Posted To: Pipeline Press
I don't know how it is that we only have two business days left in July – time flies. For me this month has included Honolulu, Denver, Sacramento, San Francisco, and now Austin for several days – pretty nifty places. The mood out there among residential lenders? It has improved nicely as 2016 has progressed although there are grave concerns about the servicing market – see below. But lenders are licking their chops knowing that about half of securitized agency mortgages have interest rates higher than 4 percent, according to Inside Mortgage Finance. Loan officers know that not all of these loans can be refinanced as some borrowers may not have enough equity in their homes, can't qualify credit-wise, or the high cost charged by lenders to cover skyrocketing compliance...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2aepF7p
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