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Wulaw Horn

Burnt Ends
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Everything posted by Wulaw Horn

  1. Work with a couple agents at the 1.5-2M price point occasionally. 50+ percent of their deals are cash. Anecdotal, but yeah/ less rate sensitive the higher you get.
  2. For sure. Had 2 that weren’t locked and just too exposed. the bad news is I was going to roll my entire October pipeline (5 loans but still) into a refinance after the 6 payments had been made. This 1/4 point loss doesn’t help that. Not all the doors I’ve been knocking on. It’s not really about the lousy day it’s about putting a nail in the idea of a Refiance boom this summer/fall. Looking like winter at earliest. that means a bigger boom later with less originators around to share it, the philosophical side of me says, but most of me is like fuck that shit- let’s do this now.
  3. That’s a kind reaction compared to the 10 year and the mbs market.
  4. The good news is it’s probably not a hard fix and you just call up Loperfido in May/June if it doesn’t fix itself. Probably.
  5. No doubt. 58% of the people that started 1/1/2022 are gone.
  6. Last year through April I’d closed 10 des. This year through April I will be at 40. There’s absolutely nothing helpful about what’s happening though, other than people are being jettisoned out of the market as far as originators go. Hope to hold onto- if you can make it through this (and it will turn at some time) it’s going to be fucking glorious on the other side.
  7. Ha. Mbs market down 53. Wonder if we will be down 100 today? Burn baby burn.
  8. Inflation come in super hot today? I had 2 deals not locked ( not mine but my mentees) because we were waiting on her cup points so I assume today we will lose about 50 in the mbs market. rise and shine originators and people looking to buy a home- it’s time for your daily kick to the junk!
  9. For sure, except I'm building, not buying. Ah. Missed that part. Carry on.
  10. This shit is not helping me with my effort to move. Here's to 2025 cuts! Buy now when you can get a deal. Get a free 1/0 buy down. Ask the sellers for a 2/1 buy down. Refinance later. Boom.
  11. Game ball to the guy who got the first out of his MLB career (maybe the last out) tonight in a winning effort. let’s win again tomorrow. 3 games is a streak fellas.
  12. This isn’t what we have on the farm. This is the guy in AAA who happened to be on full rest at the last possible minute.
  13. I’m rooting for him to give up like 10 runs here with no outs. Let’s become a trivia question kid.
  14. Holy fuck I was expecting bad and it’s so much worse than that.
  15. The moment right before he shit the bed man. When all the world was a possibility.
  16. There’s a good chance this kid doesn’t record a single out.
  17. Still I love Major League Baseball debut stories. Never be able to take this moment away from him.
  18. Get your shit together people. We are going to be fine. yall sound like andrew on my text message threads.
  19. Which is funny because here is the ops+ around the diamond for the astros regulars: Diaz- 152 Abreu- -36 (yikes!) Altuve- 227 Pena- 160 Bregman- 50 Mccormick- 103 Meyers- 150 Tucker- 137 Alvarez- 147 Total- 117. Abreu won't stay this bad. Bregman won't stay this bad. Altuve and Pena and Meyers won't stay this good. Everything else looks about right to me- alvarez and tucker get a little better, probably chas as well, diaz a little worse- but at the end of the day this team is going to end up with an ops about 20% better than the league, which is where we are at right now, which is going to mean we are a top 5 type team in runs scored. Our sequencing has sucked so far- that's about all there is to it. That stuff happens in a 10 game sample size- it's not a big deal at all. Last night we got the sequencing right and we won because of it (that and good pitching).
  20. The entire basis of this lawsuit is utter nonsense. UWM says not us if you want to be with Rocket or Fairway. Rocket is a bunch of shitheads that treat my client like their client and would just as soon slice my throat as help me out in any way. And yet still- with all this awful steering screwing customers out of Billions or trillions or whatever nonsense they claim I have 87 different lenders I can take a loan to, my typical customer pays zero points, gets a rate 3/8 of a point less than national average, and the wholesale channel- even with bullshit TPO fees that have zero basis in fact or reality that get charged to people in that channel come in $9800 less, on average, than retail. Again, I don't even particularly like UWM, but they are the consumers best friend in the industry with absurdly fast close times, they solved the appraisal problem that plagued so many of us during covid, and all sorts of other stuff, all at a price consistently less than retail. Gilbert can fuck off and I hope whatever shit bag lawyer filing this class action suit gets fake cancer and fake dies and needs a wreath fund. But yeah- this is also an amusing aspect of the whole thing. Helen of Troy wasn't responsible for stirring up this much shit.
  21. Ronel Blanco is the greatest pitcher ever. Thanks Luhnow.
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