The Stratmor Group: “The historical relationship is clear. When profitability increases, owners hold onto their companies. When it falls, more look to sell.”
LoanCare CEO Dave Worrall told Inside Mortgage Finance, “It will be interesting to see how the delinquency numbers change as the [foreclosure] moratoriums end.”
One caveat: Only the most well-heeled companies came to market, leaving originators with weaker prospects to tap their bank lines or enter into new or amended master repurchase agreements...
Veteran loan broker Michael Foote called it, “Good marketing more than anything, but they’ll just stack the loans and then sell them as soon as the new loans can be delivered…