Posted To: Pipeline Press

Here’s a sign of the times. “Rob, I would think many lenders are for sale; they just don’t know it yet. EPOs, servicing write-downs, renegotiations, margin calls… If early pay off penalties are assessed for any loan that pays off in less than six months, and the industry was doing about $2 trillion a year, that means (roughly) $1 trillion of loans may be subject to penalties since they are at higher rates or on which investors paid more than 100. I know that I am generalizing, but still, thinly capitalized companies should be aware and preparing for this.” Something else that companies are very aware of is staff working from home, and sometimes take their cue from law firms. In a relationship business, law firms are analyzing the “work from home” question as…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: Mortgage News Daily