Posted To: Pipeline Press
"Rob, are you hearing that residential lenders are nervous about releasing their 2nd quarter results to warehouse banks, correspondent investors, and other counter-parties since they aren't as good as hoped? Or even delaying them?" Yes, I am hearing rumblings of that, but hopefully plenty are anxious to release them to show how well they did. No one is immune to cutbacks and changes in business models, the latest example being Pacific Union's shift in El Paso . (Applications were down again last week.) As an industry we're coming up on the 10-year anniversary of a heckuva lot, and with it various write ups. For example, RPM Mortgage's Lepre produced, " Lessons from Lehman Brothers 10 Years Later : Watch for these signs to guard against a repeat of the...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
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