Originating Mortgage Loans In a Declining Market
Thursday, September 18th, 2008The mortgage industry has undergone significant changes making it difficult for loan officers and brokers to stay in business. Among these changes are intense credit tightening and the disappearance of mortgage loan products. Credit tightening has been even more severe for areas in real estate markets that are identified as \”Declining Markets\”. Below are some suggestions for successfully originating in such markets.