Posted To: Pipeline Press

This morning analysts are talking about the 5 million people of Melbourne, Australia now under a new 6-week lockdown. Lockdown! In this country, we have four long months until the election, with plenty of mudslinging ahead. But here is a short piece on how to think about politics and mortgage origination: “Mortgage Outlook: What if it is Cloudy?” is focused on the current political climate. (Yes, 2020 estimates are in flux.) Focusing on residential lending, yesterday a CEO told me, “If you’re not making money now, go do something else for a living.” All evidence points to a superb 2 nd quarter , and even with the economy contracting over the past few months and millions of borrowers going into forbearance, somehow U.S. mortgage companies are having one of their…(read more)

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Source: Mortgage News Daily