Start the New Year off Right
As we make the turn into 2021, we are all still facing significant uncertainty and headwinds related to the state of the mortgage-lending industry. No doubt the low interest rates over the last year have, and will continue to, spur on record refinancing rates as we see continued rate restraints from the Fed as well as an aggressively priced secondary market. Add to that the fact that many small to medium-sized institutions have seen tremendous stress to their portfolios as new production has been eclipsed by run-off from the current refinance boom. This week’s comments will discuss some options that may be on the table related to these various scenarios.