11-14-2023, 06:28 PM
|
#8
|
|
Senior Member
Join Date: Feb 2008
Location: Gilford, NH / Welch Island
Posts: 5,958
Thanks: 2,298
Thanked 4,959 Times in 1,924 Posts
|
Quote:
Originally Posted by FlyingScot
I do not have knowledge on BNH, but the key word is "originating"--serving potential lenders who walk in the door one by one, and doing all the credit assessment and mechanical stuff necessary for people to have cash in hand. In doing this, they compete against low overhead mortgage-only lenders. Interestingly, they may still be financing mortgages--they could buy the loans from these mortgage-only lending companies. Other ways to make money would be business loans.
But I agree with your general implication that their purpose as an organization should be doing exactly this kind of thing
|
In my opinion, they did a terrible job with this news release….and there will be repercussions.
Dan
__________________
It's Always Sunny On Welch Island!! 
|
|
|