“Wi-Fi outages are the new snow days!” Without the internet or cable, would we return to relying on newspapers, radios, and network channels for news? News has certainly spread that Senate Amendment 2358, aimed at cutting back abusive mortgage trigger leads, was unfortunately deleted yesterday from the NDAA FY 2025. (It was attached to the National Defense Authorization Act.) For a while it was an expectation, just as the Fed’s next move is an expectation… but a Fed cut is priced into the market. Your clients should know that if the Federal Open Market Committee actually does reduce the overnight federal funds rate by 25 bps at its upcoming meeting on December 17–18, it is likely that mortgage rates won’t move. But the good news is that economists do not think the labor market is positioned to be a source of inflationary pressure headed into 2025. (Today’s podcast can be found here and this week’s podcasts are sponsored by Bundle, the attorney-prepared legal documents company that is dedicated to the real estate, mortgage, and title industry. Save 20 percent all week with the code “Chrisman.” Hear an interview with Optimal Blue’s Jim Glennon on what his hedging clients are paying attention to as we close out 2024 and move into 2025.) Lender and Broker Software, Services, and Products Is your LOS investment averaging a 5:1 return? To combat today’s tight margins and high operating costs, lenders are focusing on new ways to drive efficiency and profitability. ICE recently partnered with independent market research firm MarketWise Advisors, LLC to evaluate the financial impact of the Encompass® platform on its clients. Download the full summary of their comprehensive study to explore the significant ROI and cost-saving benefits the platform provides.