Non-QM Products; Personnel Moves; Lender Profit Study; PennyMac/MCT API Bidding News

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Posted To: Pipeline Press

Lenders need to be aware of the myriad of things that indirectly impact our business. The poverty rate declined overall in 2017 but the rate among Hispanics had one of the largest year-to-year drops across demographic groups and was the lowest since poverty estimates for Hispanics were first published in 1972. Nice! We can balance this good news versus… A trillion dollars of student debt? Yup . And from 2000 to 2012, 9.5 million people were diagnosed with cancer in the U.S. Of those people, more than 42 percent drained their life’s assets within two years . Cancer patients are 2.65 times as likely to file for bankruptcy. (While I’m ranting, American drug companies, who argue that the prices they charge are re-invested back into research and development of new medications…(read more)

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