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Posted To: Pipeline Press

I was walking by a classroom recently and I overhead the teacher telling the 1st graders, “Let’s work really hard today – your parents are eager for deliverables.” There are certainly some lenders out there delivering… deliverables. As if someone hit a light switch, many conversations I have around the nation no longer involve “margin compression” and “cutbacks” but instead involve the terms “pricing to manage capacity” and “record lock month.” Can anyone say, “cyclical business”? Residential applications were only up 1.5% last week, but lots of lenders and vendors are “bulled up” and small companies, who earlier this year were contemplating selling their companies or merging, are excited...(read more)

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

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