The coming months could see more job losses as lenders adjust to the new economic environment. But some Massachusetts lenders don’t see layoffs on their horizon thanks to decisions made when the refinance boom began two years ago.
With the busy 2020 refi and purchase markets looking set to continue into 2021, lenders hope to lean on the investments they made last year.
With Massachusetts still lacking the inventory needed to meet buyer demand, loan originators have had to get creative in how they work with prospective homeowners.
The U.S. Court of Appeals for the District of Columbia handed PHH mortgage an early Christmas present in their strongly-worded, 110-page decision vacating a $103 million fine and finding the structure of the Consumer Financial Protection Bureau unconstitutional.
