Sink Or Swim: Survival Of Lenders In Today’s Changing Landscape

By SCOTT KIMBLER The business of real estate is shifting. Potential homebuyers are pulling out of the market due to current interest rates, once super-high property prices are beginning to lose their luster, and the country is still transitioning as part of the pandemic with companies and employees working together to see what business model will suit them in the future. People in the real estate world have been left wondering: Can I continue to thrive? In the upcoming months, mortgage lenders, refinancing businesses, and real estate agencies may fire thousands of people as the housing market cools. Carmen Arroyo, Steven Church, and Maxwell Adler at Bloomberg reported last week that “the mortgage industry is seeing its first lenders go…