The end of a challenging year for the housing finance industry is a good time to for mortgage professionals to consider some inspirational holiday reading that could help them recharge.
We spoke with mortgage executives about what books they might recommend for this purpose, and they gave us some reading list suggestions. We also came up with a couple of our own.
The following books may be helpful to anyone working in the mortgage industry who wants to take a break from their day-to-day work over the holidays to take a look at the big picture, or simply be inspired.
Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy by George Gilder
While some industry forecasts predicted origination volumes would fall 7% quarter-to-quarter in 4Q, early earnings numbers from Wells Fargo, JPMorgan Chase, Citi and PNC Bank show they were down just 3% when purchased loans are excluded.
The FHFA and Treasury will allow Fannie Mae and Freddie Mac to hold more capital as part of the Trump administration's plans to release the companies from conservatorship. But it is unclear whether the incoming Biden administration will keep the mortgage giants on the same reform path.