Other servicing brokers are still assessing market conditions with some rate watchers like Barry Habib cautioning against a “head fake” on where things may wind up.
It’s safe to say that many mortgage CEOs and their attorneys are cheering on Quicken. It’s not often that a lender fights back this strong against the government in an FHA.
Rising interest rates – as long as they don’t rise too much – could spark a boom in servicing sales, predicted Tom Piercy of Incenter Mortgage Advisors.