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Mortgage Professional America: Can you give me an idea of how, when, and why you started in the mortgage business? Stephen Cardillo: Started in May of 2003. A friend of mine worked at a mortgage company and thought I would be a good fit. I…
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“The reality is now we’ve got to go through this,” he said. “We have too much liquidity, which needs to come out. What that means for our business is that we’re seeing, like everyone else, a period of rapidly rising interest rates once a…
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“The forbearance rate for Ginnie Mae loans increased for the fourth consecutive month, and the overall performance of the portfolio declined for the third consecutive month,” she said. “Furthermore, the performance of government…
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