It's the progression

They mean well

Remember when I first got into the mortgage business and interest rates were at 7.5% and Allen Greenspan was trying to curb inflation and curtail over simulated enthusiasm for the dot-com industry. Rates went all the way up to 9% when the market stalled and rates came back down. Then they hit rock bottom again after 9/11. Then in 2006 and 2007 for 14 months he raised interest rate a quarter point every month attempting to push home owners into 30 years fixed rate mortgages but they couldn’t because property values slowed and these borrowers couldn’t show income or credit scores high enough to refinance out of the option ARM loans that were about to recast increasing their payments significantly. Who would have thought these home owners would just walk away? It was a stroke of genius for these mortgage companies to invest in default insurance? You would have thought they wanted these home owners to default so they would recovered not just the principle balance but 30 years interest. Who could have known that selling these mortgages into the secondary market would have increase the odds of these mortgages going into default, causing a 30 day late which would have played hell with underwriters for those homeowners who wanted to have the security of a 30 fixed mortgage.

 It’ll all come out in the wash

 The FAA slowing down the commercialization the UAS/Drone industry has some people thinking that it’s for the benefit of the established military contractors but the DOD recently put out an RFI and didn’t include these companies. If the DOD doesn’t want them, how well do you think the commercial markets will take to them or better yet, how well do you think it will be welcomed by the commercial world?

Enterprising

I wrote about how DJI and 3D Robotics were priced just right for the commercial market and just like the Japanese car manufactures poised to saturate the market and then introduce their higher quality, more expensive products. Not trying to be prophetic but 3D Robotics is about to introduce their Enterprise line of commercial unmanned systems. SkyWard is part of this progression. There are a lot of people excited about their new line with the airframes to go with their unique, open architecture operating systems that are able to integrate with smart phones and tablets. This is going to take dot-com business to a whole new level.