The trough in the mortgage market continues to confirm. With Fannie Mae clearing inventory and delinquencies declining, the housing recovery has made the turn.
SEM saw various historical indicators earlier this year that support the current findings; however, reality and reporting sources timing is generally off by several months.
With less pressure from legacy issues and improved post closing efficiencies, normalcy will return to our industry.
With the improvements noted above, rates will couple to historical rate setting indexes and acceptable credit guidelines will moderate.
Chief Executive Officer
Southeast Mortgage of Georgia, Inc.