Insurance, Compliance, Retention, Energy Mortgage Products; Mergers Continue; Lock Renegotiation Time?

Some argue that “March 4th” is the only date that is also a command (march forth), while others disagree and say that any date in March is also a command. Some things aren’t always clear. In a more important matter, U.S. Commerce Secretary Howard Lutnick said he would strip out government spending from the gross domestic product (GDP) report, but gave no indication how soon this change might happen, while dismissing fears of a possible recession. Treasury Secretary Scott Bessent is confident that inflation will reach the Federal Reserve’s 2 percent target. “I would expect that very quickly we will be down to the Fed’s 2 percent target,” Bessent said. “So, I’m expecting inflation to continue dropping over the year.” Investors are increasingly positioning against the dollar, citing signs of a cooling US economy and potential damage from President Donald Trump’s tariff plans. While the dollar recently surged following tariff announcements, market expectations for Federal Reserve rate cuts have grown, diminishing the dollar’s appeal. Meanwhile, lenders are continuing to look at technology, and today’s 2PM ET Advisory Angle with the STRATMOR Group focuses on AI: All Aboard the AI Train: A Practical Roadmap for Lenders. (Today’s podcast can be found here and sponsored by Floify. Floify is an easy-to-configure point-of-sale platform that allows each branch or loan officer to customize its look and feel to meet the needs of their lending team, homebuyers, and market. Hear an interview with HomeVision’s Vincent Chu on how AI-driven underwriting solutions can be both effective and safe for lenders.)