Sam Bjelac News Today : Breaking News, Live Updates & Top Stories | Vimarsana

“Who closes the door when the bus driver gets off? The world is full of questions. “Why have all the predictions of lower rates been wrong?” Yesterday I was in the SF Bay Area giving a speech to a group of LOs and management and was asked, “Rob, are you hearing that lenders are requesting clients pay for the credit report(s) up front?” Absolutely I am. Lenders have grown weary of paying for the credit reports of loans that don’t fund and heaping those rising costs on the loans that do. “Rob, are mergers and acquisitions going to pick up?”...

With inflation hitting a 40-year high in June, has it come time for the 40-year mortgage to become more widespread? It might be the appropriate time for traditional lenders to offer loans that could help both homebuyers and mortgage originators.

"There are more self-employed business owners since the onset of the pandemic, and their needs are not easily met by traditional loans," an exec said.