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Week in Review September 10th 2018

September 10th, 2018

Brian Coester – News – Week in review for September 10th, 2018.

“Tomorrow is promised to no one” – Clint Eastwood

Clint Eastwood said it, and he was right. Tomorrow is promised to no one so you must seize the day today. So much of the time we put off tasks until tomorrow. We say to ourselves that we will do the laundry tomorrow, call that person back tomorrow, workout tomorrow, develop that product tomorrow or start that diet tomorrow. Pretty soon your life becomes a whole bunch of tomorrows that never became a reality. All we honestly have in life is the moment and the day. If you find yourself behind on your tasks or if you have a habit of leaving things undone let us change that now. Don’t put off the simple stuff for tomorrow stay up late, burn the midnight oil and get it done today!

Mortgage Applications on the Move:

Purchase applications increased during the week of August 31st, but overall mortgage activity fell according to the Mortgage Bankers Association. The purchase and refinance mix stayed relatively stable and consistent with previous months.

Source: NationalMortgageNews

Podcasts: John Maxwell Leadership Podcast:
Episode 9: Momentum Breakers vs. Momentum Makers (Part 2)

Quote from the Podcast:

“Some men succeed based on what they know, some men succeed because of who they know, but very few succeed based on who they are.”

Joe Rogan Podcast with Elon Musk: 

Joe Rogan Experience #1169 – Elon Musk

A must watch for any fans of comedy, culture, technology, business, and life!

2008 Financial Crisis: 

Interesting Video by Warren Buffet around the 2008 Financial Crisis.

GSE Reform:

Several of the top housing groups are pushing the Trump administration to enact permanent GSE reform. In a letter signed by some of the senior housing groups which include the the Mortgage Bankers Association, the National Multifamily Housing Council, the National Association of Realtors, the United States Conference of Mayors, and more than two dozen others, the groups write that many of the GSE reforms enacted after the housing crisis have served to stabilize the housing market, but the groups worry that the newfound stability could be undone without a permanent solution.

Source: HousingWire

Freddie Mac CEO Steps Down: 

Source: HousingWire

Inside the Beltway: 

Whitehouse aides on the hunt for who wrote the op-ed piece

Technology:

Nintendo will automatically save all games in the cloud when the Nintendo Switch Online Membership launches later this month. There was a belief that only some games would be supported, but Nintendo confirmed all games would have cloud saves automatically enabled. –NINTENDO LIFE

A.I.

Artificial Intelligence is a huge element of technology right now. Right now you are in the test phase of AI, and they are still trying to understand the impact.

AI will affect not only companies but countries as we move into a more digital era. Leaders in AI adoption could capture an additional 20 – 25 percent in net economic benefit as a result of the passage. Companies that adopt AI will have a significant advantage in cash flow as well as execution.

Source: Mckinsey

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