HousingWire Daily
James Kleimann on takeaways from the IMB conference
Jan 26, 2024
Managing Editor James Kleimann discusses takeaways from the IMB conference, including discussions on mortgage rates, adaptability, and cost-cutting in the market. The podcast covers the market's volatility in 2022, upcoming housing conference, challenges and opportunities in the mortgage industry, loan officer movement, and challenges for small businesses with AI and social media.
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Quick takeaways
- The IMB conference discussed the positive outlook in the market, emphasizing the importance of cost-cutting and adaptability as key strategies for navigating the challenging market.
- Concerns about possible violations in LO compensation practices were raised, highlighting the need for compliance and integrating data tracking systems to avoid discrimination and violations.
Deep dives
Optimism and camaraderie at the IMB conference
The mood at the IMB conference in New Orleans was described as cautiously optimistic or very optimistic. Industry veterans attending the conference expressed confidence in the market and shared a positive outlook. While discussions focused on mortgage rates and banking regulations, there was also talk about preparing for potential scenarios such as unexpected Federal Reserve actions. Refi volume was reported as more fruitful in January than the previous quarter, indicating some positive momentum. Cost-cutting and adaptability were emphasized as key strategies for navigating the challenging market.
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