Origination, Non-QM, LO Products; U.S. Economy Continues to Chug Along

Posted To: Pipeline PressI want a free vacation! I want a free fancy car in the garage in my newly-built McMansion! Apparently, due to sagging sales, with some builders I can indeed have those things, and more. Builders in many locales are proving that, regardless of which administration is in power, or who takes credit for some aspect of the economy doing well, business cycles are a fact of life . Lenders know a lot about business cycles, and the number of nonbank mortgage lenders was down by about 3.5% at midyear from the end of 2017, according to the Conference of State Bank Supervisors. (Speaking of “wants,” if you want an “Air Selfie” for Christmas, aka mini-drone, here you go .) Lender Products and Services “Lendsnap is the favorite Digital Mortgage app for non-QM Lenders. Our partners…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

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Michael Ayoub, Author NMLS ID 6631