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Volume 22 - Number 24

November 21, 2018

Seasonality and Higher Rates Spell Layoffs for Many

Itís that time of the year again: Declining originations mixed with seasonality are causing consternation among residential originators, with lay-off notices proliferating at shops both large and small. However, a greater sense of panic is beginning to seep in this time around. Rates are the highest theyíve been in several years and the purchase-money sector is beginning to look long in the tooth. The nationís largest home lender, Wells Fargo, recently announced plans to chop 900 ...

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Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.


Time for a change. Borrowers are different today.


Undecided, still assessing the situation.