Tag Archive for: banks

Jumbo Loans In Peril Because Of Commercial Bank Issues

The former owner of RPM Mortgage (now merged with Cross Country) told me about a particularly harrowing ordeal he went through in 2008. His company had locked tens of millions of dollars of loans with the intention of selling them to particular investors when they closed.Read More

Why Are Banks Not Paying Higher Rates for Deposits? Why Did Rates Plummet Today Too?

Why Interest Rates Are Rising Everywhere – Except Your Savings Account That was the headline from this recent WSJ article. Back in the 1980s, a general lack of savings in […]Read More

Who Funds Mortgage Loans? Banks, Credit Unions, Mortgage Banks, and Brokers

We host “Homebuyer Seminars” for buyers and “Mortgage 101 Seminars” for agents, and one of the slides that always derives a surprising amount of interest is the one that sets […]Read More