BLUELINE Blog
Market Commentary: The Impact of Lock Pull-Through on Hedge Performance & Profitability
03
December,
2019
/ by Michael Clark, Ph.D. and Brian Love
When an interest rate on a mortgage is locked with the borrower, the loan origination process is far from complete or pre-determined. Circumstances may arise that jeopardize the likelihood that the loan will close. The underwriter could find the borrower to be unqualified, a [...]