Posted To: Pipeline Press

Out in California and parts of the West it’s “hotter than Satan’s house cat.” California is once again having rolling power outages, and an opinion piece by the ex-CEO of Wells Fargo doesn’t paint an improving picture on the financial side of things. (Susan Milazzo, the CEO of the California MBA, is also following a potential new California consumer watchdog group.) There isn’t a lot of wonderful news anywhere, frankly, which experienced loan originators know points to continued low rates. But too much of a “good” thing isn’t good. Lyft reported dramatic drops in riders and revenue in the 2 nd quarter, both falling more than half, and Uber ride bookings were down over 70 percent from the previous quarter, and TSA airport screening numbers…(read more)

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Source: Mortgage News Daily