Hard time for Independent mortgage lenders After crisis, banks account for less of the mortgage business Independent mortgage lenders are seeing their credit lines cut https://www.bloomberg.com/news/articles/2022-08-19/mortgage-lenders-are-starting-to-go-broke-as-loan-volumes-plunge
They sell every loan to Fannie anyway and just service the loan. Maybe their business model is broken if they can’t survive when it’s not literally the greatest period in history to buy a house?
Not jumbos
Tech Industry
Yesterday
1177
PM is irrelevant role and will die in next 2-3 years.
Work Visa
Yesterday
1189
Hypocrisy of Indians
India
Yesterday
1331
Ideal indian parents
World Conflicts
Yesterday
736
Peaceful Protest Hasn’t Worked and Has Been Met With Aggression.
Software Engineering Career
6h
1768
L4 Google -> 45 interviews, 5 offers, AMA
So, how does this affect us? It’d be nice if we could just stop paying loans with lenders that go under. 😆
That’s what happening in China 😊
Not in this way. Loans get packaged and sold because your debt is an asset to the buyer. Whether they go down or not you’ll be paying 100% of it.