LoanDepot (LDI) Flying for last 2 days
From Inside Mortgage Finance - Today
The big question for all mortgage professionals: Are we in for some
type of mini refi boom? Owners of 3% mortgage servicing rights don’t
have anything to worry about, but what about 6.5% - 7.0% paper that’s
older than six months?... In general, the share prices of several
nonbank mortgage shops were trading up Monday, but none super
dramatically…One thing we’ve been hearing the past two weeks is that
warehouse lenders are starting to get more line-of-credit inquiries from
their nonbank customers. Later this week Inside Mortgage Finance
publishes its ranking of the nation’s top 15 warehouse providers…
(LDI is a non-bank Lender - fwiw)