LOGIN(888) 592-6631

The Surety Bond Blog

20
Feb
2014

How to Prevent the Next Mortgage Boom and Bust

Photo credit: Thomas Hawk / Foter / CC BY-NC

 

If so many people suffer during every mortgage boom and bust, why don’t we do something about them? Naturally, the mortgage market has a lifecycle, as does the economy, but the lows need to be made less extreme.

Loss of jobs is a major problem in this connection. Now there are 291,000 employees in the mortgage field. At the lowest point, the employed were less than 250,000. Massive layouts are becoming frequent.

Wisdom can be drawn from the past. Negative amortization mortgages, for example, should be avoided. The same goes for too optimistic lending. Skepticism should remain in place, to a certain extent. The mortgage business should also plan according to a solid purchase platform.

By avoiding old mistakes, young employees can be kept in the mortgage industry and spared the constant volatility.

Read the source article at National Mortgage News

The following two tabs change content below.
Ralitsa is a contributor for the JW Surety Bonds blog. She is an expert on surety bonds and licensing, which she has written extensively about and is closely following the dynamics of the industry.

Latest posts by Ralitsa Golemanova (see all)

Comments (0)

Category: Commercial Bonds

Tags:

LEAVE A COMMENT ON THIS POST

Your email address will not be published. Required fields are marked *