Betty from Texas asked the following question: "I heard that there are changes coming in licensing requirements. I am planning on hiring several originators in the coming months. Can you give me the scoop?"

According to the MBA industry forecast for 2020, refinance volume is projected to drop by 24% from last year. The MBA predicts that refinance volume will decline even further in 2021 and 2022 with a decrease of up to 29% from 2019.

Federal Reserve Vice Chairman Richard Clarida said the U.S. economy is in a “good place,” during recent remarks. He also vouched for the central bank’s current stance on interest rates. So reports MarketWatch.