LO Training, E-Closing, Marketing Products; FHA and VA Changes

LO Training, E-Closing, Marketing Products; FHA and VA Changes

Posted to: Pipeline Press
Tuesday, June 11, 2019 5:08 AM

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As I head to Kansas today, I have a great quote. Lenders I visit with are optimistic, raising margins to slow volume based on capacity constraints, and entirely different outlook than a few months ago. James Duncan with Texas’ Thrive Mortgage sent, “Watching a lot of what’s going on frequently reminds me of one of my favorite quotes about our industry. Dartmouth’s John Vogel quipped, ‘The real estate industry is comprised of 10-year cycles and 5-year memories.’ And every month we have dozens and dozens of housing statistics thrown across the airwaves, and yes, they have cycles. In the NAHB’s new Home Building Geography Index, a quarterly measure of building conditions across the country, the “exurbs” (outlying counties of large metro areas with at least 1 million residents) were the only region type to show net single-family permit growth from the first quarter of 2018 to the first quarter of 2019. Single-family permits grew by 1.6% in “exurbs” during this time frame.

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