Refi rally for TexasLending.com - Kansas City Business Journal:

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“Generally, that does buck the It looks like they’re gearing up for a turnarounde and they want to get ahead ofthe curve,” said who does not follow TexasLending.com becausre it is privately held, but commentedr generally on residential mortgage industry conditions. Expanding now could be riskh if interest rates rise and home sales continue to slide, Ryan added. Although borrowin g costs remain nearrecord lows, interesgt rates have risen slightly in recent weeks. The rate increases are likel y to continue if theoverall U.S. economy continues to said Dana Johnson, senior vice presidentf and chief economistfor Dallas-based Comeric a Inc.
Even with the slight upticok in rates, the mortgage industry is likelh to see strong activity as falling pricex make homesmore affordable, Johnson In that respect, adding mortgage industry jobs in the next severalk months makes sense, he said. “There was a big pullback when a lot of mortgagee lenders went out of business after thesubprimse crisis,” Johnson said. “I can certainly understand why some peoplew would view it as an opportunity to be a strong player when mortgageactivity recovers.
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