Posted To: Pipeline Press
For me last month’s domestic travels included Texas, Montana, Colorado, Kansas, and California. The mood among residential lenders is very good . Yet despite many lenders having a fabulous production month in August (with decent margins) the residential lending industry continues to be on edge. It, and the CFPB, waits patiently for the CFPB/PHH court case ruling in order to give clarity to the MSA question, as well as other issues. And the feeling out there is that waiting for the next court case, or enforcement action, to set precedent, continues to be a crummy way for lenders to help consumers. But hope springs eternal… How long will everyone take to realize that Millennials - per our Census Bureau those born between 1982 and 2000 - are in no hurry to marry, have kids, or save...(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/2bEQJMx
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