Preparing for the Unpredictable: Mortgage Industry Insights and Disaster Response

Preparing for the Unpredictable: Mortgage Industry Insights and Disaster Response

Show notes:
TMSpotlight:

10.07.24 “Lonely Days, Lonely Nights” For MLOs

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Loaning days, loaning nights. Where would I be without a loan app?

The Fed cut rates when the 30-yr rate was 6.11, and three weeks later Mortgage New Daily index was 6.53, the highest rate in two months. A year ago, loans were made at 8%. When I was an MLO, the highest loan I made was 18%.

Within a year, you’ll see loans in the 8s and 5s. Meanwhile, life happens. People move, get married, have children, start businesses, and remodel to care for others.

MLOs make life loans. Listen to borrowers sing, and you’ll be singing with them.
Come take my loan app, in your way (ah-ha)
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Song: Lonely Days (1970) Bee Gees-