Posted To: Pipeline Press

“It was the third of September, that day I’ll always remember , yes I will… Wherever he laid his hat was his home… And when he died, all he left us was a loan.” Oh, sorry, “alone.” (And yes, I dance like that, at the 2-minute mark, when I finish sending this commentary out every day.) My guess is that The Temptations, through hard work and talent, generated a fair amount of wealth for themselves and those around them. I know that we’ll probably have a record number of MLOs who earn north of a million bucks this year. Did you, as a lender, make some doubloons in the 2 nd quarter? I sure hope so. Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $4,548 on each loan they originated in the second quarter…(read more)

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Source: Mortgage News Daily