Mortgage Industry Roars to Best Year Ever, Courtesy of the Fed

Bloomberg, Dec. 4, 2020–Prashant Gopal, Christopher Maloney, Shahien Nasiripour
The Federal Reserve has handed U.S. mortgage lenders their best year ever. Nobody knows that better than Shant Banosian, the industry’s first billion-dollar salesman. By his own count, the loan officer is personally set to originate a staggering $1.5 billion of home loans by year’s end from his office outside of Boston, a record in a year of records for the mortgage business.
https://www.bloomberg.com/news/articles/2020-12-04/fed-delivers-biggest-year-in-history-for-u-s-mortgage-industry?srnd=premium