The fresh new cyclical character of the business does not mean loan providers will be forced to operate which have size choosing or shooting given that demand for mortgage loans ebbs and you may circulates, experts state.

Rising interest rates has actually contributed to a serious get rid of sought after getting mortgage brokers and refinancing, resulting in a revolution out-of layoffs in the home loan departments on a number of the state’s biggest financial institutions, as well as JPMorgan Chase and you can Wells Fargo. Continue reading →