Bruce Norris is joined this week by Cary
Pearce. Cary is the production manager
for Provident Bank Mortgage. He is in
the Inland Empire, and they do about $20 million a month. He has been with them for four and a half
years and has been in the industry for 28 years. Bruce and Cary discuss the mortgage industry today compared to 2006, prices in the 80s and early 90s, the new QM rules, concerns over the new oversight,automated approvals by the FHA and GSEs, the 417 loan amount, the advantage of a conventional loan and its lower PMI factor, and much more on this week's real estate radio show and podcast.
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