Mortgage Professional America forum is the place for positive industry interaction and welcomes your professional and informed opinion.

No housing boom this year -- bank honcho

Notify me of new replies via email
Mortgage Professional America | 04 May 2015, 05:00 AM Agree 0
The head of the nation's largest mortgage lender says that while mortgage demand is rising, there are too many stumbling blocks for a true housing boom this year.
  • Dominick F Sammarone | | 05 May 2015, 06:38 AM Agree 0
    In the 1980's I was in my 20's. I bought my first 2 houses. At that time I was making in the $50,000 range. I had NO $500 per month Obamacare payment or Studrnt mortgages. I was single at the time. I have been writing mortgage mortgages since 1984.

    Middle class is shrinking. People are getting married and having kids later in life. Home values have more then doubled. Monthly expenses have more then doubled. Incomes have not.

    Can someone please tell me where the target is?
  • | | 05 May 2015, 07:02 AM Agree 0

    The "Target" for you is residential real estate with sale prices and market values above $2.5M
    I think you can figure out why!
  • Dominick F Sammarone | | 05 May 2015, 07:41 PM Agree 0
    I know what the target is.

    Just wanted to see how many others knew. Rome is burning.

Post a reply