Loan officers’ wallets continued to get fatter in the first quarter, thanks to mortgage origination volumes hitting new records. However, industry bean-counters expect that to change once rates start to increase.
Sterling Bancorp recently reached a $12.5 million settlement for allegedly violating the Securities Act. The company is now ready to turn the page on its non-agency past.
Mortgage banking firms have been emulating some of their customers by taking advantage of rock-bottom rates to borrow as much as they can. Should anyone be worried?
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