In an interview with National Mortgage News, former Federal Home Loan Bank of Chicago government Steve Thomas complained in regards to the present lack of product improvement in the mortgage enterprise.
That is probably going due to a reluctance amongst lenders to create these distinctive packages outdoors of the company and authorities spectrums particularly since Monday morning quarterbacks on the monetary disaster blame non-public choices for inflicting the issue.
Thomas just isn’t seeing any innovation whilst non-agency mortgages are a rising section of {the marketplace}.
But some trade gamers have made new product bulletins or in any other case have packages that are outdoors of the field relating to home lending.
The following is a roundup of some latest information from these trying to assist lenders and customers in alternative ways.
