Relevant:
- Fed MBS Program Update: $34 Billion Left to Spend With Four Weeks to Go
- mortgage bankers see another profitable quarter
- Foundation Financial to Hire Loan Officers and Underwriters
- mortgage purchase volume expected to outpace refinance activity in 2011
- Mortgage Banker Production Volumes, Profits and Per Loan Costs All Higher in 3Q
2011-01-14 — mortgagenewsdaily.com
"Many of the mortgage bankers we visited last quarter were projecting an uptick in loan volume in 2011. They realized origination volumes in general would probably decline in 2011, but most were planning to pick up a few new branches and loan officers to offset the industry-wide forecast for a production slowdown. I suppose some companies will find success in their attempts to hire more originators, but not every operation will be able to add production simply by bringing on new loan officers. There just isn't enough business to go around. When the music stops, someone will be left without a chair to sit in."
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