MLO Jobs; Broker, Underwriting, Non-QM, Processing Tools; Does the Fed Expect a Fast, Hot Recovery? Mar 17 2021, 8:40AM Many years ago I asked my father about why we didn’t have a home gym. He replied, “Want exercise? Jog to the liquor store and get me a beer, then do a 100 pushups, and we’ll talk about it.” Okay, he didn’t really say that, but up until recently, health and wellness factors in housing were way down the priority list for builders. That has changed for new construction. But there is plenty of old construction around, as evidenced by, in 2020, sales of previously owned U.S. homes surged to their highest level in 14 years, and many economists forecast sales to rise again this year. And in general there are millions of more home buyers every year as people in their late 20s and 30s hit their home buying stride with lots of ducats in their pockets, wondering if the new Administration will put forth tax credits but confronted with limited inventory. Meanwhile, builders are dealing with “Land, labor, and lumber.” And let’s not forget local communities with their zoning ordinances and fees. Satisfying demand will take years. (Today’s audio version of the commentary is sponsored by MCT MSR Services. Whether you are getting your agency approvals, selling through co-issue, or actively growing your portfolio, MCT® offers a suite of tools along with an experienced team to help you with all your mortgage servicing right’s needs.)