The CFPB announced additions to its executive team, despite chatter that President-elect Joe Biden will make dramatic changes to the agency's leadership.
The big question for the industry: Once production finally slows next year, will lenders trim retail and opt to use brokers since the latter only get paid if the loan closes?
The fix-and-flip lender relaunched production in September but doesn't expect originations to return to pre-COVID levels until the second quarter of 2021.