The Fed looks at Twitter to gauge the financial sentiment out there? Yes: TFSI! The Federal Reserve certainly finds itself in a maelstrom these days… it’s as if we have nothing else to talk about. This weekend Robbie and I head to Boise for the Pacific Northwest Mortgage Lenders Conference where I’m sure the Fed and its members will be discussed, as will Texas Attorney General Ken Paxton and his estranged wife Angela who claim three houses as “owner occupied” similar to Fed Governor Lisa Cook. President Trump’s cabinet has members whose names have “mortgage fraud” attached to them. In addition, what about Pulte Homes, or Freddie Mac or Fannie Mae, which Bill Pulte oversees? Last week the Wall Street Journal questioned if it is only Democrats that fudge on mortgage applications. Or if mortgage misrepresentations are this common, it’s an indictment of Fannie Mae and Freddie Mac. (Let me know if you don’t have a subscription and want to read the article; I can send it along.) “Federal Housing Finance Agency (FHFA) director Bill Pulte has access to these files because he oversees Fannie and Freddie, which combined guarantee about half of single-family mortgages. If Mr. Pulte can flyspeck mortgage inaccuracies, why didn’t lenders or the two government-sponsored enterprises he regulates?” (Today’s podcast can be found here and this week is sponsored by Gallus Insights. Mortgage KPIs, automated, at your fingertips. Gallus allows you to turn data from your various databases and systems into automated business intelligence and actionable insights. Hear an interview with Gallus’ Augie Del Rio on cross-functional analytics and its evolving relationship with AI, as well as the true value of tech providers beyond data.)