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MI, MLO, Multi-family Jobs; HELOC, Non-QM, Sales, Compliance Products; Agency News

Posted To: Pipeline Press

Overheard recently: “I just want a man who will make me laugh as we count his family’s money on his rock-hard abs.” Lenders are doing okay, money-wise, as we put another month under our belt. It wasn’t a particularly good month from the perspective of COVID, Afghanistan, hurricanes, or wildfires here’s a driver’s view ). But it was a decent month for many lenders, and early indications point to the purchase market picking up and boosting numbers over July’s. Margin compression is related to origination channel, ranging from correspondent through wholesale and then to retail and direct-to-consumer. Lenders are seeing fewer extensions now as operational capacity has increased. At the “top of the funnel,” home building is well below historical…(read more)

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