Margin Improvement, Non-QM, Secondary Tools; FGMC Fallout; California MBA Weighs In; Broker Petition
We’re all trying to save a few pennies. We have the increase in postal rates coming soon and perhaps pick up a roll, or ten, of Forever Stamps. It’s not like they have an expiration date, unlike, apparently, lenders. Remember names like AmeriLoan, Countrywide, PNC, WaMu, Home Savings of America, Fleet, Great Western, World Savings, Associates, Nat City? “We are writing to share an update on _____’s efforts to address significant, unexpected, and unprecedented economic pressures facing the entire mortgage market. As you know, the mortgage market faces mounting macroe...