This site started out as a little blog where I’d post press releases related to the mortgage industry, primarily because I’m passionate about mortgage finance. I then decided to start something known as the REBAs, mostly on a lark. And I kept posting my musings, thoughts, commentary on the industry — as well as any press releases I could find. As of today, sadly, I’m announcing that I’ve decided to shut down this project, because I no longer feel that it’s possible to maintain on a part-time basis and as a sole blogger. In the past few months, I’ve seen the site grow to where it’s now thought of by many as a major news outlet for the industry — a surprising outcome for a solo blogger, to say the least. It’s something that I think says more about the current state of the industry than about what I particularly might have been doing here. After all, I’ve always said on the site that the mortgage industry was missing strong, independent reporting and someone willing to voice their opinion. I can say proudly that I’ve tried to be that, and I can also say that I now understand from first-hand experience why the industry is struggling to find such a voice. Running something that others see as a formal news outlet requires a commitment of time well beyond a simple hour or two each day; it also requires a commitment to face a hyper-competitive industry currently facing upheaval of an epic proportion. I can make neither commitment, unfortunately: I’m just a lone blogger, after all, with a family to support and a full-time day job that I relish. I want to thank those of you who helped turn this experiment into something memorable for me. It’s been fun (mostly). Update – For those wondering, because I’m going to keep this going as a blog, email syndication will continue. You can unsubscribe if you’d like by following the instruction in the email, although I really hope you don’t!
Good Night, All; It’s Been Fun (Mostly)
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RMI President John Lunde sits down to talk about the potential impacts of a rate cut on the reverse mortgage industry.