Ops, MLO Jobs; Sales, Non-QM, HELOC Products; Agency and Investor Disaster Policies; the Fed and Rates
Ops, MLO Jobs; Sales, Non-QM, HELOC Products; Agency and Investor Disaster Policies; the Fed and Rates Mar 1 2021, 8:21AM With the jump up in mortgage rates Thursday, and the move back down Friday, a few lock desk personnel wrote to me over the weekend asking about ways of keeping LOs who floated when rates were low, or locked loans at the bottom, off their back. Here you go. Certainly, the mortgage servicing rights of the 2020 book have become more valuable to those holding it as the perceived duration has increased: At this point who is going to refinance a 2.75 3...
Source: mortgagenewsdaily.com