Russell Middleton trades mortgage bonds for JPMorgan Securities. He disseminates a daily email blast that's often funny, usually punny and sometimes written in stanzas.
One of the things Friday's white paper from the Treasury Department called for was an increasing to the "G fees," or the premiums Fannie Mae and Freddie Mac charge borrowers to back principal and interest payments to agency mortgage-backed securities investors.
So, Middleton penned a little ditty about the option to raise the guarantee fees...to the tune of "Like a G6," by Los Angeles band Far East Movement.
Proppin' bonds at a price, strike on Tradeweb.
When we drink we do it right like a Celeb.
Selling FN 5's in a slide, like 103-6!
Now they're tradin' so high — Hike the G-fee!
Hike the G-fee, Hike the G-fee
Now, now, now, now — they're so hard to buy! Hike the G-fee
Take it up, take-take it up!
Short traders all around me, they be actin like they junk.
They be actin like they junk, actin-actin in funk.
Short traders all around me, they be givin back a chunk.
Write to Jason Philyaw.
The 2018 Rising Stars represent the best young leaders in the mortgage industry. Many of our 46 winners are leading companies as C-level executives, making strategic decisions for their organizations or developing new and inventive ways to get things done. Others are contributing through product development, data management or finding new ways to engage with consumers. Across the board, their efforts and accomplishments are influencing the present and future course of our industry.
The multiple characteristics of blockchain make it an incredibly attractive mechanism across industries. It provides an unchangeable, time-stamped ledger that allows for real-time and simultaneous input. It is the perfect set-up for industries where transactions are routinely moved from entity to entity or business to business and where records need to be verified and audited. Naturally, therefore, in the world of title and real estate, blockchain provides an incredibly innovative platform.
It has been proven time and time again that companies that make an investment in workplace culture attract the industry’s best talent and achieve greater success. For leaders who want to see their business grow to the next level, the solution is to focus on building a great culture — a culture of excellence.