Lenders that offer “fix and flip” financing to single-family investors are having another good year for the most part and see little in the way of either stiff competition or dark clouds on the horizon.
Mortgage lenders became slightly more daring in terms of the credit characteristics of the loans they sold to Fannie Mae and Freddie Mac during the second quarter of 2018, according to an exclusive new Inside Mortgage Trends analysis and ranking. [Includes two data charts.]
Most mortgage lenders earned money on their loan production and servicing operations in the second quarter of 2018, but income was generally down from previous periods. [Includes one data chart.]