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Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Licensed in 20 states)

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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Thanks for the update, times may be changing.

May 07, 2022 07:52 AM
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1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

We are entering interesting times in the mortgage business. Likely in concert with an expected market change.

May 07, 2022 08:16 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Thank you, C.G. for the update.

We are in for some interesting and challenging times. 

May 07, 2022 08:00 AM
Rainmaker
679,404
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Appreciate the update Caroline Gerardo ... the worst is yet to come!  It has to ... times are definitely changing and we need to be prepared ... ready ... and be pro-active now. Thank you for the advice.  

May 07, 2022 09:49 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Thanks for the update!

May 07, 2022 09:14 AM
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Interesting, don't the government loans usually run out of money by around Fall?
Why just Gateway First?

May 07, 2022 07:43 AM
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3,125,763
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Ride that wave before the current changes! Thanks for the information Caroline.

May 07, 2022 12:06 PM
Rainer
378,517
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

my lender isn't (favorite) isn't going anywhere and he's a broker with lots of avenues.

May 07, 2022 11:48 AM
Rainmaker
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

At many times over the years when the market was good, everyone seemed to get a real estate license. Some went into mortgage lending. Given the anticipation of a changing market and historical experience, many are heading for cover in advance.

Rest assured the strong will survive and borrowers should choose wisely!

May 08, 2022 04:56 AM
Rainmaker
901,535
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

Some lenders are doing well. I think those who did a lot of refinancing are the ones being hit hard. It's just like Real Estate. Those agents who know how to change and find business will stay in business. 

May 08, 2022 04:41 AM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Yes to this heads-up and having plan B

May 07, 2022 03:46 PM