Posted To: Pipeline Press

In these times that lenders describe as busy, profitable, and overheated, capital markets personnel are focused on margin & capacity management, staff burnout, servicing values, and warehouse capacity. With lenders upping their first lien forecasts for 2020, warehouse lines are being increased as are broker/dealer trading limits. Overtime is an issue, and companies are adjusting workflows. Some lenders are pricing refis (with lock periods averaging 45-60 days) different than purchases. Meanwhile, over in the HELOC division, things aren’t so robust. The Mortgage Bankers Association’s latest study on home equity lines of credit found that HELOC use declined in 2019 and is expected to fall again this year. The renowned Marina Walsh, MBA’s VP of Industry Analysis, observed, “The…(read more)

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Source: Mortgage News Daily