Broker, Correspondent Products; Non-Agency, Expanded Credit Product News

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Posted To: Pipeline Press

We’re entering the forecasting season, where thousands of managers have to come up with figures for 2020 regarding volumes, margins, and profits for CEOs and owners. Good luck. (Yesterday I told my cat Myrtle that she needed to provide me with 2020 forecasts for kibble expenses, litter use, and mouse & lizard consumption. The look of disdain she gave me was the equivalent of giving me the “middle claw.”) But if you’re looking for guidance, the Mortgage Bankers Association is a great place to start. In 2018 we did $1.64 trillion in originations, and the MBA predicts that in 2019 we’ll clock in with $1.94 trillion, and in 2020 $1.73 trillion, down about 10%. Dr. Michael Fratantoni noted that, “We are closely watching app volume to determine whether we will…(read more)

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