Posted To: Pipeline Press

I was on the phone yesterday with my psychic who told me, “You will live a long and healthy life if you abstain from anything that brings you joy.” Okay, I don’t really have a psychic. Besides, who could predict that an event in 2021 would already be cancelled: the Rose Parade ! Five months ago what fortune teller was predicting this mess? Here’s the latest volume prediction from the MBA . And what lender was predicting they’d be cutting back “peripheral” products from their product lineups in an effort to focus on funding the most loans in the shortest amount of time? No LO or underwriter wants to be bogged down originating a loan in an obscure program when there are five cookie-cooker deals in the hopper. It’s a good time to be an originator…(read more)

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Source: Mortgage News Daily