The question often comes up, “What happens to my loan after it closes? “Independent mortgage banks” almost always sell the loan into the secondary markets. Think of Sovereign Lending Group (SLG) as a toy manufacturer: factories produce toys, sell them to stores, and...
We’re more than halfway through 2023 and not only have mortgage rates not gone down but have risen to levels that no one predicted. The supposed experts who have been predicting an economic slowdown or recession are wrong, once again. Sovereign Lending Group’s...
We can’t control interest rates, or the entire U.S. economy. Federal Reserve Chairman Jerome Powell, on the other hand, has much more to say about those, and he and Fed presidents are often in the spotlight during the weeks talking about the economy. But Sovereign...
SLG’s focus is on mortgage products, pricing, and service. There are many moving parts that go into each one of those, and all of the news in recent weeks has been on the government and economy. What’s going on out there that impacts Sovereign Lending Group’s...
How would you like to pay a different price for two cheese enchiladas at your favorite local Mexican restaurant, depending on the table you sat at, or how much you weighed, or what kind of credit card you were going to pay with? Yes, some of that exists, but the vast...
When rates go up, bond prices go down, and vice versa. People who own bonds may not care if the price is going down since they don’t have to sell them , but many institutions do, including banks who own them. And in this environment, where people are second-guessing...
