Posted To: Pipeline Press

How the heck could anyone value a mortgage company these days? The value is pretty much comprised of its servicing, cash, receivables, and assets (loans held for sale). I guess we’ll all find out if, and when, Quicken Loans does an IPO , and Dan Gilbert winds up reporting to shareholders. Are you kidding me? Responding to analysts every quarter limits (some would say “handcuffs”) one’s decision making, especially long-term decisions . The Federal Reserve, which knows a few things about decision making, has indicated it is planning to hold interest rates near zero through 2021 and potentially 2022 and is working on more ways to help the US economy recover from the coronavirus pandemic. Given that, lenders, what are you going to do for a few years with these low rates…(read more)

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Source: Mortgage News Daily