|
|
Article: What's Hot, And What's Not: A cautious pragmatism was on display as we talked to lenders about the outlook for this year at the Mortgage Bankers Association's annual convention in San Francisco.
- Article from:
- Mortgage Line
- Article date:
- February 17, 2005
CopyrightCOPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
BRAD: Rates have not risen as fast during 2004 as some might have expected. In fact, as we conduct this session (in October), the 10-year Treasury is actually under 4%. How do you see the market going forward?
JUDY: If I could call that, I wouldn't have to hedge. The MBA's forecast seems pretty reasonable to me.
BRAD: Has your business been what you expected it to be for 2004 or has it been better?
SUE: Our business has never been better and we look forward to having it continue to grow in different ways. I think it is weeding out a lot of the brokers who were the refi brokers, who possibly lacked in some of the professionalism that you look for ...