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May 17, 2017

Short Takes: Refis Hit a Low Not Seen Since 2008 / Let’s Compare Conservatorships / HUD Chief Agrees with NAR on Condos / Dead Reverse Lender Settles / A New Branch for Castle & Cooke

By Paul Muolo

This fall will mark – unless there’s divine intervention or a Kumbaya moment in Washington – the ninth anniversary of the federal takeover of Fannie and Freddie.

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Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.

35%

The wholesale/table funder. They’re taking the financial risk.

30%

The broker, but only for the first year. After that, the borrower is fair game.

13%

Hard to answer. It’s a complicated issue.

22%