Corresp., MLO, Ops Jobs; Retention, Servicing, Construction-to-Perm Products; Fraud Report; CFPB, Compliance, and Legal Shifts
Apr 22 2021, 8:14AM
Not you, of course, but many other people in our biz are elderly. Sure you haven’t seen them in person in a year, but they’re there. Or they have elderly parents. Heck, is “elderly” a bad word now? Seriously, I hope everyone reading this has a long and fruitful life, and when I hit “elderly,” I hope that I’m put into this alternative living village. Speaking of lifestyles and renting, do you wonder where some of the potential inventory is going? How ‘bout to new neighborhoods that builders are building just for renters! Just like we’ve all seen salmon heading upstream into bears’ maws, and wonder how any of them make it upstream, many wonder how a house or subdivision reaches completion. Remodeling a bathroom? How long do you have to wait for a faucet? “The three main factors in the ongoing building supply shortage are an outsized demand for new products, pandemic-related struggles in manufacturing, and a concurrent demand for new homes.” Anyone working with builders or clients who are remodeling should read this article. (By the way, the audio version of today’s commentary is available here and is sponsored by Churchill Mortgage, operating in 47 states and funding $4.5 billion in 2020.)