By Rob Chrisman
Posted To: Pipeline Press
Daylight Savings commences for many parts of the U.S. dark and early Sunday morning. For many this means spring is around the corner, with improved weather and the nearing of the “home buying season” which kind of coincides with “kitten season”, per my cat Myrtle. We need to get through March first, and I am hearing continued anecdotal murmurings of lender’s February volume successes continuing into March. But is too much of a good thing bad? More specifically, fundings from those great January lock days should wrap up this month, and for some non-depository lenders the focus is on avoiding the expected warehouse strain and fluctuations in staffing needs. Personnel are working on clearing up suspended loans, and the usual investor culprits are being sworn at for dragging their feet on buying…(read more)
Via:: Jumbo News in Primary, Secondary and The Securitization Markets
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