Show me whatcha got.....

Everyone in the mortgage game is from Missouri.?Skeptics at our core.?We have all seen one-too-many mouse traps merely painted blue instead of red to get too excited about too much.?The one thing you can count on this industry to get excited about is rates - and more specifically, the Fed.??

The Fed is certainly an easy target - as is the economy.?Afterall, it’s the one problem that you have no control over - and can bitch incessantly about all day - safe in the knowledge that no one that is listening has any real expectations of economic improvement - or you for that matter.??

You’re hurting.?We are too.?We get it.?I??Currently without full-time employment.?Like so many.?You need to vent??Cool.?Give me a call.?I will listen to you.?But at the end of this emotional exercise, be prepared to answer a few questions about what kind of commitment you are prepared to make to your future, the housing industry’s future and this country’s future.?I have questions.?I’m also from Missouri.?So, I’m also going to need you to SHOW ME.

You want a job in the mortgage industry??CREATE ONE.?The Fed - and rates - are NOT a silver bullet for the staggering manufacturing costs that threaten this business every day.?There was a time in this industry when we complained about manufacturing costs of $2500.?Today - consumers bear a DEBILITATING $10,937 in loan manufacturing costs. These costs are not a function of the Fed - or rates.?They are a function of a complacent industry that got lazy - and allowed the average American consumer to bear the brunt of poor regulatory policies and business practices, while it profited heavily from it.?Shame on us.?Every last one of us.?

The same can be said for our supply issues.?We currently sit at a 5-million-unit shortage.?You want to stay employed in the mortgage business??I suggest you turn your attention away from Only Fans, The Real Housewives of Anything - and plug into the fact that the NAHB (National Association of Homebuilders) estimates that there are $86,000-$94,000 of regulatory costs (average) embedded in every new, single single-family build.?Making profitability at or below a $350,000 build an impossibility.??

Before you dismiss this with the wave of your hand as having little to no significance in your six-figure world, let me remind you that you have college aged children who need to rent these affordable houses while in school - and will soon enough, require one to raise a family.?Single or married. Your aging parents might need affordable housing as well.?Before rates went up - and you lost your job in the mortgage industry you were able to hold all of those things down with little consequence - recognizing all of this needless suffering only as lost business opportunity.?

This is a wake up call.?To us all.?We must become better stewards of our industry.?We must partner with those across the aisle.?We must partner with labor.?We must partner with the construction industry.?We must partner with the diverse segment groups whose voices we rely upon heavily to drive change.?We must partner with each other.?

Stop whining.?Start thinking.?Start talking to your peers about how we drive real change with real solutions.?It’s not everyone else’s responsibility - or anyone else’s responsibility.?It is ours - collectively.

So, SHOW ME.?Direct your attention to www.myaha.com.?SIGN UP.?IT’S FREE