Sometimes folding your cards and taking money off the table isn’t so bad. I know of many mortgage bankers who are losing significant amounts of money each month. Nonetheless, they are still using the same model that they have been…
So many owners of mortgage banking firms have their entire net worth in their companies. They enjoyed the mini-boom of the past two years, but now, cash is hard to come by as the market turns again. They should look…
I had the privilege of attending the MBA’s Secondary Conference in New York City a couple of weeks ago. I love this conference. It’s one of the few times of the year when I can get together with the folks…
As an industry, we have a lot on our collective plate these days. Then again, we’ve had a lot on our plate for a while now. It’s been a slow start to 2014. Re-fi is a thing of the past.…
The good news is that your mortgage lending business has a very large net worth. Your servicing portfolio has become a very large asset which seems to be gaining value every day. The bad news is that your cash resources…
