Posted To: Pipeline Press

Plenty of people are clamoring to be released from captivity , and changes in staying sequestered or opening up has become political. The lending climate certainly continues to change. Reverse mortgage origination has plummeted , for example. “You never want a serious crisis to go to waste,” said Rahm Emanuel after 2008, and officials aren’t. It was known that Freddie and Fannie weren’t wild about buying certain loan types, and look what happened to cash out refi pricing. Don’t forget that in January the FHFA, under Director Calabria, suggested minimum net worth requirements for servicers . Would anyone be surprised if increased capital standards came out of this? Fortunately heading into this health crisis, we had the lowest delinquency rates in years; now some…(read more)

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Source: Mortgage News Daily