Bruce Norris and Aaron are joined this week by Cary Pearce. He is the branch manager and senior loan manager for Flagstar Bank. He has over 25 years in the lending business, and Bruce has known Cary for just about as long as he's been in the business.
In this segment, Bruce, Aaron, and Cary will discuss how long he has been in the industry, the market during the downturn, what the credit expectation was during this time, what programs he could see re-implemented today that were aggressive then, changes to Fannie Mae that will be a game-changer next year, the ratio of refis to purchase loans, the lending business and whether it is more competitive now, and much more all on the real estate radio show.
The Norris Group originates and services loans in California and Florida under California DRE License 01219911, Florida Mortgage Lender License 1577, and NMLS License 1623669. For more information on hard money lending, go www.thenorrisgroup.com and click the Hard Money tab.
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