Wednesday, January 25, 2012

AJC - State of the Union "What locals wanted to hear" Cal Haupt

Cal Haupt Is the CEO of Southeast Mortgage, one of the largest Independent mortgage companies In Georgia.
Cal Haupt, 48, Duluth
His story: He is President and CEO of Southeast Mortgage, a direct mortgage lender with 14 offices in metro Atlanta. He is married. He is not affiliated with any political party.
How this year is looking compared to last: "We're doing phenomenally well. Southeast Mortgage grew 20 percent in 2011 as compared to 2010….. We're definitely coming out of the recession. You go to any mall and it’s packed, the airports are packed, restaurants are packed.”
What he wanted to hear: A strategy to improve cooperation between the U.S. mortgage providers and the administration. "When the state continues to sue the big banks, what that makes them do is get out of the business. In 2007 there were 3,400 mortgage broker and lenders in Georgia. Today there are 834."
What he didn't want to hear: Bashing banks and Wall Street.
His verdict on the speech: He liked Obama's call to create jobs and Bring jobs back within U.S. borders, which, he said, "Will definitely Increase consumer confidence and will definitely stimulate the real estate market." On the other hand, he said, the President didn't offer a solution for the problem of sagging home appraisals, "Which is our biggest problem."

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