Have We Learned Nothing?

Written by Posted On Monday, 01 May 2023 00:00

Here we go again! As if we didn’t learn from past mistakes, with the stroke of a pen, a vast majority of people who have done things the right way will be forced to pay for those who have made specific choices that have put them in a poor position. Let’s be honest, nobody with below average credit doesn’t know why they do. It isn’t a surprise when they don’t pay back the money they owe or are late making payments. People have below average credit because of their actions. So why now is it the mortgage industry the ONLY industry that the government has chosen to reward bad behavior at the expense of those who have done as they were supposed to?

Have we not seen this story before? Remember the “mortgage meltdown”? It wasn’t that long ago the entire world suffered because standards were relaxed and those who should never have been able to borrow huge sums of money were just given loans, they would never be able to repay. So why are we going back to a failed belief? You have below average credit scores for a reason!

Now IF we wanted to assist those with below average credit, why not make below average credit people attend financial literacy classes and pass a test? Why not enroll them in a program that helps them create a budget and manage money over six months or a year to PROVE they understand how money and credit work? This new TAX on those who did nothing wrong may only lower payments on those with credit challenges by less than $50 a month. How does that get someone into a home? You didn’t target car loan rates? You didn’t target cell phone rates? You didn’t go after payday lenders, credit cards, or pay as you go places, streaming services? So why attack the mortgage industry? Don’t we already have many options for people to make that purchase?

First time home buyers are NOT the issue with the housing market. Mortgages aren’t the issue with the housing market. Supply and demand is the issue with the housing market. It isn’t the money or the programs or even the rates; it’s an issue that we have to many people chasing too few homes.

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Michael White

After 18 years working in all phases of mortgage originations, Mike left day to day originations to start his consulting and coaching company. Now, more than 18+ years later, Mike is working with clients across the country in all markets, big and small, that have generated more than three billion dollars in loan originations within a year.

Mike teaches a system that is focused on time management, action planning, marketing a message, and creating value for both clients and referral sources alike. Quite simply, providing more value leads to more opportunities, more income, less time, and a systematic approach that begs to be duplicated.


By breaking down individual aspects of the mortgage business and providing a step by step approach to creating a consistent flow of opportunities that can lead to a highly successful mortgage practice. That is why people who incorporate these strategies out produce the national averages by almost 3 to 1!

Fundamentals and simple strategies provide day to day activities that help provide a “scheduled success” philosophy. It’s all about identifying, targeting, and establishing profitable referral relationships using exceptional value to keep you in the center of your own referral triangle. 



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