Government Shutdown Week 2: Bigger Lenders Dont Sweat It, Smaller Firms Have Problems
October 10, 2013
Large lenders appear to be coping better with the partial federal government shutdown, but that doesnt mean the megabanks arent worried about the situation. According to interviews conducted by Inside Mortgage Finance, lenders big and small are adjusting the way they conduct business in the primary and secondary markets in the wake of the government shutdown, now in its second week. Wells Fargo and JPMorgan Chase, the largest correspondent buyers of mortgages, are waiving...