As Wells Fargo was smacked upside the head with a $3.7 billion fine by the CFPB, sports news included Mat Ishbia and the Phoenix Suns, and the Senate passed the Improving Access to the VA Home Loan Benefit Act of 2022, and the Federal Housing Finance Agency (FHFA) Office of Inspector General released a report with a really long name because that is what bureaucrats do (FHFA Could Further Combat Appraisal Bias by Ensuring That Complaints Are Filed with State Authorities and Ensuring the Enterprises Use Appraisals That Comply with Federal Law), the industry is grappling with continued higher rates. Not that lower rates would release the unicorns from their pens and spread rainbows through the industry, mind you, but they might help. The economists from Redfin (who have seen their stock plunge 94 percent in less than two years) believe that there is a decent chance rates gradually going down to 5.7% by the end of next year. Q1 will be ugly. Seems like after a year of losses in 2022 next year will be a break even or slightly better kind of year. (Today’s podcast is sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology, and other services in the mortgage industry and in banking. Listen to an interview with Richey May’s Nick Ward on outsourcing, how to approach it, what the benefits and risks are, etc.) Lender and Broker Software, Products and Services Add Solar Sales to your mortgage biz and start making sales on day 1. Prime Choice Solar is doing business in over 30 states and counting. Use our platform, scripting, lead generating tools and start selling. Solar panels have helped homeowners save huge!! Stop leaving money on the table and add to our mission of providing value to homeowners! Visit here to learn more and continue on our mission to serving homeowners!