Mortgage Lenders ‘Make Hay’ With Loan Spreads Widest Since 2008

Bloomberg, June 16, 2020–Prashant Gopal, Shahien Nasiripour
Unemployment is high. Credit is tight. And scientists are warning that a dangerous second wave of the coronavirus is coming. But somehow, U.S. mortgage companies are having one of their best years in history. Consumers aren’t complaining. In rising numbers, they’re applying for mortgages, with purchase applications increasing for eight straight weeks, according to a Mortgage Bankers Association seasonally-adjusted index.