Posted To: Pipeline Press

Starting today I’m in Oklahoma City for the OMBA Conference . The median home price here is roughly $150,000 and housing prices are up nearly 7 percent in the last year, ahead of the 5.4 consumer inflation rate. Life is filled with numbers. I wonder what the numbers were to have Paul McCartney grace the cover of this month’s Costco magazine ? Numbers in the form of margins with wholesalers have plummeted this year, and I received this note. “Rob, I’m hearing rumors of layoffs in the wholesale channel. Any truth to that?” First, I have indeed heard actual layoffs at publicly-held wholesalers and rumors of more coming. (Anyone displaced can post a resume for free here for employers to view.) Second, it should surprise no one that this is happening, given that many…(read more)

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Source: Mortgage News Daily