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Lenders make money on origination (closing a loan) not servicing (interest). So there is a strong motivation to originate more loans and sell them quickly. In a
by subpixel 6y ago
Lenders make money on origination (closing a loan) not servicing (interest). So there is a strong motivation to originate more loans and sell them quickly. In a bad enough environment the pressure will be to make as much money before the shit hits the fan.