Underwriting, Appraisal Products; Lender, Vendor, and Borrower Products

Yesterday’s commentary mentioned that there were “rumors” of Citi re-entering the correspondent channel. I apologize for any confusion. Readers should understand that Citi has never exited the correspondent channel, and the rumors revolve around Citi beefing up its presence in that area. In addition, the comment about pair off fees was hearsay and certainly not Citi’s company policy. Speaking of banks, under the “damned if you do, damned if you don’t” category, people in their 20s and 30s' desire to under the “damned if you do, damned if you don’t” category, people in their 20s and 30s' desire to aggressively save and retire early could be problematic for the Federal Reserve. Saving is good, right? Others say a generation of vigorous...(read more)

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