Every pricing action has a reaction. As a mortgage pricing manager, every move you make has some expected outcome. But of course, how the market reacts to your decision to increase margin can negate your move. When you make your moves in an effort to change your competitive position, how will you know whether your actions have been effective?
Financial results from the first quarter of 2020 are mostly in, and no surprise there’s been a sizable impact from COVID-19. Net earnings are significantly down, but in many cases this is mostly a function of choice as more cash is being redirected into Provision for Loan Loss (PLL) accounts.
A new breed of financial technology firms is pitching American homeowners on a different way of tapping into home equity: If you’re sitting on a pile of it, these investors will buy a piece of your house. The co-ownership arrangement isn’t cheap, but it presents an alternative to furloughed or laid-off workers who no longer qualify for home equity loans or cash-out refinances.