The signing agents are already beginning to see an upswing in business. It seems to have started during the past month or two, and appears to be starting in different areas of the country. We are seeing signing agents reporting good months in pockets of Michigan, Ohio, Illinois, Virginia, California and Florida. It just started here in Connecticut last month. It appears that the low interest rates and depressed property values are starting to attract buyers. The refi business seems to be rebounding also. The big question is whether a borrower can qualify for a mortgage. As I understand it they need a nearly perfect credit score of 700.
On a brighter note there are businesses that are doing well even in this economy. Companies are defaulting, and breaching contracts left and right. So anything related to debt collection is booming.
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