Posted To: Pipeline Press“Stay away from negative people. They have a problem for every solution.” There are plenty of folks out there reminding lenders of the seasonality of residential lending. But in places like Phoenix lenders look forward to winter since it’s their peak season. On the lending side, do you work for a non-depository lender? Or compete with one? If so, and I’ve mentioned this before, you may want to read this research piece on the risks, and strengths and weaknesses, of non-bank lenders . Hint: watch out for rising rates and declining home prices – which is exactly what we’re seeing in some areas. But knowing the risks is critical to reducing them. Upcoming Events The impact of Hurricane Florence continues. According to CoreLogic, flooding and wind destruction…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631