Wednesday, January 18, 2012

The post recessionary mortgage demand is surging ....

The media is beginning to report what we have been seeing for the past 60 days.  We are seeing higher activity than Reuters report  on

Reuters references low rates.  Experience proves this is a sustainable cycle driven by consumer confidence and a significantly improving economy that will continue as rates rise with the recovery then expansion of the US economy. 

With the combination of a longer recession creating pent up demand and the 75% reduction of Mortgage Providers since the recession, SEM is anticipating a much higher growth rate than the 625% that SEM experienced in 2000 – 2004.  This data along with a few other inputs was used to extrapolate the capacity needed for 2012 + 4 years and was our road map for the changes we made to production capacity in the 4th Qtr of 2011. 

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