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AE, MLO, Underwriter Jobs; ECOA, Productivity, QC Tools; Agency Updates; Jobs Report and Mortgage Rates

Posted To: Pipeline Press

I realize that this is a commentary about lending, but it is good for MLOs to be cognizant of what their real estate agent client’s clients want… In a kitchen. And here’s a handy dandy chart from builders showing popular kitchen features . My grandmother had one, and I want one: a walk-in pantry! Lots of people want lower rates, despite them often being an indicator of a weaker-than-expected economy, and recently the risk-free 10-year T-note, with no risk of default or prepayment, hit 1.36%. I love the fact that after the last Federal Open Market Committee meeting, plenty of people jumped on the “rates are going up for the rest of the year” bandwagon. Experienced capital markets personnel never bet on the market going one way or the other , and the 10-year dropped…(read more)

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