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May 29, 2014

Moody’s: Many Homes in the Foreclosure Pipeline are ‘Obsolete’

By Paul Muolo

Mortgage bankers increasingly are complaining about a lack of homes to buy as one reason why originations are down this year.

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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.

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