Non-QM, 1st Time Homebuyer Program Training; Lender Cost/Pricing Changes

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Posted To: MND NewsWire

Why don’t you ever see the headline, “Psychic Wins Lottery?” Some people believe that economists have the ability to predict rates, bookmakers have the ability to predict winners and losers, and meteorologists can predict the weather. Remember when Costco was going to take over mortgages? Many predict we’ll see more lenders involved in either M&A or winding down this year, given the competitive landscape Berkshire Hills Bancorp, Inc. (NYSE: Berkshire Hills Bancorp, Inc. (NYSE: BHLB ) reported GAAP net income of $24 million, or $0.51 per share, in the first quarter of 2019. Not shabby. Contained in the earnings announcement, however, was, “The national mortgage banking operations of First Choice Loan Services, Inc. (FCLS: ‘The Exciting Journey Home’) have…(read more)

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