Posted To: Pipeline Press

Some will say that the world’s most anticipated palindrome is “1-20-21”. Others will say that Inauguration Day spells the end of personal freedom in the United States. In our business, lenders everywhere have their eyes on the horizon. One grizzled industry “Eeyore” emailed, “Every time I see headlines and reporting about giddy mortgage profitability and companies going public in the best year ever, I remember that Liz Warren is still in the Senate, Joe Biden wants to tax the rich, and the fate of Fannie and Freddie remain uncertain and subject to government action. After COVID struck the industry with March’s capital markets gyrations, the Fed’s action to flood the market with liquidity turned what was going to be a disastrous year into the best…(read more)

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Source: Mortgage News Daily