“I think a lot of companies bet late last year and early this year that rates would be materially lower by now than they are,” said Brian Hale, CEO and founder of Mortgage Advisory Partners.
“You’re going to tell them to pound sand? Well, they’re going to say, ‘Okay, well we’re going to suspend the agreement, we’re not going to take any more loans from you,’” said James Brody, a senior litigation partner at the law firm of Garris Horn.
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