RICHLAND TWP., Pa. – Eagles, Flyers, 76ers and Phillies fans will soon have a new spot to score jerseys, hats and other fan gear in upper Bucks County.
Rally House, a specialty sports store chain offering an expansive selection of apparel, gifts, home decor and other types of merchandise representing local NCAA, NFL, NBA, MLB, NFL and MLS teams, is planning to open a new location in a few months at 244 N. West End Blvd. in Richland Township.
The new store will fill the space previously occupied by Tuesday Morning, a home goods retailer, in the Trainer’s Corner shopping center, just outside Quakertown.
“We are opening a new Rally House location in Quakertown and excited to get it open to residents and fans,” stated Colin Novick, Rally House’s media and production manager. “We are aiming to have this store open in early spring in April.”
Rally House traces its origins to 1989, when Tim and Mabel “Peg” Liebert started “Mabel’s Kitchen,” a catalog featuring Kansas-related apparel, gifts and other merchandise.
Mabel’s Kitchen evolved into another business, “Kansas Sampler,” which featured five Kansas City area stores selling Kansas Jayhawks, Kansas State Wildcats, Kansas City Chiefs and Kansas City Royals gear.
The company experienced great success, and the Lieberts eventually decided to expand the business to other markets under the “Rally House” name in 2008, according to a company description.
Today, Rally House has more than 180 locations across 18 states. The new Quakertown area store will supplement more than a dozen other regional locations, including a Lehigh Valley shop in Lower Macungie Township, two other Bucks County stores and several locations in Montgomery County.
Rally House stays true to its roots by providing “an impeccable selection of local and team-related apparel and gifts, including exclusive designs available only at Rally House,” according to the company’s website.
Regional stores offer a wide array of merchandise, including clothing, blankets, glassware and signs, featuring logos and designs of Philadelphia and surrounding area teams.
Customers at the Lehigh Valley store, for example, can shop plenty of Philadelphia Eagles, Flyers, 76ers and Phillies items, along with merchandise showcasing designs of various regional universities, including Lehigh, Kutztown, Penn State, Temple, Villanova, Drexel, St. Joseph’s and West Chester.
Other area sports teams, including Lehigh Valley IronPigs and Philadelphia Union, are also represented.
Philadelphia area teams are primarily featured, but there is also a selection of merchandise featuring other popular teams such as the New York Yankees, Pittsburgh Steelers and New York Giants.
Customers can browse apparel such as T-shirts, sweatshirts, coats and shorts, along with footwear and fashion accessories such as slippers, hats, scarves and jewelry.
A wide variety of other gifts and home décor include items such as glassware, coasters, garden gnomes and flags, foam fingers, stuffed animals, keychains, pens, pennants, ornaments, cornhole boards, trash cans, calendars and umbrellas.
“Much like each person, no two Rally House stores are identical,” a message on the company’s website reads.
“They each carry merchandise customized and tailored to the specific collegiate and professional teams in that area. In additional to team apparel, Rally House offers a wide selection of local styles. This includes our very own exclusive line of RALLY Brand™ merchandise. The same items we have in our stores can also be found online at any time. We want to make things as easy and seamless as possible for fans who want to show their unique team spirit, regardless of wherever they live or shop.”
In addition to selling items relating to local sports teams, Rally House also works in conjunction with local sports stars and celebrities. These partnerships manifest themselves in the form of ticket giveaways, autograph sessions, radio remote contests and meet-and-greet events.
For the latest Rally House updates, follow the business’ pages on Facebook and Instagram. Info: rallyhouse.com.
Allentown updates
New Wawa could take Brass Rail’s spot next to Sheetz
ALLENTOWN, Pa. – The Allentown Planning Commission discussed a preliminary/final land development plan for a proposed Wawa convenience store Tuesday afternoon at city hall.
The proposal is offered for 3015 Lehigh St., the site of the former Brass Rail property. The plan involves consolidating two of the three existing lots, demolishing existing features on the consolidated lot and constructing the convenience store.
Should the proposed Wawa come to fruition, it would operate about 100 yards away from a Sheetz convenience store and gas station. Sheetz opened in August 2023 at the southeast corner of Lehigh Street and 29th Street, near Auto Zone. Additional nearby convenience stores and gas stations include a Turkey Hill on the other side of Sheetz and another Wawa about a mile north on Lehigh Street. Full story here.
Downtown Allentown Market welcomes new food vendor, says goodbye to another
ALLENTOWN, Pa. – The new year is bringing more changes to the Downtown Allentown Market, with one food vendor recently setting up shop and another bidding farewell.
Joining the 27 N. Seventh St. market is Randevoo, offering a twist on traditional Asian fusion cuisine.
Randevoo held a soft opening on Jan. 5 in space that was previously occupied by two other Asian concepts, Shinsen and Honmono Sushi, the latter of which closed in June following the owner’s move to Florida. Read more here.
Lower Macungie news
Lower Macungie planners recommend approval for Topgolf
L. MACUNGIE TWP., Pa. – The Lower Macungie Township Planning Commission recommend approval of a preliminary/final plan of an open-air entertainment facility Tuesday night at the administration building.
The plan, offered by Jaindl Land Co., involves the proposed Topgolf facility at the Lehigh Valley Town Center, slated for 361 Schantz Road and 4511 Cedarbrook Road. The proposed Topgolf and Town Center have already received conditional use approval.
Tuesday night’s recommendation involved the Topgolf facility, which includes a 72-bay golf driving range with a two-story, 20,460-square-foot building and associated parking on 11.5 acres within the Lehigh Valley Town Center. Topgolf will have site access from a private drive in association with the Town Center development. Read more.
New Lehigh County car wash to open later this month, joining 2 sister locations
LOWER MACUNGIE TWP., Pa. – Drivers looking to keep their vehicles in tip-top shape will soon have a new car wash to frequent in the Lehigh Valley.
The Car Wash on Hamilton, committed to providing customers with a “seamless and efficient car wash experience,” is expected to open by the end of January at 6794 Hamilton Blvd. in Lower Macungie Township.
The newly constructed car wash, totaling around 4,000 square feet, will supplement two sister locations: The Car Wash on Broadway, which opened in 2015 at 4540 Broadway in South Whitehall Township, and The Car Wash on West Main, which opened in October at 200 W. Main St. in Macungie. Full story here.
Bethlehem area buzz
Bethlehem restaurant closes, but owners continuing to serve customers via food trailers
BETHLEHEM, Pa. – The owners of a Bethlehem restaurant, serving up burgers, ice cream and more, have closed their eatery to focus on mobile operations.
Husband and wife Norman and Jill Matthews of Bangor have decided to shutter their 3.5-year-old south Bethlehem eatery, Dinky’s Ice Cream Parlor & Grill, and transition to a “completely mobile” business model, according to a post on Dinky’s Facebook page.
“That means we have two trailers, one that is just purely ice cream and the other is a food/ice cream truck,” they announced on the business’ Facebook page. “We will be going to different events, fairs, parties, food truck gatherings and hopefully breweries in the in the surrounding areas. Then we can get caught up with our loyal customers. Read more here.
Family-run restaurant rebrands with new name, look in Bethlehem
BETHLEHEM, Pa. – A popular fast-casual eatery, serving “gourmet quality comfort food,” is kicking off the new year with some changes in Northampton County.
Hummus House, a family-run restaurant known for its fresh sandwiches, salads, wraps and more, has rebranded to HandHeldz at 518 E. Third St. on Bethlehem’s South Side.
New signage was installed on Monday, and the business’ first day as HandHeldz was on Tuesday. Read more.
New expansive facility offers prime training space for athletes, teams in Northampton County
BETHLEHEM TWP., Pa. – A new indoor training facility is helping sports teams, clubs and athletes stay at the top of their game in the Lehigh Valley.
Powerballers Athletic Center, offering year-round training opportunities and a top-tier environment where youth and individuals of all ages can passionately pursue and enjoy their sport, opened in late November at 2550 Brodhead Road in Bethlehem Township.
The 14,000-square-foot facility features 10,000 square feet of flexible turf space, over 1,200 square feet of strength training space, batting cages, certified coaches and a climate-controlled environment. Full story here.
Expanding businesses
HiJinx Brewing Company to bring ‘fun and friendly’ vibe to 2nd Lehigh Valley location
A popular Allentown brewery is expanding its footprint in Lehigh County.
HiJinx Brewing Company, producing a wide array of craft beers that include IPAs, pilsners, porters and stouts, on Thursday announced plans to open an additional location at Sports Factory of the Lehigh Valley, 6616 Ruppsville Road, Upper Macungie Township.
The new location will supplement HiJinx’s original taproom and production facility, a 4,000-square-foot venue that opened in 2014 at the Allentown Economic Development Corporation’s Bridgeworks Enterprise Center, 905 Harrison St., Allentown. The brewery is in Suite 111. Read more here.
A-Treat Birch Beer expands as a fountain soda option at more Lehigh Valley restaurants
A month after announcing a partnership with Lehigh Valley hot dog shop chain Yocco’s, Jaindl Beverage Company – owner of A-Treat soda brand – has announced more local venues carrying A-Treat soda on tap.
In addition to being served at all five Yocco’s locations, A-Treat Birch Beer is now available as a fountain drink at Westside Grill in Upper Macungie Township, Wild Turkey Grill (at The Club at Twin Lakes) in North Whitehall Township and Moselem Springs Golf Club in Richmond Township, Berks County.
Westside Grill, Wild Turkey Grill and Moselem Springs Golf Club are owned by Jaindl Land Development. Read more.
Odds and ends
‘The store of the future’: Dave & Buster’s gears up for grand reopening after remodel
WHITEHALL, Pa. – A popular entertainment facility is ready to level up its services in Lehigh County.
Dave & Buster’s, the entertainment and dining chain that invites guests to “eat, drink, play and watch,” on Friday debuted its reimagined Lehigh Valley location on Friday.
The Whitehall Township location, at 1491 MacArthur Road, opened in October 2020 at a Lehigh Valley Mall outparcel, which was previously home to Friendly’s and Wendy’s restaurants as well as an office building. Full story here.
The Promenade Shops welcomes new tenant, hosting ‘Wonderland on Main’ event
UPPER SAUCON TWP., Pa. – The new year has brought a new tenant to The Promenade Shops at Saucon Valley.
Fulton Bank, offering a broad array of financial products and services in Pennsylvania, New Jersey, Maryland, Delaware and Virginia, on Monday opened its newest Lehigh Valley branch at 3060 Center Valley Parkway, Suite 839, Upper Saucon Township.
The branch offers a variety of services, including deposits, loans, check cashing and safe deposit boxes. Read more here.
Schuylkill County winery earns ‘best white wine’ in Pa. distinction from prominent wine critic
WEST PENN TWP., Pa. – A Schuylkill County winery is making a splash in 2024, with high praise on a well-known wine media platform.
Galen Glen Winery, at 255 Winter Mountain Drive in the Andreas section of West Penn Township, earlier this week received acclaim on JamesSuckling.com, a prominent wine media platform and events company with offices in Hong Kong.
Senior Editor Stuart Pigott labeled the Galen Glen Riesling Lehigh Valley Stone Cellar 2022 as “the best white wine he has ever tasted from Pennsylvania,” according to a Weekly Tasting Report. Read more.
Berks buzz
‘Stay and sip a while’: Folino Estate owners open 2nd Vintner’s Table wine bar and restaurant
WYOMISSING, Pa. – The owners of Folino Estate Winery near Kutztown have opened another tasty venue in Berks County.
Husband and wife Marco and Andrea Folino, who opened Folino Estate in Greenwich Township in 2015, on Tuesday opened a second location of Vintner’s Table – a wine bar and restaurant serving up Folino’s hand-crafted, award-winning wines along with charcuterie and light bites – at 945 Hill Have. Suite 100 in Wyomissing.
“We welcome you to reserve a seat at our table,” an announcement on Vintner’s Table’s Facebook page reads. “Our menu was a labor of love carefully curated to bring you an elevated dining experience full of rustic Italian flavors paired with our award winning wines in a chic and cozy atmosphere that invites you to stay and sip a while.” Full story here.
New golf simulator at Sly Fox has golfers hitting the virtual links
WYOMISSING, Pa. – There’s a new gathering place inside an already familiar spot in Wyomissing that can transport you to dozens of golf courses around the world.
While it’s winter outside, the basement of Sly Fox Brewing, dubbed the Foxskeller, features a whole different vibe.
Golfers are teeing up and taking their swings on brand new golf simulators. Read more here.
Vinyl enthusiasts to descend on Leesport Farmers Market this weekend for ‘Record Riot’
ONTELAUNEE TWP., Pa. – It’s about the search for something special.
“Number one, I’m a collector. All these guys that sell records they all are interested in records, so I’m looking at his records saying ‘What does he have?’ And I saw something I want to buy,” said Record Riot event organizer Stephen Gritzan.
Thumbing through crates of creative work put to vinyl is a physical interaction that seems increasingly rare. Read more.
‘Heavy heart’: Moe’s Southwest Grill location to close after 10 years in Berks County
EXETER TWP., Pa. – An eatery serving up made-to-order burritos, quesadillas, nachos and tacos is ending operations this weekend in Berks County.
A location of Moe’s Southwest Grill, a fast-casual restaurant franchise serving “high quality and fresh southwestern food,” will close on Sunday at 4725 Perkiomen Ave. in Exeter Township.
The restaurant is located in the Exeter Commons, between a Fine Wine & Good Spirits store and L.A. Nails Day Spa. Full story here.
Closing notes
Rite Aid closes Bethlehem store, with another Lehigh Valley location set to shutter on Jan. 15
Two Rite Aid stores in the Lehigh Valley are ceasing operations this month, joining several other regional locations of the pharmacy chain that closed in 2023.
First, a Rite Aid store at 104 E. Third St. on Bethlehem’s South Side shuttered on Wednesday, Jan. 10, according to storefront signage, addressed “Attention: store closure.” Read more here.
American Eagle Outfitters closing Lehigh Valley store
PALMER TWP., Pa. – A well-known clothing retailer is reducing its brick-and-mortar footprint in the Lehigh Valley.
American Eagle Outfitters, a leading global specialty retailer offering high-quality, on-trend clothing, accessories and personal care products, will close its American Eagle store at the Palmer Park Mall in Palmer Township on Jan. 20, a store manager said.
The manager could not comment on the reasons surrounding the upcoming closure. Read more.
Discount variety store closes in Easton area
PALMER TWP., Pa. – A destination for affordable snacks, household items, party supplies and more has closed in Northampton County.
One Dollar Zone!, a discount variety store “where you can find trusted brands and thousands of great quality items for as low as $1.00,” closed a couple of weeks ago at 785 S. 25th St. in Palmer Township.
It’s unclear what led to the store’s closure. A company representative did not return a message seeking more information, and a sign on the door simply reads, “WE ARE CLOSED.” Full story here.
2023 was a turbulent year for airline elite status. A few major airlines announced significant loyalty program changes — many of which went into effect on Jan. 1, 2024. In most cases, it’s made a more challenging path with higher spending requirements to earn airline elite status.
Some of the most notable and drastic shifts happened to the Delta Air Lines SkyMiles loyalty program. In September, the airline announced it would award Medallion elite status solely based on spending and limit Delta Sky Club access for many customers starting in 2024. The updates were so drastic that Delta walked back some of its most controversial changes, including reducing the spending requirement to earn status.
Other airlines have made minor loyalty program modifications:
Frontier Airlines overhauled its loyalty program to align status earning with dollar spending rather than based on physical miles flown. This kicked in with the new year.
Southwest Airlines made it easier to earn elite status in 2024 by reducing the number of flights needed to earn status.
As of March 2024, Alaska Airlines will simplify partner redemptions based on distance and cabin. According to Alaska Airlines, more than 60% of partner nonstop routes will start at a lower price point (but that implies others will become more expensive).
American Airlines made some changes in 2024, including adding new earning and redemption opportunities. It’ll also soon offer one-day lounge passes for sale.
Which airline program provides the most value?
NerdWallet’s analysis focuses on elite status perks that offer concrete value, such as bonus rewards, seat upgrades and free checked bags. We compared these values against the spending needed to earn each status level. That indicates which elite programs truly offer excellent value per dollar spent.
To generate a single number to compare loyalty programs, we calculate an “effective rewards rate,” which accounts for the value of the benefits you receive relative to the amount you already spent with the airline.
There’s variation across airline loyalty programs, but the average return across all programs is 6.28% in value per dollar spent, meaning you’d get an average of a little over $6 per $100 spent.
Alaska’s rewards program stands out at the top end with its 9.7% rate — the equivalent of earning nearly $10 in value for every $100 spent. Hawaiian Airlines, which in December announced plans to merge with Alaska, isn’t far behind with an 8.89% earning rate.
Frontier and Spirit Airlines trail far behind with paltry 3.92% and 3.45% rewards rates, respectively.
Understand what status is worth
Some programs slap labels like “Gold” and “Platinum” on benefits that hardly sparkle, so be skeptical of chasing titles that sound fancy but ultimately offer mediocre benefits.
A-List Preferred is the highest level of status with Southwest, but its value is low, with no option for premium class seats or airport lounges. You’d have to spend an estimated $14,400 to earn A-List Preferred (though you could get it for less if you fly a lot of low-cost flight segments), yet NerdWallet values its benefits at less than $1,400. Don’t try too hard to chase Southwest status.
Meanwhile, the top tiers at Alaska, Hawaiian, United Airlines and American Airlines mean something. With Alaska MVP Gold 100K, you’ll receive nearly $9,000 in value with the first-class upgrades, free checked bags and lounge passes. Earning it requires an estimated $12,000 in Alaska spending, translating to a roughly 73% rewards rate.
Earning United Premier 1K status is neither cheap nor easy, as you’ll have to spend an estimated $30,000 with United for the honor. But NerdWallet values the benefits (which include instant premium cabin upgrades and priority check-in) at nearly $19,000, offering a 64% return.
Look for promotions
You can sometimes find limited-time promotions with easier routes to earning elite status. For example, United MileagePlus is currently running a Premier Status Match Challenge through the end of 2024.
Leverage airline credit cards
If you’re chasing elite status for benefits like free checked bags, Wi-Fi or early boarding, many airline credit cards offer those perks without awarding you elite status.
How to approach airline elite status in 2024
As more airlines tie elite status to spending, it can feel like the value of your loyalty has taken a nosedive, especially if you previously earned status through low-cost flights. On the other hand, some high rollers are rejoicing. After all, a higher threshold to earn status only makes it more valuable for folks who have it through reduced competition for seat upgrades or fewer people overcrowding airport lounges.
However, having elite status is only part of the reason to pick which airline to fly. Sometimes elite status can be more limiting than freeing, as you might be more inclined to fly at an inconvenient time or book a more expensive flight just to flex your benefits.
By leveraging credit card bonuses, seeking targeted promotions and being open-minded to the best flight rather than one operated by the brand you have status with, you can maximize the value of your travel.
Not to mention, airfares have dropped over the past year despite inflation affecting most other sectors. Some experts expect airfares to continue dropping. According to American Express Global Business Travel’s 2024 Air Monitor report, economy class flights from North America to Europe are expected to drop by 3.5% versus their 2023 prices, while those to Asia are expected to drop by 7.5%.
For price-conscious consumers, that might be a better trade anyway.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024, including those best for:
From the timeless elegance of the Verona collection to the regal charm of the Paris Bed … from the sleek modernity of Pippa chairs to the distinctive style of Soho cabinets, each piece from Bassett Furniture embodies versatile and reliable design.
Expanding beyond furniture, the allure of Bassett’s rugs and the unique texture of the Ventura collection’s raffia-wrapped cases and tables catch the eye of discerning designers. To curate a space reflecting personal style, it’s essential to discover the interior products loved by home decorating bloggers. For personalized guidance, Bassett Furniture offers dedicated design consultations. Schedule one today to explore how pieces like the Beckham sectional, BenchMade furniture, Pippa chair, Soho cabinets, and Ventura and Verona collections can seamlessly enhance your home. Embark on a delightful exploration of home design possibilities by visiting a Bassett Furniture store near you.
WASHINGTON, D.C. (January 10, 2024) — Mortgage applications increased 9.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 5, 2024. The results include an adjustment to account for the New Year’s holiday.
The Market Composite Index, a measure of mortgage loan application volume, increased 9.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 45 percent compared with the previous week. The holiday adjusted Refinance Index increased 19 percent from the previous week and was 30 percent higher than the same week one year ago. The unadjusted Refinance Index increased 53 percent from the previous week and was 17 percent higher than the same week one year ago. The seasonally adjusted Purchase Index increased 6 percent from one week earlier. The unadjusted Purchase Index increased 40 percent compared with the previous week and was 16 percent lower than the same week one year ago.
“Despite an uptick in mortgage rates to start 2024, applications increased after adjusting for the holiday,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “The increase in purchase and refinance applications for both conventional and government loans is promising to start the year but was likely due to some catch-up in activity after the holiday season and year-end rate declines. Mortgage rates and applications have been volatile in recent weeks and overall activity remains low.”
The refinance share of mortgage activity increased to 38.3 percent of total applications from 36.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 5.4 percent of total applications.
The FHA share of total applications decreased to 14.4 percent from 14.5 percent the week prior. The VA share of total applications increased to 16.3 percent from 14.6 percent the week prior. The USDA share of total applications decreased to 0.4 percent from 0.5 percent the week prior.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.81 percent from 6.76 percent, with points remaining unchanged at 0.61 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate increased from last week.
The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $726,200) increased to 6.98 percent from 6.86 percent, with points increasing to 0.43 from 0.41 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.
The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.56 percent from 6.51 percent, with points decreasing to 0.84 from 0.86 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.
The average contract interest rate for 15-year fixed-rate mortgages increased to 6.41 percent from 6.26 percent, with points decreasing to 0.55 from 0.73 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.
The average contract interest rate for 5/1 ARMs increased to 6.17 percent from 5.71 percent, with points decreasing to 0.56 from 0.59 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.
The survey covers over 75 percent of all U.S. retail residential mortgage applications, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks, and thrifts. Base period and value for all indexes is March 16, 1990=100.
If you would like to purchase a subscription of MBA’s Weekly Applications Survey, please visit www.mba.org/WeeklyApps, contact [email protected] or click here.
The survey covers over 75 percent of all U.S. retail residential mortgage applications, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks, and thrifts. Base period and value for all indexes is March 16, 1990=100.
Mortgage rates ticked up this week as the 10-year Treasury yield made its way back above 4%.
The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, a slight increase from last week’s 6.62%, according to Freddie Mac‘s Primary Mortgage Market Survey released on Thursday. The 15-year fixed-rate mortgage averaged 5.87% this week, down from 5.89% the prior week. HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.66% on Thursday, down from 6.68% recorded at the same time last week.
“Mortgage rates have not moved materially over the last three weeks and remain in the mid-six percent range, which has marginally increased homebuyer demand,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “Even this slight uptick in demand, combined with inventory that remains tight, continues to cause prices to rise faster than incomes, meaning affordability remains a major headwind for buyers. Potential homebuyers should look closely at existing state and local resources, such as down payment assistance programs, which can considerably help defray closing costs.”
Mortgage rates dipped below 7% before the start of the new year, steadily declining each week of December. Most housing professionals expect mortgage rates to continue trending downwards in 2024. Economists hope that declining rates will spur more sellers to list their homes. However, mortgage rates might not fall as fast as expected, hampering growth in listing activities. With about two-thirds of outstanding mortgages still carrying rates below 4%, home sellers may choose to delay their selling plans, waiting for a better opportunity.
Forecasters expected the Federal Reserve to begin cutting rates in March. However, given December’s strong jobs report and today’s inflation reading, it’s becoming more likely that those rate cuts will come later in the year, Lisa Sturtevant, chief economist at Bright MLS, said in a statement.
There’s something about opening a new calendar that makes us want to feel our best. So this January, POPSUGAR is giving you everything you need to hit the reset button on your health, your habits, your beauty routine, and more. To find more articles about resetting your home, click here.
The past few years have been full of lessons. For a homebody and serial (re)decorator like me, here’s a big one: never underestimate the value of creating a home you like spending time in. (In some cases, a lot of time.)
Actually doing that is easier said than done, and there’s far from a one-size-fits-all approach. Some things — certain features of your space, or maybe your current circumstances — might make it tough to take on major changes or pricey reno projects. But one place we can all start? Finding (or creating) a home decor style that resonates, and then taking the steps, big or small, to bring it to life.
I’ve lived at 11 addresses in my life (a good chunk of those thanks to the New York City rental market), and made some questionable decor choices along the way. But my ninth home, a 350-square-foot studio apartment and my first solo adult space, was a significant turning point in understanding the power of making an empty box my own. Importantly, it allowed me to discover my eclectic and colorful decor style in the process.
Now, a few years and two places later, I’ve created a home that feels more personal — more like me and the partner I share it with — than ever. It’s an evolution of the style I established in that tiny studio that’s grown with me and that I know will only continue to.
So if you’re feeling inspired to rethink your space in the new year, or just looking for some advice to refer back to later, maybe I can help. Here are some decor tips to make your home feel more like you, so you can enjoy it to its fullest.
1. Get familiar with what you like.
We do it with food, fashion, and even dating. So why does it seem so much harder to nail down an interior style (or styles) that we like? I have a hunch. Furniture and decor isn’t the same as fashion; it’s bigger, more expensive, and takes up more space. Aside from accruing blankets and tchotchkes, it’s much easier to own multiple coats or change a lipstick than it is to swap out your sofa or have another set of dining chairs in rotation. The pieces in your home are designed to be lived with every single day, and you want to like what you’re sharing space with. In this case, decision paralysis can be very real.
So, where to begin? You’ve got options. For some, an interior-design-style quiz can point you in the right direction (especially a thoughtful one from a designer, like this). For others, scrolling through Pinterest and Instagram are the best ways to find variety at your fingertips (and save what you like). Don’t overthink it; you’ll know what you’re naturally gravitating to.
I take a hybrid approach: saving and pinning while also snapping photos of things (hotel lobbies, wall and furniture color combinations in restaurants) I see in real life. I also browse online stores like AllModern, vintage furniture resale sites like Chairish, and even Facebook Marketplace.
When browsing, don’t ignore the small stuff — even if you don’t love the big picture. For example, you may not like the way a whole room looks, but you might love a particular side table. Or you might spot a pairing of textures you love in a lamp but find a way to use that combo in a mirror. I recently saw an aged, almost-black brown wood stool on Pinterest that inspired me to buy a similarly colored bar cabinet on Facebook Marketplace. It’s now one of my favorite pieces.
2. Find a style sweet spot.
You may want your home to look like a magazine, or even the set of a Nancy Meyers film. But a few things you might be less keen on? Creating a carbon copy of someone else’s home or a time capsule of a hyper-specific decor style — early 2000s Olive Garden-style kitchens or Y2K bedrooms. (We can bring back blow-up chairs and lava lamps, though.)
While this can be hard to avoid as trends cycle in and out of style, mixing and matching can be a smart way to maintain a transitional look. Whether it’s pairing vintage with modern, incorporating family heirlooms into the mix, or laying trending patterns and textures (think: checkerboard or bouclé) over more subtle fabrics, this can help your space feel balanced and versatile.
Wherever you ultimately land may help define your decor style tastes even further. And that spot might sit somewhere between a few distinct decor styles, or many — coastal and Scandinavian, preppy meets French country, industrial with hints of art deco and glam. There’s no pressure to fit neatly into a box.
Let my space be an example: my living room is home to a mix of Chinese and Japanese accents, a Moroccan rug, a postmodern coffee table, a modern CB2 credenza with clean lines, a ’70s lamp, and curtains I found at Ikea. It’s eclectic and varied, exactly the way I like it.
3. Embrace the evolution.
All good things must come to an end, or at least change and grow. You’ll know when it’s time to let your space — or your tastes — evolve.
Maybe you’re moving into a bigger space and need the furniture to match, or maybe you’re entering a new phase of life and ready to replace an old table with a sturdier investment piece. In cases like mine, you might be transitioning from living alone to with a dog, a roommate, and eventually a partner. Or you might just generally be ready for something new.
Whatever the reason, trust your instincts about what stays and what goes, and take your time. You might want to keep sentimental artwork, statement furniture, and your sofa. But it might be time to change a rug, a table lamp, or your bedding.
And if you like what you’ve already created but just want to iterate on it, find replacement pieces with familiar qualities like colors, silhouettes, or patterns. Black-and-white patterns have become a staple of my spaces, as have bold uses of green in different shades. I interpret them a little differently each time — on a rug and then a headboard, or on towels and then a lamp — but now, they’re a signature. Wherever they are feels like home.
Regulatory, Compliance, RIA, Accounting, AI Products; CFPB Penalty News; Credit/FICO and Investor Updates
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Regulatory, Compliance, RIA, Accounting, AI Products; CFPB Penalty News; Credit/FICO and Investor Updates
By: Rob Chrisman
Wed, Jan 10 2024, 10:51 AM
I’m so tired of the mainstream press talking about the 2024 election, 10 months out. Given that the median age of U.S. citizens is about 38 years, one would think we could find someone under the age of 75 to be president, regardless of party affiliation. On the other end of the age spectrum, at age 34, Gabriel Attal became France’s youngest prime minister. France’s inflation rate is running at 3.7 percent, which I mention because inflation and the actions of central banks are linked, and the inflation rate and the CFPB are linked. (Whenever I mention the CFPB to my cat Myrtle she feigns indifference. Sometimes she even saunters away.) The CFPB announced the annual adjustments for inflation to the CFPB’s civil penalty amounts, as required by the Federal Civil Penalties Inflation Adjustment Act, as amended. This final rule is effective on January 15, 2024. Tomorrow we will have the Consumer Price Index, meant to broadly capture changes in the prices of goods and services; more tomorrow! (Today’s podcast can be found here, and this week’s is sponsored by Truework. By connecting every verification method into one platform, Truework helps lenders eliminate process disruptions, maintain a competitive borrower experience, and reduce the fiscal impact of verifying income.)
Lender and Broker Services and Software
Jonathan Spinetto COO & Co-founder at Nyfty Door, grew their business from 0 loan originations two years ago when he signed with TRUV, and is projected to hit 3,000 loans a month in 2024. NYFTY door sees conversion rates over 60 percent with Truv and is saving 60-80 percent over competitors! Contact TRUV today for your income, employment, insurance, and asset verifications.
How will you reach your goals in 2024? To lower costs and improve your margins on every loan, outsource to Computershare Loan Services (CLS). With CLS, you get an extension of your team that can support every part of your business, from your originations’ operation to your MSR retain/release strategy. Leverage their 20 years of experience and expertise to reduce costs, improve efficiencies, and mitigate risk. In this industry, you deserve a partner that has it all. Contact CLS to find out how they can help you reach your goals… in any market.
Production Managers are you starting 2024 off with the question, “How can I get all my originators working more like my top producers?” Then, you’re looking for the holy grail: habit duplication. Usherpa has been researching habits of highly successful loan officers for nearly 30 years, helping literally thousands of LOs increase production using habit duplication… through every conceivable market condition! How? Using data analytics (and lengthy history in the industry), Usherpa identified the most powerful habits of successful producers. Leveraging those trends coupled with Usherpa’s technology and commitment to customized training, you can ensure your team is primed to operate like the big hitters. Make your life a little bit easier and give your LOs the tools to duplicate top producers’ habits, learn how here. While you’re at it download the Usherpa eGuide “3 Habits of Top Producing Loan Officers (You Can Duplicate).”
Valuation professionals are tasked with being independent, impartial, and objective. But completely removing human involvement in the home valuation process is nearly impossible. Thanks to the increased use of artificial intelligence (AI), however, today’s technology can help lenders and investors assess property values more accurately and prevent valuation bias. Sign up for a complimentary webinar hosted by ICE to hear about AI and the future of home valuations. A panel of industry experts will discuss the ways AI-powered tools eliminate valuation bias. They’ll also cover how AI accelerates the valuation process, and ways you can look out for fraud when using AI in home appraisals. The webinar, Artificial Intelligence and the Future of Home Valuations, will be held on Tuesday, Jan. 23 from 2 -3 p.m. Don’t miss out on key insights: register here.
Don’t just “stay alive until 25” with Loan Vision, a software built by the mortgage industry for the mortgage industry, you can “do more in 24!” Customers on Loan Vision see improvements of 30 percent+ decrease in days to close the books, 20 percent+ reduction in accounting headcount, complete LOS to G/L automation, and improved reporting and visibility. Interested in learning how Loan Vision can help you run a more efficient and profitable company? Contact Carl Wooloff to schedule a call today.
Halcyon has introduced a pioneering RIA Services integration with Encompass Partner Connect, aiming to diversify lender revenue amidst a challenging market. With the decline of refinancing opportunities and high interest rates, Halcyon’s initiative focuses on enhancing borrower-lender relationships through its new RIA Offering. This service enables loan officers to identify factors influencing home purchases during customer interactions, facilitating seamless referrals to RIAs for financial advice directly within Encompass. If a borrower signs up for services, a revenue share is provided back to the lender. Halcyon’s advanced technology ensures all tracking, compliance, and details are handled efficiently for the lender. As buying a home is often the largest investment in one’s life, early financial advice can be crucial for ensuring a stable financial future for new homeowners. You can read the full press release here. Want to learn more about the only Registered Investment Advisory solution on Encompass? Reach out today!
Compliance and Regulatory Tracking Products
Best Practices for Out-of-State Mortgage Lending from Ncontracts! As a mortgage lender, you’re already familiar with the Truth in Lending Act (TILA), the Home Mortgage Disclosure Act (HDMA), and the Equal Opportunity Credit Act (ECOA). However, mortgage lending is regulated by state laws as well, and that’s where things get complicated. In this latest article, experts from Ncontracts address the potential regulatory pitfalls mortgage lenders encounter when they grow their business in other states, plus ways to overcome them. Read the full article for more.
“Looking for an overview of all the significant legislation and regulations affecting lenders and servicers in 2023 and a preview of what’s to come in 2024? Download the annual regulatory and legislative update from Covius Compliance Solutions. Our latest report looks at what’s new in loss mitigation requirements, the CFPB’s crusade against junk fees, fair lending and servicing initiatives and growing scrutiny of AI and Chatbot usage. The report, titled “Navigating the Mortgage Industry Landscape: 2023 Review & 2024 Outlook,” also provides an analysis of major state lending and debt collection legislation and proposals. Get your copy today.
Credit and Investor News
In a combination of credit and lender news, CrossCountry Mortgage (CCM) has become an early adopter of FICO® Score 10 T, the most predictive score, to support origination and decision making for non-confirming loans. “Additionally, CCM is the first mortgage lender to commit to issuing mortgage-backed securities (MBS), exclusively based on FICO Score 10 T, enabling investors to update their guidelines to accept the most predictive score for MBS and allowing the $12 trillion MBS global market to have access to more powerful insights and information… This move will enable investors to update their guidelines to accept the most predictive score for MBS and allow the $12 trillion MBS global market to have access to more powerful insights and information. This commitment will be the first step for investors to familiarize themselves with the new score and realize the promised performance improvement. This first ever instance of FICO Score 10 T applied to an MBS pool will show investors, rating agencies, and other stakeholders a real-world example of the improved predictive performance offered by FICO Score 10 T.” “FICO is committed to assisting mortgage industry participants looking to transition to its most current model, FICO® Score 10 T. The FICO Score Migration Resource Center provides a detailed guide to support organizations through their score transition with key planning steps and activities, in addition to implementation best practices.”
Effective immediately, Pennymac is aligning with FHA ML 2023-17 supporting the use of rental income for single-family properties with an Accessory Dwelling Unit (ADU). For information, view PennyMac Announcement 23-88.
FHA and VA Increased Loan Limits for 2024 are addressed in PennyMac Announcement 23-87.
HighTechLending Wholesale introduced its new Jumbo Proprietary Reverse Product, the Platinum Reverse, available in three variations: Maximum LTV Fixed Rate, Adjustable Rate with a Line of Credit, and Reduced LTV with a lower Fixed Rate.
Plaza gives you the renovation programs your borrowers need to transform their current or future home to be “remote-ready” for work, school or anything life brings. Borrowers can combine the purchase or refinance of their home with the cost of its renovation, all in a single closing. Plaza offers the popular Fannie Mae® HomeStyle®, Freddie Mac CHOICERenovation® USDA Renovation and VA Renovation programs, as well as FHA 203(k) Standard and Limited.
The Federal Housing Administration announced that it will increase the maximum claim amount for their Reverse Mortgage Program (Home Equity Conversion Mortgage) in calendar year 2024 from $1,089,300 to $1,149,825 effective for case numbers assigned on or after January 1, 2024. Contact HighTech Lending to discuss HECM opportunities.
In November, VA published Transmittal of Change 38 to VA Pamphlet 26-7, Revised, VA Lender’s Handbook (07/27/2023) announcing revisions to VA Lenders Handbook Chapter 7 Topic 7, on Temporary Buydowns. For additional information, see AmeriHome Mortgage Product Announcement 20231208-CL.
Angel Oak’s DSCR Loan (Investor Cash Flow) program has been enhanced to accommodate an impressive 85 percent Loan-to-Value (LTV).
The Second+, Hometown Equity Mortgage’s standalone second boasts an impressive CLTV to 90 percent.
Capital Markets
Even with this week’s mini-Refunding, it’s been a bit of a snoozer in the capital markets. Typically, mortgage and Treasury security pricing is a direct result of supply and demand, although Treasuries and MBS saw some brief buying yesterday in reaction to the day’s strong $52 billion 3-year note auction and the market inched down in price ahead of the close. The November trade balance was better than expected, showing a deficit of $63.2 billion versus a downwardly revised $64.5 billion in October. Exports were $4.8 billion less than October exports while imports were $6.1 billion less than October imports. The drop in both exports and imports fits in with a weakening global economic environment. Separately, the NFIB Small Business Optimism Index rose to 91.9 in December from 90.6 in November.
Today’s economic calendar kicked off with mortgage applications increasing 9.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 5, 2024. The results include an adjustment to account for the New Year’s holiday. Later today brings Wholesale inventories and sales for November, more Treasury auctions that will be headlined by $37 billion of reopened 10-year notes, and remarks from New York Fed President Williams. We begin the day with Agency MBS prices roughly unchanged from Tuesday night, the 10-year yielding 4.00 after closing yesterday at 4.02 percent, and the 2-year at 4.34.
LO Jobs
“Embarking on a new professional journey shouldn’t mean pressing pause on your success. At Homestead Funding, we support seamless transitions for our newest team members while safeguarding your uninterrupted business growth. Our dedicated Onboarding Team provides you with program knowledge, marketing materials, and essential tools, paving the way for your accomplishments. As we approach our upcoming Sales Summit this Spring, our Loan Originators will have the chance to delve into the latest industry technology and strategies presented by leading mortgage experts. Discover how Homestead facilitated a smooth transition for Carrie Hamel and her team. Within just a year, Carrie achieved top-producer status, earning a coveted spot in our 2023 President’s Club. Ready to propel your business forward with us? Contact Michele Teague at (518)-368-1494 to explore how Homestead Funding can be your mechanism for success!”
“Okay, here’s what I came up with…New Year, New Career at PrimeLending. Now is the perfect time to take charge and position yourself to thrive in 2024 and beyond. Contact us today to set up a guided tour of our best-in-class tech stack that’s helping our LOs build their personal brand and close more loans. Schedule a time to meet with PrimeLending’s dynamic, engaged leaders, the driving force behind your future success. Get to know the camaraderie and passion that define our award-winning culture, one reason over 30 percent of our workforce has called PrimeLending home for more than a decade. Seize this moment and explore making the change that will propel your career to the next level. Your future awaits, and it all starts by connecting with Nic Hartke. The time is now!”
Fairway Independent Mortgage is hosting a Virtual Fairway Day on Thursday, January 18, at 2PM CT. “Want to know what makes Fairway the best mortgage company to work for? Now’s your chance! Join us and learn everything you need to know about Fairway’s products, platforms, training and coaching directly from Fairway CEO, Steve Jacobson, President of Retail Sales East, David Lazowski and other executives.”
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Vendor and Lender Tools; Agency News; 2023: Hottest Year on Record
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Vendor and Lender Tools; Agency News; 2023: Hottest Year on Record
By: Rob Chrisman
Tue, Jan 9 2024, 8:37 AM
Is it just my imagination or do restaurants no longer have salt and pepper shakers on the tables after COVID? Is it just my imagination or do organizations with initials that begin with “N” have trouble keeping their leadership? In August of 2023 the chief of NAR resigned, last week it was the NRA, and this week it is NAR’s turn again, this time losing Tracy Kasper to blackmail!
Meanwhile, keeping on with real estate news, and realizing that anyone can sue anyone, news came out after Christmas that Zillow, which also owns Zillow Home Loans, is suing rivals over software that schedules property showings.
Agency news
Freddie Mac (FHLMC) and Fannie Mae (FNMA) still have the lion’s share of the applications coming through lenders. What’s going on with their conventional conforming products?
Fannie Mae SVC-2023-06 December Servicing Guide update advises large non-depository sellers/servicers of updates to the frequency of financial reporting requirements and provides other miscellaneous updates.
Fannie Mae and Freddie Mac are equipping lenders with updated resources for Uniform Loan Delivery Dataset (ULDD) Phase 5. Updates include an enhanced ULDD extension schema, featuring Phase 5 extension data points, and updated ULDD FAQs referencing the schema.
Fannie Mae posted the December Appraiser Quality Monitoring (AQM) list.
Pennymac Announcement 23-89 addresses Fannie Mae SEL-2023-09, Rental Income and Self-Employed Borrowers Update.
AmeriHome Mortgage Announcement 20231209-CL summarizes previously published changes made during December, additional changes made with the announcement, and recent Agency and regulatory news.
Mother Nature bats last
Yes, storms are a regular event around the world. For example, the storm hitting the Midwest and Southeast of the United States with blizzard conditions and potential flooding is “normal.”
What isn’t “normal” is 2023 being the hottest year on record, whether it is caused by man or part of a natural cycle over thousands of years. “Climate change deniers” can shrug it off, but when the increased likelihood of major storms, flooding, and forest fires impact mortgage pricing and insurance rates (if you can get insurance at all), and therefore your clients, it is a problem. Or if places like Honduras become unlivable due to the heat and lack of air conditioning, forcing shifts in where populations live, then it matters.
Tennessee Tornadoes: DR-4751-TN. and 4751-DR-TN Amendment 001.
On 12/28/2023, with Amendment No. 1 to DR-4751, FEMA declared federal disaster aid with individual assistance has been made available to three Tennessee counties, Cheatham, Gibson, and Stewart, affected by severe storms and tornadoes on 12/9/2023. See AmeriHome Mortgage Disaster Announcement 20231210-CL for inspection requirements.
Capital markets: pretty quiet out there
Economic data over the past week has highlighted the various effects tighter economic policy has had on different sectors of the economy. Interest rate sensitive areas remain the most strained, but 216k jobs were added during December and the unemployment rate remained at 3.7 percent, which shows labor markets have only moderated slightly. Most new jobs were concentrated in government, healthcare, and leisure and hospitality. November’s JOLTS report showed job openings continue to shrink as demand for labor slowly subsides and the quit rate fell below its pre-pandemic level.
December was also the 14th consecutive month of contraction in the manufacturing sector of the economy, according to the ISM Manufacturing Index. Spending on durable goods has fallen five of the last ten months compared to spending on services which has only dipped once in the past 40 months. However, demand for services is expected to moderate as the economy slows. Construction spending ticked up 0.4 percent in November though most spending was concentrated in single family housing. Multi-family construction spending has lost momentum as vacancy rates have risen.
After a lack of news to open the week (we learned that consumer credit increased by $23.7 billion in November), today’s economic calendar is already under way with the NFIB Small Business Optimism Index for December (91.9 versus 90.6, so a slight increase) and the November trade deficit ($63.2 billion, down from the prior month but little changed). Later today brings Redbook same store sales for the week ending January 6 and Treasury auctions headlined by $52 billion 3-year notes. Markets will also receive remarks from Fed Vice Chair of Supervision Barr. We begin the day with Agency MBS prices worse .125 from Monday’s close, the 10-year yielding 4.05 after closing yesterday at 4.00 percent, and the 2-year at 4.38.
Lender and broker services and software
Orion Lending slashed its annual expenses by $300,000 and boosted their conversion rate by 32 percent using Truv’s income and employment verification solution. “Truv transformed our verification process, expanding our reach and cutting costs,” asserts Richard Plummer, EVP of Operations at Orion Lending. Stop Overpaying. Contact TRUV today for your income, employment, insurance, and asset verifications.
“Wish you had a New Year’s resolution you could actually keep in 2024? How about 5? Contact PHH today and get on track to reduce delinquencies, shorten default timelines, resolve more loans in foreclosure, lower subservicing costs and increase customer satisfaction. No other servicer has been more highly decorated with top servicing awards from all three agencies (Fannie, Freddie, and HUD) over the past two years. We can onboard your portfolio (no matter the size) in 90 days or less, and a recent client saw a 70 percent reduction in complaints in the first 6 months after switching to PHH. What are you waiting for? Start 2024 by reaching out to Chris Sabbe today and let PHH help you reach your goals in the new year!”
Maximize your return on every loan with better secondary pricing and industry-leading technology. Now more than ever, lenders need solutions that allow scale while reducing operational costs and increasing revenue per loan. With Maxwell Capital, lenders can access competitive secondary market pricing on a wide array of products, including non-QM and jumbo, and full-service fulfillment support on both wholesale and mini correspondent offerings. Plus, Maxwell Capital customers gain access to Maxwell Point of Sale, a digital mortgage platform with built-in business intelligence to track and benchmark performance. Schedule a call with Maxwell today and start doing more for your bottom line.
“Processor & Underwriter Automation: Zoral’s automation platform delivers amazingly accurate results in record time! Improve processing and underwriting turn times from days to minutes. Zoral analyses, calculates, and compares LOS data to document data. Dynamic notifications and conditions provide your team with a concise roadmap of what is needed on every loan, at every milestone, all the way to CTC. Our engines accurately categorize, analyze, and calculate eligible income from all income sources, including 3rd party providers such as Account Check. Bank statements are analyzed to identify EMD, cash to close, large deposits, recurring debits, and credits etc. For the past 20 years, Zoral has been creating the most advanced, AI powered, automation solutions anywhere in the world. Our proprietary solutions are designed and built in-house and rapidly implemented. Stop messing with headcount at every turn of the market. Zoral’s automation platform will provide the elasticity to handle even the most unpredictable environments. To learn more about our automation solutions for mortgage, contact Peter Sandler.”
As we usher in the Year of the Wood Dragon, a mythical creature thought to signify unprecedented opportunities, the folks at Down Payment Resource (DPR) contend 2024 also will be the Year of Down Payment Assistance, with DPA offering unprecedented opportunities for lenders to qualify more homebuyers. DPR has been in the business since 2008, amassing a national database of 2,200+ verified DPA programs. As the original keepers of all things DPA, DPR makes it easy for lenders to match otherwise qualified applicants to assistance programs across the United States. DPA can help you qualify more buyers, especially LMI and minority buyers, reduce declined loan numbers and make you a strong contender for referrals and repeat business. That’s an unprecedented opportunity for 2024 you shouldn’t pass up. Need more info? Meet with Tani Lawrence at MBA IMB (Feb. 22-24) or schedule a virtual demo.
Partnering with the right subservicer can make the difference in growing your business and staying a step ahead of a dynamic mortgage market. LoanCare®, one of the nation’s top subservicers, can help you better manage and grow your portfolio in 2024 and beyond. We’ve serviced loans for banks, credit unions, independent mortgage companies, and portfolio investors for over 40 years with solutions for any servicing scenario. We’ll be at the MBA IMB Conference in New Orleans Jan. 22-24, contact us to learn why now is the right time to make LoanCare your servicing partner. And don’t miss Jerry McCoy, EVP, Performance Management at LoanCare speak on the conference panel, “Uncover the Hidden Financial Risks & Rewards in Your Servicing,” on Tuesday, January 23 at 1:30 p.m.
Broker & correspondent loan products
“Expanding your Non-QM products and liquidity options with eRESI Mortgage has never been easier. Come see what other eRESI correspondent partners tap into, whether it’s our industry-leading pricing or fast turnaround times, all while gaining direct access to our long-term capital base. Our partners often rely on our experience as a seasoned loan investor with a highly experienced leadership team dedicated solely to your success. We provide access to a streamlined technology platform, a full suite of Non-QM products (including Full Doc, Bank Statement, and DSCR), and a credit team that understands individual needs. We are also thrilled to announce the launch of our Closed-End Second Lien product, allowing borrowers to access their equity without having to refinance their existing loan. To learn how we can help you grow your business, contact your eRESI representative or email our Business Development team to get started (Contact)!”
“Welcome 2024 with AFR Wholesale®, where we see a golden opportunity for prospective homeowners to achieve their dreams. We invite dedicated professionals like you to join us in expanding your business horizons. Why include AFR in your New Year’s resolutions? 1. Empower Borrowers: Our comprehensive suite of services is designed to empower your borrowers, from flexible financing options to personalized support. 2. Grow Your Business: Partnering with AFR means tapping into a wealth of resources and expertise. Our collaborative approach is tailored to support your growth, ensuring you have the tools and support needed to reach new heights. 3. Optimism/Strategic Planning: Making AFR a part of your 2024 journey means joining a community dedicated to success, innovation, and excellence. Let’s make 2024 extraordinary together! Happy New Year! Ready to partner with AFR? Visit www.afrwholesale.com, contact [email protected], or call 1-800- 375-6071 today.”
There is a signalman up in Shasta County, California. He really wants to get a promotion, so he sends a letter to Union Pacific, and they send up an assessor.
He asks him what he would do if two trains were barreling down a track at each other.
The signalman says he would put one train on a passing loop.
“But what if the points are jammed?”
“I would throw the emergency switch”
“But what if the switch is on fire?”
“I would run out and use the lever on the line to switch the train into the passing loop.”
“But what if it was struck by lightning?”
“Then I’d get my uncle Frank.”
“Why?”
“He’s never seen a train crash!”
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While the average 30yr fixed mortgage rate is still more than 1% below the long-term highs seen in October, it has been rising slowly and steadily in the new year. Today’s average rate is now as high as it has been in 4 weeks.
That’s the dramatic way to say it, but things aren’t as scary when we consider rates are only about 0.2% off the December lows and that the entire drop was more than 1.4% from the October highs.
Today’s bond market movement was sideways. The change in mortgage rates occurred due to timing of market movements yesterday and today as well as the monthly settlement process for the mortgage backed securities (MBS) that underlie day to day mortgage rate changes.
Bond traders remain focused on Thursday morning’s inflation data via the consumer price index (CPI) as the next big potential flashpoint for rate volatility.
Elevate your living space with the transformative power of mirrors on doors, not just as a reflection of your style but as a tool to amplify light and create the illusion of expansiveness. Discover how to infuse brilliance into dark corners and tight spaces with limited wall real estate. These mirror ideas not only enhance the aesthetic appeal of your space but also serve as practical solutions for making your apartment feel more open and inviting. Explore the versatility of door mirrors, transforming your living quarters into a chic and spacious haven.
When you buy through links in this article, we may earn an affiliate commission.
Elevate your space with over-the-door mirror ideas
Source: Amazon
Most over-the-door mirrors, equipped with hooks, make installation a breeze, ensuring a damage-free experience. Before diving into over-the-door mirror ideas, understand the importance of placement and selecting which door to place your mirror on. To utilize a mirror to its full, light-reflecting potential, strategically position the door mirror in opposition to windows or other natural light sources. Choose doors away from cluttered areas to avoid highlighting messes. Ideal placements include bathroom doors, coat closet doors, pantry doors or across sliding glass doors. Most over-the-door mirrors, equipped with hooks, make this installation process a breeze, ensuring a damage-free experience.
Now that you have an idea of the perfect placements, let’s explore creative and practical over-the-door mirror ideas that will enhance both the style and functionality of your apartment.
The multi-functional mirror
For frequently opened doors, opt for mirrors with multi-functional capabilities. Whether it’s built-in storage on the back or additional storage hanging from the mirror hooks on the other side of the door, the options are limitless. This marriage of practicality and aesthetics is perfect for seasoned renters looking to maximize both form and function.
The glam mirror
Source: Amazon
Transform your apartment door into a stylish gallery wall using framed mirrors, adding sophistication and personalization to your living space. This approach elevates your apartment’s aesthetic and allows you to showcase your preferred design style through carefully selected frames. Choose mirrors with diverse frames that match your apartment decor and arrange them in a gallery wall layout. This design adds a touch of sophistication through framed mirror art, creating a stunning visual impact in apartment-sized spaces.
The open bookshelf door mirror
Maximize storage and style in your apartment by transforming your door into a functional open bookshelf with an integrated full-length mirror. This creative design not only adds a personalized touch to your living space but also caters to apartment dwellers seeking both utility and flair. Choose a narrow bookshelf design that fits your apartment door dimensions, attaching a full-length mirror for added flair. This design provides additional storage space while serving as a mirror, making it perfect for apartment living.
The multiple mirror cluster
Source: Amazon
Give your apartment a unique character by clustering mirrors of various sizes and shapes on your door. This eclectic and visually striking approach adds dimension to your limited space while allowing you to express your individuality. Start with a small over-the-door mirror. Then around that mirror, mix and match small mirrors that fit your apartment aesthetic, focusing on creating a harmonious cluster. For a similar, unique look, opt for a trifold mirror. This unique size and shape create multiple reflective focal points. Another unique cluster look can be created with mirror tiles, which can be arranged in any formation desired.
Express your personality through a curated, eclectic design that enhances visual interest without overwhelming the limited space typical of apartment living.
Reflect your style and illuminate your space
Source: Amazon
Over-the-door mirrors aren’t just attractive pieces; they are versatile tools to enhance your room’s image. Beyond creating illusions of space and maximizing natural light, mirrors offer a multitude of benefits. From statement designs to multi-functional features, mirrors transform your room into a stunning and functional space that mirrors your unique sense of style.
Experiment with these ideas to discover the perfect equilibrium between aesthetics and functionality in your home. If you’re on the lookout for the perfect canvas to apply these decorating tricks, browse available apartments to find the right fit and welcome a space that truly reflects your style and personality.
Wesley is a Charlotte-based writer with a degree in Mass Communication from the University of South Carolina. Her background includes 6 years in non-profit communication and 4 years in editorial writing. She’s passionate about traveling, volunteering, cooking and drinking her morning iced coffee. When she’s not writing, you can find her relaxing with family or exploring Charlotte with her friends.