The numbers are stacked against us yet we keep charging forward. Real estate agents celebrated last night when Governor Polis announced they could do showings starting on Monday the 27th. Is it back to business as usual? Not even close. Take a look at these numbers
----more----
This will cost servicers $2.3 billion a month! High forbearance numbers are pushing bank and non-bank lenders to tighten their credit box, hurting first-time homebuyers, move-up buyers and jumbo buyers alike! We all heard what Chase did. But did you know other banks are doing the same.. just a little more quietly?
Wells Fargo, USBank, and BB&T all raised their FICO minimum to 680; Flagstar raised it to 640; Navy Federal stopped doing FHA loans hoping to bring them back in 2021 and Better.com stopped doing FHA loans and raised their minimum FICOs. Meanwhile, virtual showings are up 400%!
WOW! This is your opportunity to engage in a whole new way because the way we did things won't be the way we work going forward. This is also the time when we all have to be more creative than ever. Supporting our clients with solutions that help them in their journey to build wealth through real estate.
Your partner,
Nicole Rueth
The Rueth Team of Fairway Independent Mortgage Corporation
750 W Hampden Avenue, Suite 500
Englewood, CO 80110
303-214-6393
www.TheRuethTeam.com
Connect on social media:
Follow me on FB: https://www.facebook.com/theruethteam/
Twitter: https://twitter.com/nicolerueth
Linkedin: https://www.linkedin.com/company/the-rueth-team-fairway-independent-mortgage/
YouTube Channel: https://www.youtube.com/channel/UCPMdb94tUNMMsUTgdWRMDKw
Supply Isn’t the Story, Demand Is.
Be a leader for your clients.
Financial Independence for Early Retirement through House Hacking
Don't Be Afraid of No from Your Lender
Buyers, Sellers, Agents, this is not the time to rest.
Forbearance and Unemployment Numbers' Effect on Denver Real Estate Market
Giving Agents the Tools to Be Essential Human Resources for Buyers and Sellers
Resurgence of HOME and how it affects the Denver real estate market
Know Your Loan Options Renovation, CHFA, Jumbo, Conventional, FHA, USDA, and VA
Making Your Professional Memberships Work for You
Use Your Extra Time to Learn All You Can and Add Value
Daily Disciplines and Increasing Your Value
Celebrating the Resiliency of Agents
DMAR for August - Real Estate Did Not Surprise; It Delivered
Getting Out of Your Own Way
Zoom Logic for Beginners and Gems for More Advanced Users
Succeed During Change With Excellence and Ethics
Agents - avoid being annoying online - be of value to community.
Virtual Home Tours to Give You an Edge Over Your Competitors
Be willing to fail and think of your agents as your clients.
Create your
podcast in
minutes
It is Free
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast