Posted To: Pipeline Press

Despite the lousy weather in many parts of the nation, and Mardi Gras being cancelled, the year is off to a fine start for lenders, and borrowers benefitting from lower rates. Might there be clouds on the horizon? Sure. Rates are creeping higher, especially this morning. Are all your vendors set with URLA? With all that business done in 2020, far-sighted CEOs and owners know that repurchase requests or indemnification requests will pick up in 2021, and are setting aside money for them. Depository banks with concentrations in residential or commercial lending have increased reserves. Regulators are interested in the capital levels of non-depository servicers, especially those who have been retaining servicing during 2020. Servicing continues to evolve, and the latest STRATMOR article is titled…(read more)

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Source: Mortgage News Daily