The mortgage industry, as we know, is pushed and pulled by interest rates. Calvin Schnure, SVP of the National Association of Real Estate Investment Trusts’ recently stated, “The interest rates are keeping demand in check, but it’s not going to push it down. I don’t see the real downside risks people are worried about,”
My guest on today’s show, Bob Wasieko, is the Branch Manager for Geneva Financial. Geneva focuses on first position conventional and government mortgages and has expanded to 42 states and 800 million in annual volume. Bob has been in the business for over 22 years and has dedicated himself to helping families with their mortgage loans. As a result, I have worked with Bob in the past, and I’m so pleased that he can lend us his expertise and unlimited knowledge of the mortgage industry.
During this episode, Bob and I discuss the Dodd-Frank Act, and how it has changed the fundamentals of mortgage lending. Furthermore, he explains the similarities and differences between 2008 and today, and how that is impacting the industry. Bob also provides his insights on where we are in the real estate investment cycle and gives his hypothesis on the trends we will be seeing for the next 5 years.
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#INVESTTHIS EP 21: Exclusive Tax Advice from Enrolled Agent, Scott Garner
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Tip of the Day:
[spp-tweet tweet=”Prepare in advance for success. -Bob Wasieko”]