It’s time to think ahead a bit to the Spring of 2013. Around then refinancings will begin to wane (maybe) and smart mortgage bankers will begin concentrating on (hopefully) a vastly improved purchase money business. All this assumes, of course, that our elected officials in Congress can work with President Obama to fix the ‘fiscal cliff’ mess, thus avoid crashing the U.S. economy and causing the unemployment rate to spike. One thing we all know is this: unemployed Americans don’t tend to buy homes. When a strong purchase money business finally develops it will mean that residential loan officers with strong ties to Realtors and home builders will be worth their weight in gold.
Only LOs with Realtor/Builder Ties Need Apply?
NOV 14, 2012 12:22pm ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
- Fannie Mae to Trigger 'Seismic Event' for Underwriting
- Wells Fargo Scandal Exposes Need for Bank Loan Officer Licensing
- FHA Opens Door for 'Spot Approvals' for Condo Loans
- GOP to CFPB: You Don't Deserve Credit for Catching Wells Fargo
- Bucking Trend, SunTrust, Flagstar Stockpile Mortgage Servicing Rights
- First American Mortgage Solutions Makes Full Range of Services Available Through LendingQB
- Simplifile Adds 5 Counties in Western U.S. to Nations Largest E-Recording Network
- Simplifile Expands E-recording Network to Another 9 Southeast Counties, 14 Midwest Counties
- Simplifile Q2 2016 Report Finds Emerging Preference Among Lenders for Settlement Partners Who E-Record
- Another 23 Counties Across South, Midwest Adopt Simplifile E-Recording