After quite a long drought, lending appears as though it might be bouncing back.
Don’t miss out on the REMN B-Day Bash in Vegas at the NAMB event! REMN always puts on a great party and this year will be no exception. They will be at the NAMB conference and on the 14th they are holding their party. There’s food, drinks and always a surprise or two so don’t miss it. You can get more information by CLICKING HERE.
Lenders are reporting some good gains which is a good thing considering that we’ve been at 2008 levels lately. The question is, why, and will it continue? That has yet to be seen but the feeling is positive. One thing that will continue to hurt lending however is the continued lawsuits from various government agencies. These lawsuits are massive and rest assured that the cost of paying a government agency finds its way to the rate sheet that’s being delivered to the consumer. The reason that consumers aren’t up in arms about it is because the rate environment is so low, that even with these costs factored in, it’s hard to complain about interest rates in the 4′s. If we were in a 7% or 8% market believe us, there it would be a different story. At any rate, tune in and learn all about it. We’ve got a couple more gems in today’s show as well including a great bit on the NAR for you.
With that you all have a wonderful day and we’ll see you tomorrow.
Frank and Brian