A Colorado man has pleaded guilty to federal bank fraud and aggravated identity theft charges in a scheme involving almost $32 million in phony mortgages, according to authorities. So reports the Boulder, Colo. Daily Camera.

Jason from California asks: "In my 20 years as a loan officer, this has been the weirdest year. What do you think the rest of this year is going to look like from a production standpoint? Will the refinances continue? Will the purchase market collapse as it did the last recession?"

In the current marketplace, where volume is overwhelming and many lenders are turning away business, it may seem counterintuitive to discuss what it will take to succeed in a 2021 purchase money environment. Nothing could be further from the truth.