Blockchain mortgage lender Figure Technologies has announced a 300% surge in loan applications since the Federal Reserve’s recent emergency rate cut, bringing its total in funded loans to more than $1 billion. So reports TheBlockCrypto.

[vc_row][vc_column][vc_column_text]Bill Bodnar of the Mortgage Market Guide discusses the impact of the coronavirus, money feeling into safe havens, an amazing jobs report, The Fed’s unexpected cut and a nearly certain upcoming cut, and, of course, a crazy week of market volatility. With all that going on, he said its important to remind clients that while we will continue to see uncertainty, we know coronavirus outbreak will eventually end.[/vc_column_text][/vc_column][/vc_row]

In recent conversations with mortgage sales managers, many lamented that senior managers at their companies don’t want to hear the truth about potential issues. According to the sales managers I spoke with, senior executives only want to hear how wonderful everything is and that nothing needs to be improved.