Construction Loan Product; Freddie and Fannie Aren't Sitting Still; LIBOR Phase-Out Update

Home / Blog / Construction Loan Product; Freddie and Fannie Aren't Sitting Still; LIBOR Phase-Out Update

Posted To: Pipeline Press

In September, major league baseball teams expand their 25-man roster to 40 as teams scramble for the playoffs in October. In the mortgage business, however, rosters are being cut in the 2nd and 3rd quarters as lenders reversed course and achieved a $580 per loan profit versus the $118 loss in the first quarter. Will the industry follow baseball into the fall and expand or contract their rosters as the purchase market cools off? “RIFs” continue, the latest semi-publicized one coming from the non-delegated correspondent sales group at SunTrust. (Rumor has SunTrust moving to an inside sales model for that group.) And Acopia announced a “repositioning.” “As we strategically realign our plans and investments to support our growing retail brands, we have decided to exit...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

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

99bb321d 2a99 4021 8d1e 1dc2dd5760aa e8277a9e 14d0 446e acaf e8fa4211b174 b1b66173 dcde 49f3 8c2a e5a9759646c1 f336ee72 fb92 4e76 b31a 75b7f2e3ca21 a87aeccd ec07 494c be5c a157280b981c 30e32fde 4335 4174 b877 b16d072bc74a b8976c5e 4deb 4c2a 82f2 41dd77200d7c bac17c63 21c2 44cf a2fa b85b92b8fceb 715bbbd9 3a26 434d 8d17 e994e8de464a ebf0335a bb74 4e20 8927 90d985c3a75e d7c715c6 d07f 4308 92d7 7f9c1600c74f 96d233ef 7eb4 44bf 83ef 710b3c79db4d 671ef3cb 1113 4da0 97a6 6c51d061e045 56115d2e 8720 4385 9cf5 1f9a024e323a b7f8ae08 f395 46bd b7be e0c079ce36a2 677a9d72 32b3 436b 96c9 eadfb29ccb37 a20d00d8 057d 4acc 9374 ca36e1978fe2 2509144f 3ab5 49ec 9d54 8918fba4ca34 a652e965 ea9a 4214 b71e f55e345f4ac8 be4a474b 8850 4a14 89aa 565615b1f849 a5d793c7 620e 4593 b107 8a57c3b914eb 3e35d2b6 c7ad 4345 b248 f7a5637a6ce9 647aaa94 d0e5 4dd9 b5c5 dfd16fadf801