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WhipSaw Blog

Volume 1, Number 1 April 13, 2020Getting whipsawed by the news? Me too. Last week was the Dow’s Best Week since 1938!More that 16M Americans Have Lost Jobs in 3 Weeks! It’s hard to know how to react to two stories that paint such different pictures of the U.S. economy. Early return from the lockdown, …

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Back To The Future – The Benefits Of Manual Underwriting And Why It’s Needed In Non-Qualified Mortgage Loans

In today’s Qualified Mortgage market, so much is made of automated underwriting systems that I fear the industry is somewhat paralyzed.  Underwriters have regressed to being merely condition-clearing clerks rather than thoughtful, rational, common-sense decision makers.   While there is clearly a place for automated underwriting in the QM market, I believe that, more broadly, our …

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Step Back and Take the Broader View!  The Multiplier Effect in Damages.

This is a story for the rest of us – the people who have not purchased a product that is recalled, but suffer a loss anyway.  There have been numerous articles written about losses due to various cheatinghiding scandals – General Motors and their faulty ignition switches, Toyota’s unintended acceleration, fire hazards in riding mowers …

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