowing to buy a home at the highest level we've seen in a year. We explain what's going on. Then, Google's AI summaries are leaving many publishers searching for new ways to reach customers.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:Mortgage rates just hit a one-year highGoogle's AI search is changing who gets web traffic

The latest news on mortgage rates — crucial for would-be buyers and sellers — is not great. According to Freddie Mac, the average interest on a 30-year fixed-rate mortgage edged up again last week to 6.66%. That puts the cost of borrowing to buy a home at the highest level we've seen in a year. We explain what's going on. Then, Google's AI summaries are leaving many publishers searching for new ways to reach customers.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:Google's AI search is changing who gets web traffic

PODCAST LAS NOTICIAS CON CALLE DE 31 DE JULIO - Aunque cabildeado por Politank gobierno dice que va a cancelarle el contrato a Physician Correccional - El Vocero Viene estado de emergencia el lunes por sequía - El Vocero Zar de Energía advierte que Genera no contestó y LUMA sí contestó requerimientos de explicar daños - El Vocero Justicia dice que fue un accidente la muerte de Cotto Cartagena - Jay Fonseca PR Gobernadora dice que tiene vergüenza ajena por falta de aumento de sueldo de policías, culpa a la Junta - El Vocero En la temporada de huracanes es vital tomar medidas para asegurar nuestra tranquilidad.Si tienes dudas, llama al 787-641-7171 Todos tienen una manera diferente de prepararse para un huracán.Lo importante es que lo hagan.Auspiciado por Universal, en nuestro servicio está la diferencia.#universal #incluyeauspicio Gobernadora dice que ahora sí va contra el impuesto de inventario - El Nuevo Día Fuera presidente de la Inter luego de que la Escuela de Optometría perder acreditación - El Nuevo Día 5800 maestros siguen esperando pagos de carrera magisterial - El Nuevo Día Fox News reporta asesinatos horrible en PR y familia busca ayuda para hacer investigación privada - El Nuevo Día  Científico boricua logra que asteroide lleve su nombre por sus logros de astronomía - El Nuevo Día Farmacéuticas ya casi no crean empleos - El Nuevo Día Múltiples muertos en zona española de Marruecos La guerra EEUU-Irán se expande — primer ataque con dron en Egipto (puerto de Damietta). Petróleo +20% en julio - Bloomberg Venezuela no se la pone fácil a empresas americanas para sacar petróleo donde ellas entienden que hay más billete - WSJTrump plantea acuerdo de paz con Hamas e Israel, Congreso no logra frenar guerra de Irán - Axios Google seca a los medios (−34% de tráfico). Afecta la supervivencia del periodismo local - Bloomberg LOS DATOS DEL DÍA (cierre 30 julio 2026) Brent~$90.04/barril (−0.8%) WTI~$83.89/barril · +20% en julio Diésel EEUU (retail)$5.31/galón S&P 5007,437.64 (+1.7%) Dow Jones52,208.06 (+1.2%) Bono 10 años4.69% Bono 30 años~5.24% (máx. desde 2007) Gas natural (Henry Hub)~$3.29/MMBtu Hipoteca 30 años6.66% (Freddie Mac

Nearly 50% of mortgages in the U.S. flow through Fannie Mae or Freddie Mac—but a push from the Trump Administration could sell shares of these government enterprises and put them in the hands of the public. The side effects could be significant to those getting or refinancing a mortgage—from interest rates to regulations.  Fannie Mae and Freddie Mac alone take up about half of the mortgage market. The reason you can get a 30-year loan, a lower interest rate, and do it all with standardized regulations is largely thanks to Fannie Mae and Freddie Mac. So, if these enterprises are sold on the private market with Freddie Mac and Fannie Mae IPO-ing, would it put so much privatized pressure on the mortgage market that it could begin to break? Today, we're getting into the major consequences from a sale of Fannie and Freddie—currently owned almost entirely by the government. With a $250B payday sitting in limbo, the government could be pushed to sell off the enterprises that enabled average Americans to buy houses. The question is, should it even happen? In This Episode We Cover The Fannie Mae and Freddie Mac IPO possibilities and the side effects it would have on mortgage rates and regulations  Why the government took over Fannie and Freddie and whether re-privatizing them will encourage these enterprises to do anything to profit The massive payday that could come out of a selective sale of Fannie and Freddie Pros and cons of a sale going through and whether Dave thinks it's a smart idea And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets Sign Up for the Investor Brief Newsletter Find Investor-Friendly Lenders How Privatizing Fannie Mae and Freddie Mac Could Have Seismic Impacts On Real Estate Dave's BiggerPockets Profile Grab Dave's Book, Real Estate by the Numbers Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and https://www.biggerpockets.com/blog/on-the-market-447. Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

The profitability of Fannie Mae and Freddie Mac are the opening topic on today's podcast. Plus, Robbie interviews ALTA's Chris Morton on first-quarter title insurance premiums, and the industry's preventative role in resolving title defects before closing as a form of reducing long-term underwriting risk. And we close with the how markets are reacting to the Fed holding rates steady and Chair Warsh's lack of information given during his news conference.Sponsored by Experian Verify, which provides mortgage lenders with automated income, employment, identity, and asset verification solutions that help accelerate underwriting while reducing fraud risk and manual documentation.The Chrisman Commentary is your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.

PODCAST LAS NOTICIAS CON CALLE DE 28 DE JULIO - 1200 millones menos entre fondos federales y presupuesto de PR para el próximo año fiscal - El Vocero Trump dice estar impresionado con Zelesnky y su capacidad militar - WSJHoy se reúne Trump con Netanyahu en la visita del primer ministro - NYTLa Fed decide mañana: ¿y si SUBE las tasas?Un momento para WindMar Home — la empresa con más de 20 años protegiendo los hogares puertorriqueños.Solar para bajar tu factura. Techo para proteger tu inversión. Agua para que nunca te quedes sin — especialmente con las sequías que se aproximan. Y batería para total independencia energética.Todo bajo una misma empresa. Un solo llamado. Llama al 787-489-1155 o visita windmarhome.comWindMar Home — los que se preparan hoy , duermen tranquilos mañana.#incluyeauspicio#windmarhome  Trump va a la Corte Suprema para impedir el voto por correo - CNNRacionamiento inminente en Carraízo y sus clientes - El Vocero Investigan casos de hospital por agua asquerosa - Primera Hora CRIM busca dueños de 55 mil propiedades que no aparecen - El Nuevo Dia Fonalledas apoyan a Jenniffer y dice que le dan la bienvenida a las primarias - El Vocero Alegan que Cosculluela llamó a joven para amenazarla por estar con otros tipos y la amenazó con matar a su familia - El Vocero Viva la ley de plásticos de un solo uso y todavía investigan si la van a implementar o no - El Vocero No sabemos qué hacer con el sargazo en PR - Primera Hora Alcaldes defienden cobro de impuestos a fondos federales - El Nuevo Día Menos protección para animales en peligro de extinción - El Nuevo Día No cuadran los números del fondo de desempleo, aparenta haber montones de fraudes - El Nuevo Día Entidades falsas creando estudiantes fatuos para cobrar becas Pell - El Nuevo Día Juramenta nueva presidenta hoy en Perú. Keiko Fujimori y la derecha conquista Latinoamérica - El Nuevo Día Trump quiere que MAHA le meta mano a eliminar las vacunas para niños - WSJEl SAVE Act no tiene los 60 votos, Trump exige aprobarlo sí o sí - Punchbowl News PR importó $3,254 millones en genéricos en 2025, por lo que los aranceles le darán oportunidad y tumbe a la vez -  LOS DATOS DEL DÍA (cierre lunes 27 jul) Brent≈ $83/barril · cae fuerte por pausa Irán-EEUU Diésel (retail EEUU)a la baja siguiendo al crudo (dato aprox.) S&P 5007,413.18 · +0.02% Dow Jones52,210.08 · +0.51% Nasdaq24,932.08 · -0.18% Bono 10 años≈ 4.65% Euro/USD1.1397 Gas natural$2.72/MMBtu · -1.75% Hipoteca 30 años6.58% (Freddie Mac) / ~6.75% (Bankrate)

P.M. Edition for July 23. The U.S. plans to impose new tariffs on most trade partners, replacing President Trump's temporary global 10% tariff. Plus, the threat of escalating conflict in the Middle East drove oil prices over $100, and concerns around higher inflation made bond yields surge. WSJ markets reporter Sam Goldfarb discusses how that ripples through the economy. Meanwhile, heavy AI spending from Alphabet and Tesla spooked investors, and the Nasdaq dropped more than 2%. And after IBM issued a rare profit warning last week, the company's earnings shed more light on what went wrong. We hear from reporter Anissa Gardizy about where its business goes from here, while tech columnist Christopher Mims spoke with IBM CEO Arvind Krishna. Alex Ossola hosts. Correction: New U.S. tariffs target 60 economies, or more than 80 countries. An earlier version of this podcast incorrectly said the tariffs target 60 countries. (Corrected on July 24.) Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

PODCAST LAS NOTICIAS CON CALLE DE 20 DE JULIO -  Reunión emergencia entre JGo y su equipo de Fortaleza durante el día de hoy - WUNO Avería en Costa sur por dos semanas deja en problemas sistema energético - Primera Hora Petróleo se trepó otra vez a un mes tras ataques y muertes de soldados - Oil Price Rusia disparó misiles balísticos como no había hecho desde el comienzo de la guerra en la capital - AlJazeera 71% de boricuas de la diáspora favorece la estadidad según encuesta, 68% de los hispanos en general - El Diario NY Alegan que Mamdani considera arrestar a Netanyahu cuando vaya a New York este año - NYPost MMM hoy voy pa Martins BBQEl mejor y más sabroso pollo asado a la varita de Puerto Rico. Cocinando diariamente comida fresca saludable y sabrosa con un montón de complementos para escoger, arroces, habichuelas, verduras, mofongo,tostones,....MMMM....Esto si es criolloMartins BBQ, TOMANDO todas las medidas de salud y sabor para mantener la mesa boricua al dia con opciones para llamar, recoger o delivery por UBER Eats, y DoorDash.MMM Hoy como en Martin's BBQAsado...Jugoso...Sabroso#martinsbbq#incluyeauspicioSe dobla la cantidad de fondos Medicaid - El Vocero Josué Colón responsabiliza a LUMA por fallas de Genera - El Vocero Yovngchimi pide le devuelvan la cadera de oro - El Vocero Cuesta 40 millones evitar la erosión para que caiga el Paseo Lineal de Puerta de Tierra - El Vocero Pablo José propone enmendar la Constitución para referendo revocatorio, segunda vuelta y elecciones por posiciones - Primera Hora Mujer perdió 1,300 billetes por ayudar a Keanu Reeves, sujeto muere por desafío de aguantar respiración bajo el agua, caen varios con rentas de casas de lujo con depósito inmediato - Primera Hora Contrato de generación temporera vuelve a la negociación - El Nuevo Día GENERA podría ser multada por no acabar de poner la generación temporera que lleva casi dos años de atraso - El Nuevo Día Todavía hay problemas de plomo en residencial en Vega Baja - El Nuevo Día Junta culpa a AAFAF por falta de arreglar sistema de energía por fondo rotatorio no tener reglamento, AAFAF culpa a LUMA - El Nuevo Día Sigue inoperante hospital de Vieques y muere ciclista por falta de llegar equipos - El Nuevo Día Cancelacion de destaques en venganza dice Rivera Schatz - El Nuevo Día Junta advierte que hay 20 millones asignados a alcaldes por Legislatura - Metro Mafia institucional en Hacienda no logró nada en PR, pero sí casos federales - Noticel El petróleo Brent rompió los $90 y la gasolina en EEUU regresó sobre $4/galónLOS DATOS DEL DÍA (cierre viernes 17 jul — los mercados de EEUU no abren fin de semana)Brent$88.10/barril (+4.6% vie) · rompió $90 el fin de semanaWTI~$82/barrilDiésel PR (retail)~$1.23–$1.32/litro (DACO, 18 jul)Gasolina PR (regular)~$1.05–$1.10/litroS&P 5007,457.69 (−1.0%)Dow Jones52,146.42 (−0.8%, −406 pts)Nasdaq25,520.24 (−1.4%)Bono 10 años4.55%Euro/USD1.1440Gas natural$2.91/MMBtuHipoteca 30 años6.55% (Freddie Mac)

PODCAST LAS NOTICIAS CON CALLE DE 13 DE JULIO - Dos muertes violentas por día ocurren en PR - El Nuevo Día Gobierno de PR anuncia que lograron fondos para extender tren urbano hasta aeropuerto - El Nuevo Día Juan Dalmau vuelve a correr para la gobernación, dice tiene alianza más grande que la anterior - El Nuevo Día Expertos dicen que VSJ podría perder protección de la UNESCO por proyectos de reconstrucción de zona - El Vocero Videos de agresores sexuales españoles contra 2 jóvenes boricuas - El Vocero Gobernadora confía en Francisco Domenech - El Nuevo Día El mejor y más sabroso pollo asado a la varita de Puerto Rico. Cocinando diariamente comida fresca saludable y sabrosa con un montón de complementos para escoger, arroces, habichuelas, verduras, mofongo,tostones,....MMMM....Esto si es criolloMartins BBQ, TOMANDO todas las medidas de salud y sabor para mantener la mesa boricua al dia con opciones para llamar, recoger o delivery por UBER Eats, y DoorDash.MMM Hoy como en Martin's BBQAsado...Jugoso...Sabroso#martisbbq#incluyeauspicio AAA encuentra 5 averías adicionales al sistema de agua en San Juan - El Vocero 110 días sin agua en Santurce, les llegó y volvió a irse el domingo - El Nuevo Día Cancelan licencia a centro de cuidado que llevó en ritual a viejita al sótano - WAPA Hasta el 2027 no sabremos si los federales nos van a dar dinero de Medicaid - El Nuevo Día Se murió Lindsey Graham quiera era un defensor total de Israel, Ucrania, contra Irán y contra estadidad de PR - NYT Condómines cambian seguros a nivel individual de full valué a bare wall - El Vocero Dejan un año preso a joven que obviamente es paciente de salud mental - El Nuevo Día 141 viviendas dejadas a su suerte en Ceiba aunque están en buen estado, pleito en los tribunales - El Nuevo Dia Alcaldes van a Washington a pelear porque los costos ahora son más altos de los fondos asignados antes - El Vocero Tratamiento boricua disminuye el progreso del cáncer de mama - El Nuevo Día 88% de las playas tienen obstáculos de entrada en el oeste - El Nuevo Día Comunidades de PR no están listas para un evento catastrófico - Primera HoraHan muerto sobre 10 mil personas más de lo normal en Europa por exceso de calor - Reuters Van a reembolsarle gastos obstétricos a médicos tras nacimientos de bebés para evitar mortalidad infantil elevada en USA - Axios La mayoría quiere que se obligue a presentar prueba de ciudadanía para poder votar en USA - SemaforEvalúan el impacto económico de cierre de colegios en PR - El Vocero Hijos de Trump invirtieron en empresas que luego obtuvieron 3 billones en contratos con el gobierno - Washington Post Marco Rubio es el verdadero líder de Venezuela y el verdadero gobierno lo corre Estado de USA - NYT La mega demanda de Apple contra ChatGPT por robo de secretos de negocios - Semafor  LOS DATOS DEL DÍA (cierre viernes 10 jul; mercados EEUU cerrados sáb/dom) Brent~$76 (cierre vie) → ~$79-80 fin de semana (+~4%) Diésel/gasolina PRpresión al alza (DACO, datos 3 jul; monitorear) S&P 5007,575.39 (+0.42%) Dow Jones52,637.01 (+0.29%) Bono 10 años4.56% Euro/USD1.143 Gas natural$3.07/MMBtu Hipoteca 30 años6.49% (Freddie Mac) / ~6.72% diario

Episode 661 Ready to bring more value to your real estate agent relationships? Visit MMADemo.com to see how our National Agent Mastermind gives members a proven reason to start more conversations every month. Welcome to Loan Officer Freedom, the #1 podcast in the country for loan officers, hosted by Carl White. In this episode, Carl White sits down with Jim Reed to unpack a surprising Freddie Mac statistic that challenges one of the biggest myths circulating in the mortgage industry today. While some claim that building relationships with real estate agents is no longer necessary, Carl explains why the data tells a completely different story and why the highest producing loan officers continue to prioritize agent partnerships. Carl and Jim discuss how 76% of buyers use the lender recommended by their real estate agent, and why that number jumps to an incredible 87% among top producing agents. They explain why chasing shortcuts and avoiding agent outreach often leads loan officers toward lower quality lead sources, while consistent relationship building continues to produce the strongest long-term results. Throughout the conversation, they break down the simple math behind building a six figure increase in annual income by consistently reaching out to qualified real estate agents. Carl shares practical prospecting benchmarks, explains the importance of setting realistic expectations using the proven "10-3-1" sales framework, and shows why one meaningful conversation a day can completely transform a loan officer's business over time. They also discuss how successful meetings with referral partners are built around curiosity instead of sales pitches, why asking thoughtful questions creates stronger relationships, and why authentic conversations consistently outperform polished presentations. Along the way, Carl introduces a collection of his favorite relationship-building questions that have helped him connect with referral partners for decades. If you've ever wondered whether pursuing real estate agent relationships is still worth your time, this episode delivers practical data, proven strategies, and a clear roadmap for building referral partnerships that generate more conversations, more referrals, and more loans.