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LCHorn

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Everything posted by LCHorn

  1. If PennyMac is putting you in the Four Seasons then they are likely going to be also spending money on food (not such a plus for you at the moment) and devoting the kind of energy overall that attendees go back home and talk about it. Tim Braheem (buds with Barry along with the principal in his own coaching co)makes the Four Seasons/Disney level of service a big part of his methodology for how mortgage firms need to upgrade their service. Potentially more useful to you (not sure how much networking you’re doing outside of NE Houston) is the opportunity to establish peer relationships with other originators that aren’t in your market (because they aren’t competitors they are usually more open to sharing best practices). It’s pretty amazing to see how some shops innovate on basic shit and you’ll have some “I can’t believe I didn’t think of that” moments, not because the idea is that novel but just because our industry is still predominated by originators who call their realtors on the same day every week asking “how you doing, man? Got any buyers for me?”.
  2. If he didn’t charge you a Sooner tax then he was really feeling generous.
  3. Two thoughts; one, I'm looking at their website and there are red flags all over the place (in an effort to summarize I'll just state their leadership doesn't appear to have survived a down-market previously), two, lots of banks and lenders are surveying their existing sources of money and wondering whether they can push the "I'm going to have to eat this shit sandwich" down the road or if it's just better to eat it now. The fact they are willing to cut a check on 4/1 is at least something positive; even in good times, the Zeus Lendings of the world go through cycles where they are flush with cash (as project conclude or they have investors that want to put their money to work) and times when they are illiquid. Right now everyone that isn't a depository institution is counting every penny. If your project isn't going to be done in the next 30 days I'd definitely be interviewing hard money or community bank options as a back-up.
  4. I still think Houston's drivers are, on average, in a whole 'nother league of driving skill than Austin. If there's anything other than clear skies here it's absolute chaos and the only thing that keeps our fatalities statistics out of the headlines is the congestion.
  5. I've pushed a stroller downtown probably 45 Saturdays a year for the past six years carrying one kid or the other. On the other hand, I'm not a mother.
  6. Crowe responded to that tweet and was very cordial while praising the film and director-no phone throwing at all.
  7. 25 bps and MBS went from +18 to +62 in four minutes.
  8. It’s been awhile, but I’ve originated multiple loans for single male engineers (always Indian) that prefer to owner occupy a West campus condo to something north more proximate to Apple and adults. I wonder how that works out for them…
  9. LCHorn

    brunch

    I’d like sour duck a lot more if they weren’t out of most of their pastries by 11 am on normal weekend. It’s like they only pretend to be a bakery. Their best attribute is modestly priced cocktails.
  10. Houston’s light rail is pretty sweet in the areas it services.
  11. Reddick looked like he stopped aging at 35.
  12. What’s the verdict? Love the concept.
  13. You work with a lot of self employed people? Haha, bear in mind when this is translated into lender it reads as “I exploit every deduction and tax loophole I possibly can and now I don’t have enough on-paper income to support the sales price of my project.”
  14. Correct me if I’m wrong but the bottom 4 teams have the same lottery odds, right? Why would it be better to suck worse than Detroit?
  15. Seconded, what’s all the “Commander’s Palace on Friday” bullshit? Friday lunch at Galatoire’s is unmissable.
  16. Not picking on @Wulaw Horn but I think it's worth pointing out the date on that link and at least some of those are no longer available (have you heard we've had a lot of drama in our industry in the last year? There's more to come as banks start to fail). Northpointe and Huntington have shuttered their physician loan programs (or told us they did), Amplify isn't making first liens period (and I don't think they had a physician loan to begin with but were probably happy to call their regular jumbos "physician specials" if it marketed them better. If you've purchase a house before you probably don't need them, anyway. They are most useful to fresh out of medical school doctors that want to spend more than their student loan debt and credit history would normally allow.
  17. My old joke about East 7th was that it might have been a rough HEB, they really knew their customer base. Lots of selection in the dried chili section and half the beer case was Bud Light.
  18. Ooh, that's false--183 and Spicewood doesn't have the store bakery made tortillas. Likely because their clientele is 70% Asian but still... My vote for shittiest (after Rundberg) would be E. 7th but it's been a few years since I've been and they may have upgraded.
  19. Currently in Oaxaca so this hits close to my mole…
  20. Apple’s really is terrible and kind of a weird result when so much of their value comes from cultivating a particular experience.
  21. That article is terrific and very much in line with a recent Ezra Klein podcast about how Google search has deteriorated (although I think the thesis of the podcast was that the internet as a whole has gotten more useless and Google search somewhat reflects that). Thank you for sharing it @Chopper
  22. I like it even better when he talks about drinking mezcal with Pancho Villa and Teddy Roosevelt.
  23. Maybe @BearSchlong has some insight into how this is 4D chess being played by a real Texan, like this is preferable to a property tax reduction for Anglo Baptists being proposed by Dan Patrick or something.
  24. LCHorn

    Burgers

    I’ll echo this, they’ve really become inconsistent.
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