In Early Voting, It Appears Romney is Ahead. Never Mind…

Don’t believe anything you read on Facebook, Twitter, basic cable, Fox News, MSNBC and any other media outlets about the outcome of this election – until this election is actually over. The problem with today’s interconnected world is that there are too many ‘information outlets’ in existence today thanks to that wonderful invention called the Internet. Note: very few represent professionals who know what they’re talking about. You can always rely on a print newspaper (remember them?) but the morning editions won’t be out until 4 a.m. Wednesday. So, what’s the message here? Only trust me? No, not at all. For mortgage professionals the future of their industry is in the balance – but not necessarily because of this election. Yes, a new (or existing) president can shape the details of mortgage finance, but in the end it will be industry trade groups and lobbyists who explain the important operating details to our elected leaders and regulators. Let’s hope they get it right.

Origination

Servicing

Comments (10)

And you'll take another 4 years with more and more regulations over someone who at least has run a business and a State over current situation? If Obama was president of a company and lets say his sales dept and R&D depts couldn't work together and he couldn't bring them to work together, do you honestly think a Board of Director wouldn't have replaced him already?? Bigger situation, but same basic business principles. Congress is broken, no doubt about it, but someone has to be man enough and strong enough to get them to work together for the good of this Country!!

Posted by Traci Ramirez | Tuesday, November 06 2012 at 2:38PM ET

Unfortunately, they are both very extreme, though at opposite ends; and am still not sure which is the lesser of 2 evils

Posted by Felix Pressler | Tuesday, November 06 2012 at 2:59PM ET