Could lenders’ pain be your gain if you’re shopping for a home mortgage? Maybe. Though it hasn’t been in the headlines, mortgage companies are having a challenging year. Not only have total originations of new loans declined as the refinance market shrinks because of rising interest rates, but many lenders could be staring at red ink and staff layoffs, as well. Michael Fratantoni, chief economist for the Mortgage Bankers Association, the industry’s largest trade group, […]
source https://therealdeal.com/2018/06/08/homebuyers-can-reap-bargains-thanks-to-growing-lender-competition/
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