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Alright, Pack Up Ship And Then Cut The Fat

A report from Mortgage Orb. "For the fifth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae's Q4 2021 Mortgage Lender Sentiment Survey. 'Mortgage lenders’ profitability outlook has significantly weakened over the past…

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It Means Another Lost Decade

It's Friday desk clearing time for this blogger. "Christian Chapman, a former underwriter at, has worked in the mortgage business for almost 20 years and has been laid off by three other mortgage companies in the past. However, none…

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That Model May Not Be Working

A report from the Daily Mail. "In his three-minute call, Vishal Garg CEO of mortgage lender Vishal Garg, said that the 'market has changed' - meaning savage cuts to the $7 billion company's workforce were needed to avert disaster.…

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