OCT 24, 2012

Related White Papers

Part 3: Technological Considerations for Leading in the New Mortgage Marketplace
Read Part 2: Changing Lender Process in the name of Consumer Protection
Part 1: Leading in a Changing Mortgage Marketplace
What We're Hearing

Are Mortgage Bankers Squirreling Away Enough Money?


For two years now we’ve been hearing that the refi boom won’t last. And guess what? It’s lasted. In fact, it’s lasted so well that this year mortgage bankers will fund $1.7 trillion in loans compared to $1.4 trillion in 2011. Lenders are happy and vendors are happy. There are many regulatory changes looming on the horizon but one of the most important (to smaller players) is the possibility of higher net worth standards coming from Fannie Mae and Freddie Mac, and maybe GNMA. We know lenders are making good money in 2012 so now is the time to ask: are they putting enough money away for a rainy day – money that can be used to bolster their net worth position?



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