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UW and API products; FHA/VA/Ginnie Updates; DACA Policy

(Mortgage News Daily) - 8 months, 2 weeks ago
 Posted To: Pipeline PressChris Whalen notes, “The failure of Bear Stearns & Co a decade ago illustrates the key lesson of financial markets, namely that non-banks are dependent upon 1) banks and 2) clients for liquidity. And no amount of capital will save a non-bank that has a deficit in terms of confidence. In times of market stress, credibility and character are far more important than capital.” On the flip side, Angelo Mozilo famously observed that a liquidity crisis will take...
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