The mortgage industry, as we know, is pushed and pulled by interest rates. Calvin Schnure, SVP of the National Association of Real Estate Investment Trusts’ recently stated, “The interest rates are keeping demand in check, but it’s not going to push it down. I don’t see the real downside risks people are worried about,”
My guest on today’s show, Bob Wasieko, is the Branch Manager for Geneva Financial. Bob has been in the business for over 22 years and I’m so pleased that he can lend us his expertise and unlimited knowledge of the mortgage industry.
During this episode, Bob and I discuss the Dodd-Frank Act, and how it has changed the fundamentals of mortgage lending. Furthermore, Bob explains the similarities and differences between 2008 and today, and how that is impacting the industry. He also provides his insights on where we are in the real estate investment cycle and gives his hypothesis on the trends we will be seeing for the next 5 years.
Tip of the Day:
Timely Information from Another Expert
#INVESTTHIS EP 21: Exclusive Tax Advice from Enrolled Agent, Scott Garner
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