|
|
|
|
|
|
National Mortgage Professional Magazine - June 29, 2009 |
A View From the “C” Suite: Survivor
 - An article by MBS' David Lykken -
National Mortgage Professional Magazine – June 29, 2009 – “Survivor”... no, not the widely popular television show, though many similarities of people surviving a jungle and learning how to adapt to the current industry environment. But all of us that are still surviving in this industry and plan on seeing it through these tough times and look forward to getting to the more lucrative and positive territory again. We believe that this industry must pull itself up by their boot straps, continue to work hard and plan to change the mystery of this industry in order to gain back the respectability it deserves. The mortgage lending business has been a mainstay of the financial economic landscape for many decades, and consumers, as well as industry veterans, need mortgage lending to regain its position atop the financial services arena so people can purchase homes and be offered refinancing options to obtain the wealth rewards we want to achieve.
We have both been employed in the mortgage lending business for over a combined 60 years, and have commented that these past two years have been the most difficult and challenging times we have seen in the business. From the beginning of this decade, we have seen a record volume of originations, as well as record profits and commissions for the industry. Many people made a lot of money during this span, but a lot of mistakes had been made as well. Many people have come and gone from this industry over this past decade. The industry as a whole has taken a large hit to the foundation and the principles that have made it the stronghold of this country. ...
Click here to read the entire article from National Mortgage Professional Magazine. |
Call: 512.977.9900
|
|
|
|
|
|
