Originations Could Fall Below $1.3 Trillion in 2009: Report : HousingWire
by Tom on November 20, 2008
in Market Musings
Everyone on the origination side of the fence these days wants to know just what kind of market they’re going to face next year. The answer isn’t one many likely want to hear, if one forecasting firm is correct: originations could fall to levels not seen since the 1990s in 2009, according to a forecast released Wednesday by Des Moines, Iowa-based iEmergent.
A couple of thoughts about this report:
1. Ouch.
2. In a way, it doesn’t surprise me.
3. But more importantly, I’m working on some “things” that I plan on rolling out in the next 6 weeks that I believe will accomplish a couple of things in light of this report:
- Help create a better educated consumer base for mortgages.
- Help enhance the professionalism and understanding of the lenders in the market (yes, I believe it’s a win win proposition to help my competitors – more on that later).
- Help the real estate and building professionals guide their clients through this tumultous market better.
Ambitious goals? Yes, they are. But any goal worth pursuing needs to be ambitious.
Sound interesting? Stay tuned, I hope to have part 1 ready next week.
