Posted To: Pipeline Press

The stock price of American Airlines back to February 2020 levels. Investors seem to be “buying hope.” In Mortgage Land, though I am beginning to hear tales of pricing margins dropping slightly, if you’re a lender and it takes your back office two months to close a refinance, why make your pricing more aggressive? How does that help customer service? Prices and money are interesting constructs. I remember the thrill of finding a dime or quarter in a coin return when I was a kid. Hugh Hefner became a multimillionaire staying home in his pajamas… I am not seeing the same result. The older I get the more I appreciate alcohol that is on sale. But returning to taking two months to close a loan, I didn’t pull that out of… thin air. ICE Mortgage Technology’s (formerly…(read more)

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Source: Mortgage News Daily