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.
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