Underwriting, Accounting Products; Fannie and Freddie Continue to Shift Risk

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Posted To: Pipeline Press

For me this week includes time in Indianapolis and Chicago. Once again, I am impressed by the talent in residential lending – the industry is filled with people helping clients and wanting to do it in a compliant, fair, and economical manner. But there seems to be one segment of the industry profitable, looking for new products, and trying to expand, and another segment hoping their cash holds out through the summer. “You can’t cut your way to growth.” Interesting times & opportunities. The big banks, which will certainly be around for the long haul, are steadily losing residential mortgage retail market share – which helps plenty of smaller lenders. Capital Markets Yes, the preparation for the fabled single security (both Freddie and Fannie loans in the same…(read more)

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