Wednesday , 27 January 2021

M&T, S&P, Morgan Stanley, & Moody’s Legal Updates; Training Events

By Rob Chrisman

Posted To: Pipeline Press

In the last few weeks I have had the opportunity to visit Florida, Oregon, Colorado, Southern California (its own state), Arizona, Texas, and Florida again. Most are pretty optimistic about the biz but cautious about staffing up for refi business. Along those lines, what does “6 to 75” mean to you? If you’re a correspondent lender, it means the approximate number of correspondent investors there were in 2008 versus now. If you’re a warehouse lender, it means the approximate number of warehouse banks there were in 2008 versus now. This is nowhere near exact, but it is indeed interesting. What does it say about the industry? Darned if I know – but with plenty of higher net worth lenders dealing with the agencies directly, what does that leave for the scores of investors offering correspondent…(read more)

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