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Mortgage Lenders ‘Make Hay’ With Loan Spreads Widest Since 2008

  • Industry sees profitable start to year even with pandemic
  • Cheap borrowing costs fuel surge in home loan applications
Residential homes stand in Sausalito, California.
Photographer: David Paul Morris/Bloomberg
Updated on

Unemployment is high. Credit is tight. And scientists are warning that a dangerous second wave of the coronavirus is coming. But somehow, U.S. mortgage companies are having one of their best years in history.

Just ask Keith VandenAkker. He’s forgoing weekends to keep up with the work.