Posted To: Pipeline Press

With all the hundreds of thousands of borrowers around the nation left to refinance, lenders are understandably concerned about mortgage rates creeping higher, removing swaths of rate & term refi candidates. Of course, companies with servicing are watching the balance sheet value of that asset increase nicely as rates move up, once again providing a hedge against declining margins or volumes. Industry analysts point out that smaller servicers may be priced out of the market due to rising servicing costs, however. And lenders are looking at other products, like Symmetry’s HELOC program. Meanwhile, Fannie addressed 2 nd home & investment properties , and congratulatory notes filled the airwaves as Ms. Marcia Fudge was confirmed by the United States Senate to lead the Department…(read more)

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Source: Mortgage News Daily