Posted To: Pipeline Press

What if you bought into an investment thinking you were going to earn a decent return for 30 years and instead it paid off in four months? Not only that, but you paid 103 for it, only received 100 in four months, and now had to invest the money and earn a lower return? You wouldn’t like it. A year ago the industry was dealing with a price war among the three major wholesalers, due in part to how one company may value servicing differently than another. Yes, the value of servicing is included in pricing to your borrowers, and “how rate sheets work” is worth any loan officer knowing. (Recently the commentary had a piece that spelled it out .) The price “war” has long since died down, but now, with the decline in rates due to the unexpected potential impact of the…(read more)

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Source: Mortgage News Daily