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March 2, 2014

Short Takes: 55 Percent of Mortgage Firms Lost Money in 4Q? / Titan Continues to Sign Up New Correspondents / Flood Bill Moves Forward / A Clarification on Freddie / IMF Interviews HUD Secretary Donovan

By Paul Muolo and Brandon Ivey

The preliminary findings are not pretty: 55 percent of lender/servicers lost money in 4Q compared to just 4 percent for the first nine months of 2013.

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Poll

How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.
11 to 30. We’re feeling slightly bullish.
31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

vote to see results