What Is Your Plan When Refinance Volume Is Cut In Half?
By Steven Winkokur
Anyone who read the Mortgage Bankers Association’s recent 2021 forecast knows that refinance volume is soon to slow down. Purchase originations are expected to grow 8.5% to a new record of $1.54 trillion in 2021. Refinance originations are predicted to slow next year, decreasing by almost half to $946 billion. It might happen as early as Q1 2021, which is just months away.
With this in mind, what is your plan to prepare? Angel Oak Mortgage Solutions can help you with that right now through its non-QM options even if you are still heavily weighted in refinance volume. Anyone who waits might see their competitors in the lead while you are hunting for new business. Don’t let that happen – utilize non-QM and protect your future business growth.