Broker/Dealer, Sales Products; Jumbo/High Balance Trends

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Posted To: Pipeline Press

Congress has become adept at kicking the can down the road, the latest example being, for the 11th time, passing a two-week extension for the National Flood Insurance Program . Those who actually have to earn a profit usually don’t have the time or inclination to delay things, and must act – like closing loans. I remember when there were questions about “refi shops” making the transition to purchase biz, as well as non-bank business growth. Estimates are out already for the top retail lenders in the first quarter of 2019. Apparently, those were answered as Quicken Loans’ $21.8 billion dwarfed Wells Fargo’ $14.1 billion. BofA is estimated at $11.5 billion, Chase $9.3. loanDepot followed with $5.4 billion, followed by Fairway with $5.3 billion, G-Rate $5, US...(read more)

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Source: http://www.mortgagen...

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