Posted To: Pipeline Press

Huh? Talk of a government shut down? Again? Are you the typical lender off to a record December, after setting records in November, October, September…? As attorney Brian Levy points out, “Mortgage bankers would be wise to skip the private jets and courtside seats and put a bunch of those fat profits away for a rainy day because it may come a lot sooner than you think.” (Just look at Mr. Cooper’s $73 million fine from the CSBS .) The end of the year always comes sooner than we think, despite 2020 having dragged during some months, and we’re growing older. We all get heavier as we get older, because there’s a lot more information in our heads. (That’s my story and I’m sticking to it.) Senility has been a smooth transition for me. The median (half above, half below…(read more)

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Source: Mortgage News Daily