The next refi boom’s double-edged sword: EPOs
Housing Wire
SEPTEMBER 12, 2023
“But the branches are charged into their profit and losses, so they want to try to avoid it as much as possible,” co-founder Bobby Nicely said. EPO penalties can easily be up to 3% of the individual loan pricing, translating into thousands of dollars in most cases, Nicely said. That puts me in a really bad position.
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