Posted To: Pipeline Press
Someone asked me if I had plans for the fall. It took me a moment to realize they meant “autumn,” not the collapse of civilization. Lots of folks are keeping an eye on the collapse, or at least the decline in market value, of publicly held lenders. How much would you pay for a company, primarily wholesale, that is doing $2-3 billion a month and funded $30 billion in 2020 ? That well-run company (FAM) is valued at less than $300 million ! On the flip side, California’s housing market continues to be “en fuego” and Governor Newsom abolished single-family zoning . Will the laws signed end California’s housing crisis, enabling local governments to meet their long-term housing needs and produce housing more quickly? Can the roads and available water handle hundreds…(read more)
Source: Mortgage News Daily
