Sep. 9: Mortgage jobs; Stonegate files for going public; changes in Texas laws & LO requirements; compliance for broker to banker
We’re all watching the residential lending industry change, although in Saturday’s commentary I noted several bank mergers from recent weeks. Whether it is banks, or mortgage banks, I received this note from a long-time industry vet that sums things up: “The cause of many mergers is a result of increasing regulatory costs eroding marginal profit…