My View On Housing and Mortgage Industry

Dear Fellow Active Rainers,

With all the new banking underwriting standards, new laws and legislation being passed, it can make one feel defeated, question if this is the business you want to stay in, with all these new burdens placed on us by people that may have degrees from respected colleges, but are clueless because they are not on the front-line dealing with the mess like we are.  But what keeps me going is the love and passion I have for the business, the ability to help people live the American dream and enjoy the benefits of home ownership.

I am staying positive on the business because I believe that although the consumer is burdened with high credit score requirements, new rules placed by law makers and crazy underwriting standards, the consumers are becoming more educated on the housing market and banking industry with the constant media and news reports, that in my opinion they will slowly adapt to the new industry standards.  Over time as more people leave this business and consumer goes threw the adaptation to adhere to what the market calls for, it will leave a very lucrative business for the agents, bankers, and brokers that weather the storm, stay strong and stick it out.

As the American economy slowly heals it wounds and goes threw its recovery,  The stock market should keep pushing up with the good news.  With the stock market up it will create more wealth for Americans which can then be used towards purchases of homes , which makes sense because it may yield better results then keeping money in the market over time, when their is a buying opportunity out there now in housing with low mortgage rates and homes that have dropped so much in value I believe that's where the consumers will invest their wealth. 

Over the next few years there will be a lot of money to be made and a lot of family's we can help.  Lets think about the positive things and believe me the strong will survive and we will prevail.

Regards,

Adam R. Cohn