Posted To: Pipeline Press

Folks will sometimes ask me, “It’s a mystery: What kind of preparation do you do before writing your daily commentary?” Although no one has ever filmed me, this is a close approximation . Another mystery is how much vodka goes into scrambled eggs. What isn’t a mystery is that some companies, especially in the non-QM or jumbo business, like Redwood Trust, have unfortunately cut staff. (For those wondering, here’s the difference between a furlough, a layoff, and a reduction in force.) Things are changing. “Grocery shopping has become a real-life version of PAC-Man. Avoid everyone, get the fruit, and take any route to avoid contact.” Meanwhile, others are busy focusing on closing the loans in their pipelines as there are still trillions of dollars of home…(read more)

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Source: Mortgage News Daily