Don’t get too comfortable with the recovery (yet)!

Picture this, if you will…

You are on one of your two winter vacations, smoking a wonderful cigar on the ocean-view balcony of your state room.  Needless to say, you’re very happy with the world at the moment–especially with your mortgage business. You tell your wife (or husband, or partner, or dog, or whomever) that everything is wonderful. It’s then that she (he, etc.) asks you if your business will continue to make the money which has enabled you to live The Beautiful Life. Well, rather than answering her, put out the cigar and start looking at the world without your false sense of security.  I’ve said it before, and I’ll say it again:  the trees don’t grow through the clouds.  What goes up will eventually come down.

Now, I’m not trying to be a downer.  The past year has been a welcome relief for lenders and many brokers after years of struggle.  And not everyone gets to take two winter vacations!  But I am noticing a palpable sense of satisfaction–almost a belief that “we’ve made it.”  Contrary to an increasingly popular opinion, the next coming of the housing market we saw in 2004 is probably not just around the corner.  In fact, we don’t really know exactly what IS around the corner. We still have some bumps to get over.  And I strongly believe that now is the time to prepare for any choppy patches that may lie ahead.

Just think what will happen to your refi business if rates go up (and, eventually, they will) or if the Fed discontinues buying bonds (they will). The proverbial 2000 year old man once said that “fear is the chief mode of transportation”.  It can certainly be a powerful motivator.  I am not suggesting that lenders and brokers run for their lives by any means.  But I am suggesting that we have a chance (for the first time in quite awhile) to get ahead of the game a little bit.  Get your chief managers together as well as your outside advisors.  Start building an action plan that will get you through the next down market.  We live in a floating market society:  what goes up eventually comes down.  So get to work!

Comments (949)

  1. I just want to mention I am just all new to weblog and truly loved you’re web page. More than likely I’m going to bookmark your site . You amazingly come with perfect article content. Thanks for revealing your web-site.

  2. I seriously love your site.. Great colors & theme. Did you make this website yourself? Please reply back as I’m hoping to create my very own blog and would love to find out where you got this from or just what the theme is called. Cheers!

  3. An intriguing discussion is worth comment. There’s no doubt that that you ought to write more about this issue, it might not be a taboo subject but typically people don’t discuss these subjects. To the next! Best wishes!

  4. May I just say what a relief to uncover someone that really understands what they are discussing on the net. You certainly understand how to bring a problem to light and make it important. More people must check this out and understand this side of the story. I can’t believe you aren’t more popular because you definitely possess the gift.

  5. Having read this I thought it was rather informative. I appreciate you taking the time and energy to put this informative article together. I once again find myself personally spending a lot of time both reading and commenting. But so what, it was still worthwhile!

  6. Hi there, I believe your site could possibly be having web browser compatibility issues. When I look at your site in Safari, it looks fine however, when opening in Internet Explorer, it’s got some overlapping issues. I merely wanted to give you a quick heads up! Aside from that, fantastic blog.

  7. I blog frequently and I genuinely thank you for your information. This article has truly peaked my interest. I am going to book mark your website and keep checking for new details about once per week. I subscribed to your Feed as well.

  8. I precisely desired to say thanks again. I’m not certain the things that I would have followed in the absence of those points shown by you regarding such theme. It had been the horrifying scenario for me personally, however , taking note of the skilled style you resolved it made me to weep for gladness. I’m just happier for your help and even have high hopes you realize what an amazing job you are providing teaching men and women thru a site. I am certain you’ve never met any of us.

  9. I wanted to type a simple comment to be able to thank you for some of the superb ways you are showing on this site. My rather long internet look up has at the end been honored with excellent facts and strategies to exchange with my colleagues. I would believe that we website visitors actually are undoubtedly endowed to be in a fantastic place with very many lovely professionals with useful things. I feel very happy to have come across your entire web site and look forward to some more awesome times reading here. Thanks once again for everything.

  10. A fascinating discussion is definitely worth comment. There’s no doubt that that you ought to write more on this issue, it may not be a taboo matter but generally folks don’t talk about these issues. To the next! All the best.

  11. I absolutely love your website.. Great colors & theme. Did you develop this web site yourself? Please reply back as I’m looking to create my own blog and would like to learn where you got this from or just what the theme is called. Thanks.

  12. I wanted to jot down a simple comment so as to express gratitude to you for some of the unique strategies you are showing here. My considerable internet search has finally been recognized with extremely good suggestions to talk about with my guests. I would point out that we site visitors actually are quite fortunate to dwell in a notable place with so many outstanding individuals with insightful plans. I feel somewhat lucky to have encountered the website page and look forward to many more brilliant minutes reading here. Thanks a lot once again for everything.

  13. Thank you for each of your work on this web site. My mum delights in doing investigations and it’s really easy to see why. A number of us learn all of the compelling ways you produce informative guidelines by means of the website and as well strongly encourage contribution from others on this area of interest so our own princess has been becoming educated a great deal. Take advantage of the rest of the year. You’re the one carrying out a fabulous job.

  14. Hello there! I could have sworn I’ve been to this blog before but after looking at many of the posts I realized it’s new to me. Nonetheless, I’m definitely happy I found it and I’ll be book-marking it and checking back frequently.

  15. I want to show some thanks to this writer just for bailing me out of this problem. As a result of checking throughout the world-wide-web and obtaining ways which were not pleasant, I assumed my entire life was gone. Living without the answers to the problems you have fixed by way of the blog post is a critical case, as well as those that might have badly damaged my career if I had not discovered your site. Your actual understanding and kindness in touching every part was vital. I am not sure what I would have done if I had not come upon such a solution like this. I can at this time relish my future. Thanks for your time very much for the high quality and amazing guide. I won’t hesitate to suggest your web blog to any person who wants and needs direction on this area.

  16. Right here is the perfect webpage for anybody who wishes to understand this topic. You understand so much its almost tough to argue with you (not that I actually will need to…HaHa). You certainly put a fresh spin on a topic that has been written about for years. Excellent stuff, just wonderful.

  17. Hi, I do think this is a great site. I stumbledupon it 😉 I am going to revisit yet again since i have bookmarked it. Money and freedom is the best way to change, may you be rich and continue to guide other people.

  18. My husband and i got quite thankful Peter managed to conclude his studies through the entire ideas he acquired out of your blog. It’s not at all simplistic just to choose to be making a gift of guidance which usually the rest might have been making money from. Therefore we realize we need the writer to give thanks to for that. The main explanations you have made, the straightforward website menu, the friendships you assist to foster – it’s got everything sensational, and it’s really facilitating our son in addition to the family believe that that idea is thrilling, which is extremely serious. Thanks for the whole lot!

  19. Oh my goodness! Awesome article dude! Thanks, However I am encountering problems with your RSS. I don’t understand why I can’t subscribe to it. Is there anybody having the same RSS issues? Anybody who knows the solution will you kindly respond? Thanx!!

  20. My husband and i were absolutely contented that Louis managed to carry out his studies via the precious recommendations he had in your web page. It’s not at all simplistic to just continually be offering tips and hints that many some others might have been trying to sell. And we also take into account we’ve got you to thank for that. The type of illustrations you made, the straightforward site menu, the friendships you aid to promote – it’s got all powerful, and it is assisting our son and us know that the idea is brilliant, and that is really mandatory. Thank you for everything!

  21. I’m impressed, I have to admit. Seldom do I encounter a blog that’s both equally educative and engaging, and without a doubt, you have hit the nail on the head. The issue is something too few men and women are speaking intelligently about. I’m very happy that I stumbled across this in my search for something relating to this.

  22. I in addition to my buddies have already been studying the best tricks found on your website while the sudden I had a horrible suspicion I had not expressed respect to you for those tips. All the people were for this reason joyful to study all of them and already have in reality been taking pleasure in them. Thank you for actually being simply accommodating and also for making a decision on certain nice subjects millions of individuals are really wanting to discover. Our own honest apologies for not expressing gratitude to you earlier.

  23. Aw, this was a really good post. Taking a few minutes and actual effort to produce a top notch article… but what can I say… I hesitate a whole lot and never seem to get nearly anything done.

  24. An intriguing discussion is definitely worth comment. I believe that you need to publish more about this topic, it may not be a taboo subject but usually people do not discuss such subjects. To the next! Best wishes.

  25. I intended to put you a tiny remark to say thanks a lot as before about the nice strategies you have provided here. It’s so strangely generous with you to deliver unhampered all many people would have marketed for an e book to help make some dough for their own end, most importantly since you might well have done it in the event you wanted. These basics in addition acted as a fantastic way to recognize that other people have a similar dream really like my own to figure out much more pertaining to this condition. I am sure there are several more fun sessions up front for folks who start reading your blog post.

  26. I would like to get across my appreciation for your generosity in support of individuals that really want assistance with this particular niche. Your real dedication to passing the solution across came to be especially good and have truly allowed folks like me to reach their endeavors. Your amazing valuable key points indicates a whole lot to me and still more to my mates. Warm regards; from everyone of us.

  27. My spouse and i have been so ecstatic when Louis could carry out his investigations through the entire precious recommendations he made using your blog. It is now and again perplexing just to be freely giving tricks that many others have been making money from. We really figure out we now have the website owner to thank because of that. The specific explanations you have made, the easy website navigation, the relationships your site make it possible to promote – it’s got everything fabulous, and it is letting our son and our family imagine that the subject is exciting, and that’s wonderfully serious. Thanks for the whole lot!

  28. Thank you for all of your efforts on this website. Kim really likes getting into research and it’s easy to see why. Most people hear all about the powerful ways you make worthwhile steps on the website and as well strongly encourage response from others on this area of interest then our girl is in fact studying a lot. Take pleasure in the remaining portion of the new year. You’re the one doing a really great job.

  29. Thanks so much for giving everyone an extraordinarily splendid chance to read in detail from this website. It is usually very superb and jam-packed with amusement for me personally and my office mates to search your web site at minimum 3 times in one week to read through the new guidance you have. And indeed, we’re at all times motivated with all the excellent information you give. Certain 1 ideas on this page are without a doubt the most beneficial we have had.

  30. I want to show my admiration for your kindness in support of folks that should have guidance on this question. Your personal dedication to passing the message up and down had become definitely beneficial and has regularly made women much like me to get to their targets. Your entire informative advice entails a great deal a person like me and still more to my office colleagues. Thank you; from each one of us.

  31. I must show some thanks to you just for bailing me out of such a predicament. As a result of looking through the internet and meeting basics which are not productive, I figured my life was over. Existing without the strategies to the problems you’ve sorted out through the write-up is a serious case, and the kind that could have badly affected my career if I hadn’t encountered your blog post. Your own personal natural talent and kindness in handling all the details was valuable. I don’t know what I would’ve done if I hadn’t encountered such a stuff like this. I’m able to at this point look ahead to my future. Thank you so much for your expert and results-oriented help. I will not hesitate to endorse your blog to any person who should receive guide about this subject.

  32. I just wanted to post a brief message to thank you for those pleasant facts you are giving at this website. My extensive internet investigation has at the end of the day been paid with reliable knowledge to go over with my best friends. I ‘d believe that most of us website visitors actually are rather fortunate to be in a notable network with many lovely individuals with helpful principles. I feel somewhat privileged to have discovered your entire web site and look forward to tons of more entertaining moments reading here. Thanks once again for everything.

  33. Thanks so much for providing individuals with an extremely superb chance to read in detail from here. It really is very superb and as well , packed with a lot of fun for me and my office fellow workers to visit your website no less than 3 times a week to study the fresh things you will have. Of course, I’m just actually pleased for the amazing tips served by you. Selected two facts in this posting are clearly the best I’ve had.

  34. I would like to express thanks to this writer for bailing me out of this circumstance. Right after exploring throughout the search engines and coming across strategies that were not helpful, I thought my entire life was gone. Existing devoid of the answers to the issues you have resolved by way of this review is a serious case, and ones which might have in a negative way affected my career if I had not discovered your web blog. Your primary capability and kindness in maneuvering a lot of stuff was very useful. I am not sure what I would have done if I had not come across such a thing like this. I can now relish my future. Thank you very much for the impressive and result oriented guide. I won’t think twice to suggest your web page to any individual who would like counselling about this issue.

  35. I would like to express some appreciation to you just for bailing me out of such a trouble. Just after surfing around through the world-wide-web and seeing notions which were not pleasant, I believed my entire life was done. Being alive without the approaches to the difficulties you have solved through your good short article is a crucial case, as well as the kind which could have badly affected my entire career if I had not discovered your site. Your own natural talent and kindness in maneuvering all areas was valuable. I’m not sure what I would’ve done if I hadn’t encountered such a step like this. It’s possible to at this time look forward to my future. Thanks for your time very much for the reliable and sensible help. I won’t think twice to propose the blog to anybody who would need guide on this subject.

  36. Right here is the right website for anybody who wants to understand this topic. You understand a whole lot its almost tough to argue with you (not that I really would want to…HaHa). You definitely put a fresh spin on a subject which has been written about for years. Great stuff, just great.

  37. I precisely needed to appreciate you once again. I do not know the things I would’ve sorted out without the type of concepts shown by you about such subject matter. It absolutely was a real intimidating situation in my view, nevertheless coming across a new expert form you processed it forced me to weep over contentment. I’m just happy for your help and as well , pray you realize what an amazing job you have been providing instructing the rest via your web site. I am sure you haven’t encountered all of us.

  38. This is the perfect website for anybody who hopes to find out about this topic. You know so much its almost hard to argue with you (not that I personally will need to…HaHa). You definitely put a fresh spin on a topic that has been discussed for years. Wonderful stuff, just excellent.

  39. Right here is the right web site for anybody who really wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want to…HaHa). You definitely put a brand new spin on a subject that’s been discussed for a long time. Wonderful stuff, just great.

  40. My husband and i felt cheerful when Louis managed to conclude his reports while using the ideas he received through your web site. It is now and again perplexing to just be freely giving secrets which usually some people may have been trying to sell. Therefore we acknowledge we’ve got the blog owner to appreciate because of that. These explanations you’ve made, the simple website menu, the friendships you will make it easier to promote – it is most excellent, and it is aiding our son in addition to our family know that the subject matter is fun, and that is exceptionally mandatory. Thanks for all!

  41. I was extremely pleased to uncover this site. I wanted to thank you for your time for this particularly wonderful read!! I definitely savored every bit of it and I have you saved as a favorite to see new stuff in your site.

  42. I’m impressed, I have to admit. Seldom do I encounter a blog that’s both educative and entertaining, and let me tell you, you’ve hit the nail on the head. The problem is something too few men and women are speaking intelligently about. Now i’m very happy that I stumbled across this during my hunt for something concerning this.

  43. I simply want to mention I am newbie to blogging and seriously liked this web blog. Almost certainly I’m planning to bookmark your blog . You actually come with really good posts. Many thanks for sharing your web page.

  44. Right here is the right webpage for everyone who would like to understand this topic. You realize so much its almost hard to argue with you (not that I really would want to…HaHa). You definitely put a brand new spin on a topic that’s been written about for many years. Wonderful stuff, just wonderful.

  45. Thanks for sharing superb informations. Your web-site is very cool. I am impressed by the details that you have on this blog. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found just the information I already searched all over the place and just could not come across. What a perfect website.

  46. Wonderful paintings! That is the type of info that are supposed to be shared around the net. Disgrace on the seek engines for now not positioning this submit higher! Come on over and discuss with my web site . Thanks =)

  47. Magnificent beat ! I wish to apprentice while you amend your site, how can i subscribe for a blog site? The account helped me a acceptable deal. I had been tiny bit acquainted of this your broadcast provided bright clear concept

  48. I must show my appreciation for your generosity in support of individuals who need help with this concept. Your real commitment to getting the solution along was incredibly functional and have in every case encouraged girls just like me to attain their objectives. This interesting instruction signifies so much a person like me and even further to my peers. With thanks; from everyone of us.

  49. Good day very cool site!! Man .. Excellent .. Amazing .. I will bookmark your blog and take the feeds additionally¡KI am satisfied to search out so many helpful information right here in the publish, we want work out more techniques in this regard, thanks for sharing. . . . . .

  50. Good article and right to the point. I don’t know if this is really the best place to ask but do you people have any thoughts on where to employ some professional writers? Thx 🙂

  51. Lankier men with longer limbs relative to their torso lift less weight than stockier men. Lank and stocky man have the same distance lever between tendon and joint where your muscle s force generates your torque, but lankier men have a longer limb where the external weight s force is generating its

  52. It¡¦s truly a nice and useful piece of information. I¡¦m glad that you shared this helpful info with us. Please stay us up to date like this. Thank you for sharing.

  53. Does your site have a contact page? I’m having a tough time locating it but, I’d like to send you an email. I’ve got some suggestions for your blog you might be interested in hearing. Either way, great blog and I look forward to seeing it grow over time.

  54. After research just a few of the blog posts on your website now, and I truly like your means of blogging. I bookmarked it to my bookmark web site listing and will probably be checking again soon. Pls take a look at my site as nicely and let me know what you think.

  55. May I simply just say what a comfort to discover somebody who truly understands what they’re talking about online. You definitely know how to bring an issue to light and make it important. More and more people have to read this and understand this side of the story. I was surprised that you aren’t more popular because you surely possess the gift.

  56. Nice post. I learn something totally new and challenging on sites I stumbleupon every day. It will always be exciting to read through content from other authors and practice something from their sites.

  57. I truly love your website.. Excellent colors & theme. Did you develop this site yourself? Please reply back as I’m attempting to create my very own website and would like to learn where you got this from or just what the theme is named. Cheers.

  58. When I originally left a comment I appear to have clicked the -Notify me when new comments are added- checkbox and now whenever a comment is added I recieve four emails with the exact same comment. Perhaps there is an easy method you are able to remove me from that service? Many thanks.

  59. I like the helpful information yoou provide in your articles.
    I’ll bookmark your weblog and check again here regularly.
    I’m quite sure I will learn many new stuff right here!
    Best of luck for the next!

  60. This is very interesting, You are a very
    skilled blogger. I’ve joined your feed and look forward to seeking more of
    your great post. Also, I have shared your site in my social networks!

  61. I happen to be writing to let you be aware of what a incredible discovery my girl encountered browsing your web site. She came to find a good number of pieces, with the inclusion of what it’s like to possess an awesome giving spirit to get other individuals without difficulty fully understand several tortuous matters. You truly did more than our own expected results. Thank you for producing the warm and helpful, healthy, educational and in addition unique tips about your topic to Julie. canadian pharmacy

  62. I have been browsing online more than three hours lately, yet
    I by no means discovered any attention-grabbing article like yours.
    It’s beautiful value enough for me. In my view, if all webmasters and bloggers made excellent content as you did,
    the internet shall be much more helpful than ever before.

  63. Hi there! This article could not be written any better!
    Looking through this article reminds me of my previous
    roommate! He continually kept talking about this.
    I am going to forward this information to him. Pretty sure he
    will have a good read. I appreciate you for sharing!

  64. You’re so cool! I don’t suppose I’ve truly read anything like that before. So good to find another person with genuine thoughts on this subject matter. Really.. many thanks for starting this up. This website is one thing that is needed on the web, someone with a bit of originality.