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mortgage banking: Is something amiss in the residential mortgage banking business?
- 02/11/14 01:01 AM
To an outside observer, it could seem that something is amiss in the residential mortgage banking business. While many of the “bad eggs” have the left the market, their crimes are still being brought to light in the press and through legal action. The good news, there are still hundreds and hundreds of lenders (brokers, mortgage bankers, and banks) who are trying to help borrowers refinance or buy a home. However, overcapacity is an issue. With originations dropping from nearly $1.8 trillion to $1.2 trillion, not everyone is going to survive. Originations ranged from about $500 billion to $1.5 billion for … (0 comments)
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To an outside observer, it could seem that something is amiss in the residential mortgage banking business. While many of the “bad eggs” have the left the market, their crimes are still being brought to light in the press and through legal action. The good news, there are still hundreds and hundreds of lenders (brokers, mortgage bankers, and banks) who are trying to help borrowers refinance or buy a home. However, overcapacity is an issue. With originations dropping from nearly $1.8 trillion to $1.2 trillion, not everyone is going to survive. Originations ranged from about $500 billion to $1.5 billion for … (0 comments)
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