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June 12, 2014

‘Profitability Covenants’ Could Cause Trouble for Some Correspondents

By Paul Muolo

Correspondent sellers fret that some of the largest players might shut the door on them for a different reason: they can’t deliver enough volume in an origination-challenged market.

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With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

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