Posted To: Pipeline Press

If I were going to open up a store for eyeglasses, I’d make the sign in front of the building blurry. Lenders now don’t have to be so clever, as we’re in the midst of about the eighth “once-in-a-lifetime” mortgage market in the last thirty years. Remember when the industry feared that strategic partnerships, MSAs, and joint ventures were “against the law”? Or that Amazon was going to put everyone out of business? Or that TRID would push the cost of originating a loan past what the consumer could afford? I haven’t heard anyone uttering the phrase, “A race to the bottom” recently as lenders’ pipelines are chockfull of Agency and government-backed products. That said, there’s a lot of capital out there chasing deals, and a…(read more)

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Source: Mortgage News Daily