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More grief from fallout. (fallout in mortgage borrowers) (Boardroom View) (Column)
Mortgage Banking
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March 1, 1993|
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COPYRIGHT 1993 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Borrowers are going to be dropping in and out of mortgage lenders' pipelines this year as rates lurch up and down with bond market mood changes. Mortgage lenders are going to have to contend with active rate shopping and the lack of brand loyalty on the part of consumers who have absolutely no regard for the cost of hedging.
"This year, mortgage banking will face as much or more grief than ever before from fallout," says Chuck, Eshom, senior vice president of secondary marketing, Directors Mortgage Loan Corporation, Riverside, California.
Eshom notes that already ...
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