The mortgage industry changes are coming so fast and furious that I am unable to take my eyes off my computer screen for fear I might miss the next big announcement. Well, the news that has come out today will put more of a strain on the mortgage brokers across the United States.
It appears JPMorgan Chase will exit wholesale lending, focusing efforts on their retail mortgage division. Sounds eerily familiar to a blog I posted in July 2008 regarding another big bank:
http://kotarnews.com/2008/07/ever-changing-landscape.html
As is discussed at my seminars, please make sure you keep up to date with your mortgage professionals so you know where to turn when your buyer and/or seller needs advice.
Tuesday, January 13, 2009
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