Mortgage Industry News
« Return to Mortgage Industry News
Bank, construction, Ops Jobs: 203(k), Credit, Doc Tools; IPOs, Debt Offerings, Lenders and Investors Making Moves
Thursday, October 22, 2020
40 million people have already cast their vote in the election is unprecedented. I can hardly wait to return to “precedented times,” “unprecedented” favored to win “Word of the Year” in 2020. Even the colors are unprecedented. When I was a kid, people would paint their room or house white. Maybe green, or a bold shade of beige. That’s all gone out the proverbial window as current house & room colors include Muslin, Foggy Morning, Rosy Peach, Beacon Hill Damask, Potters Clay, or Amazon Soil. And the “Color of the Year” award goes to… Aegean Teal! (Go ahead and takes those gallons of Adriatic Teal to the dump, they’re passe.) It is more fun to talk about creative colors than the unprecedented debt being issued by countries around the world, which economists tell us leads to higher rates, which in turn leads to fewer rate & term refis. But hey, with all this house price appreciation, is some cash out refi action in our vision for 2021, especially in the Agency sector? Meanwhile nearly every lender is working hard, focusing on helping clients. Ordinarily there would be a certain amount of planning around Halloween, of course. Someone in capital markets will have to wait until 2021 to take the prize with their “hedgehog” costume.
Read Full Article