[David] Let’s get moving on to Marc here real quickly. Anything you have for us outside any rants or rage? Then we’re gonna get over to Allen. Marc, start off.
[Marc] I’ve got a couple comments on what’s been said so far because one of the things I actually did some research on what percentage of going back to this comments Alice was handling, I’m gonna ask the question. I know the answer. Okay. What percentage of women that have their first child go back to work in the workforce?
[David] I would assume the vast majority. Is it 80%?
[Marc] It’s, it is between the eighties and nineties. That’s the best guess anybody has. Yeah. Alright. Second question. How many women that have their first child go back to work within 90 days of having that child? It’s a little bit lower number. That’s about 60%. I really laugh at and that’s within 90 days. So using that in the past, that was an underwriting issue. Boy, that was just way off. Nowadays it’s a two family working for most of the country to be able to survive. So people throwing something out that is a little ridiculous. And I would like to go back and add a comment that kind of phases into the market a little bit and give you my 2 cents worth after talking to a lot of people in the military and other things recently that I know about a fact of life. I had two different uncles served in Greenland during the Cold War. So they said it’s the worst assignment on the face of this earth. But anyway I wanted to mention this. I think that we got something fairly unique going on in this country, and I think it is the random. I’m gonna call it BS we’re dealing with, although it’s not all Bs, but if you think about what’s going on right now, we’ve got more controversy going on in outside our parameters of the United got plenty here with Minnesota and everything else, but outside the United States, we got Venezuelas, we got Cuba, we got the Russians trying to take over Japanese islands. We got Russian buildup and the right up to where our Lucian Islands are. We got the Chinese trying to take over Taiwan, we got Iran. Can’t figure out who’s on forest as far as who’s in charge over there. We’re bombing terrorist sites in Syria. We’re actually running bomb rocket raids and bombing raids into Syria right now. And people don’t focus on that, but we are, and then we got the Israel situation, we got the Hamas situation. We’ve got more crap going on in the world right now that I can ever remember in my knowledgeable 60 years of my 75 years from the time I started paying attention around being a teenager. And it’s surprising as hell to me, maybe not to anybody else. That the rest of what’s going in the world, like the economy and other things, is as stable as it is considering it’s going on. Some of these things that are happening right now, if they had to happened during the middle of the Cold War, I know it, it would’ve topple the market. And now people just blink their eye that say another thing, and I sometimes wonder, a part of the current administration is goal is to keep popping these things out there and keep these things going because what it does, it shows as a country how strong we are because all those things could happen and we’re still survivors and we’re still on the top end of the spin of the ball. That’s just a comment I wanted to share with anybody. I’ve been thinking about, but I had do, have one business thing to share. I’ve been involved in a lot of conversations with a lot of lenders and a lot of investors and other people on a small consulting basis about FICO advantage and the consolidation of credit bureaus hoarding and all that. I would like to come back, David and do a full, a big segment on that. Yeah. On the, in this and when I got my notes in front of me and all that, I don’t have those today, but that is turning in a frigging nightmare too, by the way. It’s, and we got MBA complaining and saying we shouldn’t have one credit bureau. We got people upset with FICO then people worried about the cost control and who controls what, because you got two major factions going against each other and what is really best and all this stuff. And it’s another example of something that hadn’t worked too bad over the years and now it seems like people are overplaying it again. So anyway, we’ll see. But I’d like to come back with some of the stuff I put together and share it with everybody.
[David] I love that. That would be great.
[Marc] Maybe sometime later this week would be good with me if you think we’ve got time on when we do the next podcast next week.
[David] Oh yeah. That would be a good conversation to have. Marc. Thank you so much. Appreciate it. Yeah, I agree. Okay. I think, yeah, Alice, I was gonna say that would be a fun one to, especially for you to participate in with all the things you have, your perspective on that. Good. Very good.
Marc Helm
, CEO, and Author
Marc Helm serves as a Principal Partner at Transformational Mortgage Solutions, bringing over 46 years of extensive experience in the financial services and mortgage banking industry. Currently serving as the President and CEO of both ReverseAmerica Advisors, Inc. and Mortgage Consultants of America (MCA), Marc has established a proven track record of leadership and accomplishments, both within and beyond the mortgage banking sector.
In his notable role as the former President and Chief Executive Officer of Reverse Mortgage Solutions, Inc. (RMS), Marc played a pivotal role in steering RMS to become one of the largest Ginnie Mae Securitizers, originators, and servicers/sub servicers in the reverse mortgage industry. His influence has reached various key positions in the industry, including serving as Chairman of the Mortgage Bankers Association (MBA) Loan Administration Committee and Chairman of the MBA Technology Committee. Recognizing his expertise, he has been honored with memberships in prestigious advisory boards such as the Fidelity (LPS) Information Systems Mortgage Servicing Advisory Board and the National Reverse Mortgage Lender Association’s (NRMLA) Board of Directors.
Marc’s commitment to community involvement and philanthropy is evident in his roles as a Board Member of the American Heart Association (AHA), his past chairmanship of the AHA’s “Open Your Heart Campaign” for the Paul “Bear” Bryant National Coach of The Year Award, and his service on the boards of additional organizations such as The Helm Foundation. His dedicated support extends to various causes, including initiatives for children, veterans, military service organizations, and the welfare of homeless mothers and children.
Marc’s dedication to philanthropy is complemented by his prior involvement in various committees and campaigns, such as his role as the Former Chairman for the Houston Area Special Olympics Campaign and Former Chairman of the Houston Area United Way Campaign.
Beyond his professional achievements and community engagement, Marc Helm is a family man, celebrating 49 years of marriage to Sallie Fortner Helm. Together, they have two children, Thomas Charles Helm and Dr. Jean Ann Helm Allen, and five grandchildren. Holding a BS Degree (Summa Cum Laude) and an MS Degree from Troy University, Marc showcases his commitment to education and continuous learning. Currently pursuing a PHD in Organizational Psychology, Marc Helm’s multifaceted expertise, leadership roles, and philanthropic contributions make him an invaluable Principal Partner at Transformational Mortgage Solutions and reinforces his active role as a Co-Host of the “Lykken on Lending” Podcast.