Mortgage Brokers...Are we out going to be put out of business?

Are Mortgage Brokers Headed Out?

Who knows, with PMI tightening their guidelines and cutting out third-party originators (brokers), this could be the beginning of the end of mortgage brokers. However, I feel that this will destroy the industry. The wholesale market is the backbone of the business and has done the majority of the business in the past (%-wise). In my opinion, this will cause many MORE banks to go down, thus adding more unemployment to the growing numbers. We do not need this.

We must understand that everything happens for a reason and regardless of what happens, we need to stay positive. If we keep our heads up, we will beat this recession and come out on top.

If you have any questions regarding this, please feel free to call or email me!

Chris L. Sauceda

Mortgage Originator

575.642.6901

chris.sauceda@officialmortgageteam.com