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June 12, 2014

‘Profitability Covenants’ Could Cause Trouble for Some Correspondents

By Paul Muolo

Correspondent sellers fret that some of the largest players might shut the door on them for a different reason: they canít deliver enough volume in an origination-challenged market.

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Poll

The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
We will fund more than last year – by a little.
We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

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