2012 A Fresh Start

As we reflect back, we can recognize that we saw monumental changes in the mortgage industry.

There were new Good Faith Estimates that did not make things clearer for the consumer and made the lender responsible for fees that were not theirs. We saw regulations on products tighten and investor overlays restrict availability even more to the consumer. The United States Government legislated how Loan Originators are paid.

We have seen the mortgage industry completely change and reform to fit the new mold. Change always brings new opportunities. Unemployment has started to drop. Real Estate prices are beginning to stabilize and interest rates are unbelievably low. Guidelines and restrictions are starting to loosen every day, some are even relaxing. Housing starts are up. The markets have not been as volatile. There are little glimmers of hope that shine through to let us know, the future is as bright as we are willing to make it. It may not be the same way as we have done it before, but a fresh new way.

As we look back, let us not forget to appreciate the things that mean the most in our lives; our family, friends and loved ones. Be thankful for all of your joys and focus on the positive. Let’s make 2012 a great fresh start. We wish you all peace and prosperity for the New Year.


Bill Watson III
President
Watson Mortgage Corp.