With the big drop off in refinancing, lenders are beginning to realize there is a whole world of would-be borrowers who have been unable to find financing for their deals — business they can address to offset lost production.
- There is a whole world of would-be borrowers who have been unable to find financing for their deals that lenders are beginning to notice now that mortgage rates are rising and the refinancing market has dried up.
- Providing jumbo loans, non-prime loans, loans to investors and foreign nationals, investors and even loans for recipients who intend to build their own homes are some of the new ways lenders are exploring the changing market.
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