Dec
10

Projected Fed Funds Rates; Mortgage Companies Expanding; News from BofA, GMAC, Freddie, USB, Flagstar

By admin

Posted To: Pipeline Press

Employees at a pizzeria in Ireland were fired for watching porn on the job. Isn't that disgusting? Irish people attempting to make pizza! What isn't disgusting is the number of mortgage companies which are interested in expanding. For example, First Centennial Mortgage , out of Illinois, is sending out e-mails looking for originators. First Priority Financial , a retail shop out of California, announced that they were buying Austin Perry Financial , a wholesaler also based in California. CMG Mortgage has been expanding, as has Opes Advisors, Stearns Lending, American Pacific , etc., etc. - the list goes on. This is an interesting trend, as perhaps small to mid-size bankers are indeed seeing the origination "pie" shrinking in 2010, and are looking to maintain volumes and increase...(read more)

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Categories : Bank of America

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