Posted To: Pipeline Press
We’ve passed the Winter Solstice, and we can look forward to more daylight in the Northern Hemisphere from here on out. (Good news for readers in Fairbanks, AK, where the sun now sets at 2:40 in the afternoon.) The amount of daylight isn’t the only thing changing. Any lender whose entire 2015 or 2016 profitability was based on rate and term refis is certainly concerned. For other companies, changes in the marketplace represent opportunities . It will be an interesting first quarter for change. Rumors are swirling, hiring freezes are already in place at some well-known lenders, and M&A is already alive and well. For example, the National Credit Union Administration approved 18 credit union mergers in November, according to the agency's latest Insurance Report of Activity . Meanwhile...(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/2hPXcWL
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