Posted To: Pipeline Press

Yesterday afternoon my cat Myrtle was watching me mop the kitchen floor. (Hey, it’s not going to mop itself, right? And it is mildly amusing to use certain products – insert slogan contest here for 4 th grade humor.) While toiling, besides thinking about how much of a raise I am going to give the housecleaner, and the potential 20% unemployment rate to be announced tomorrow, I was ruminating on how residential lending continues to be altered. For example, not only is National MI selling stock , but residential mortgages have created an increase in mortgage market share for credit unions and have become the main catalyst for overall loan growth at credit unions for Q1 2020. And Reverse Mortgage Insight tells us that Home Equity Conversion Mortgage (HECM) endorsements more than tripled…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: Mortgage News Daily