2018 Will Test Mortgage Bankers, But Survival Will Pay Off
National Mortgage News, May 22, 2018–Bonnie Sinnock (Free Content)
Originations and margins are thinning, and there will be mortgage banking firms that don’t make it through this year, but after that, the numbers may look better. “What a tough business this is right now. Margins are just incredibly tight,” Mortgage Bankers Association Chief Economist Mike Fratantoni said at the group’s secondary market conference in New York.
