Posted To: Pipeline Press

While in captivity it is important to keep busy . Every day people ask me where I think rates will be next week. Here you go: my forecast ! After you check out that graph, it brought to mind that Kris W. sent, “ For the third time this week I’m buying enough booze for the next two weeks .” Seeing large lenders in the mainstream press can drive one to drink, the latest example being Quicken Loans and a possible cash crunch . ( Any servicer who has to advance payments they don’t receive will be hit. As a reminder, the top servicers include Wells Fargo, JPMorgan Chase, Nationstar, Bank of America, NewRez, QLMS, PennyMac, and Freedom.) “Being hit” brings to mind the secondary markets right now. “Hey, the price you’re showing me isn’t what the…(read more)

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Source: Mortgage News Daily