The the spike in refi activity has “meaningfully” increased the pricing power for originators, said KBW. The research firm said gain-on-sale margins from secondary market loan sales should be exceptionally strong.
Sterling said that in connection with the review, a significant number of employees have either been terminated or resigned, including a senior vice president...
With rates falling to historic lows this week, originators are salivating at the possibilities. But will the boom bring capacity issues? Maybe, maybe not.
There seems to be no clear consensus among the Supreme Court justices hearing the case challenging the constitutionality of the Consumer Financial Protection Bureau.
According to Anthony Hsieh, founder and CEO of top-10 lender loanDepot, the mortgage industry might want to ponder creating a “reservation” system for incoming applicants.
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