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The former lender’s abrupt closure Wednesday and First Guaranty’s recent bankruptcy filing highlight difficulties in the current mortgage environment despite nonbanks being on stronger financial footing than their counterparts of 14 and 24 years ago.
Industry experts discuss evolving strategies in the hot MSR market as risks related to prepayments decline but concerns around credit and housing finance firms’ liquidity grow.
MLO and Sales Jobs; HELOC, Bridge Financing, Non-QM, Verification Products; Upcoming Events May 3 2021, 8:15AM Who is Guramrit Hanspal? Every servicer and lender hope good ol’ Gur doesn’t start giving lessons in how to avoid making mortgage payments, which he has avoided doing for 23 years and is still in his NY house. (If I were him, is that something I really want in the press rather than laying low?) In other news, nbroken” now, what do you think will happen as the U.S. economy picks up steam? (The audio version of today’s commentary is available here is ...