The trend continues. First BofA moves out of the Wholesale mortgage business, now they announce that they might sell or even just outright close the Correspondent mortgage channel. This is a clear trend with Banks getting out of the Mortgage business, now the nations largest in BofA. This shows that companies like Mason-McDuffie Mortgage will be more and more the type of mortgage company people would want to deal with. A local, community based, and employee owned company.
– William J. Simpson, SVP of Production