Mortgage Industry Leader Says Housing Market Will Rebound After COVID-19
In an exclusive podcast interview, David Stevens,Chief Executive Officer at Mountain Lake Consulting, Inc., and former CEO and President of the Mortgage Bankers Association, says he expects the housing market will make a healthy recovery once coronavirus subsides
CARLSBAD, Calif. (April 28, 2020) — David Stevens, Chief Executive Officer at Mountain Lake Consulting, Inc., and former CEO and President of the Mortgage Bankers Association, cleared up misinformation in the mortgage industry and revealed his expectations for a healthy housing market recovery following the COVID-19 crisis. He shared his outlook during an exclusive interview with real estate leader Brian Buffini on The Brian Buffini Show podcast where they covered several topics surrounding the mortgage industry during the coronavirus pandemic. Stevens follows guests like Dr. Lawrence Yun, Chief Economist with the National Association of REALTORS®, and Dr. Ben Carson, Secretary of the U.S. Department of Housing and Urban Development, who have also appeared on The Brian Buffini Show podcast in recent weeks.
During the podcast episode, Buffini and Stevens discuss the tightening of minimum requirements for mortgage qualifications, as well as, when financial institutions will begin to readjust their credit parameters to reflect the current circumstances of many Americans. While widespread job loss has affected many markets, Stevens said, “Governors across the country are going to start having us go back to work sometime in June at the latest, May in some states. And all this downward trend is going to stop in its tracks … It won’t be back to where it was, but we’re going to see immediate pop back.”
Buffini shared this sentiment, explaining that given current inventory shortage, pent-up demand will be sure to follow. “The bottom line is, all economics is supply and demand, and we still have a limited supply and high demand,” Buffini said.
For nearly 30 years, Stevens has worked in the mortgage finance field, serving in many different roles. During the Obama Administration, Stevens joined the U.S. Department of Housing and Urban Development (HUD) as the Assistant Secretary for Housing and Federal Housing Commissioner. Before this appointment, Stevens served as President and COO of the Long and Foster Companies.
The Brian Buffini Show podcast launched in 2016 and quickly jumped to the #2 position in the Apple Podcasts business category. The podcast provides real estate professionals and consumers with Brian’s Irish wit and profound insights, along with the views of his informative guests. Since its release, The Brian Buffini Show remains one of the top business podcasts in the world with nearly 10 million downloads in 178 countries.
What: “The Coming Rebound with David Stevens #212”
Who: David Stevens, Chief Executive Officer at Mountain Lake Consulting, Inc., and former CEO and President of the Mortgage Bankers Association
Where: Hear the podcast and download a transcript at TheBrianBuffiniShow.com
When: available Tuesday, April 28, 2020 @ 12:01 a.m. Pacific
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CONTACT:
Courtney Klepsch
Director of Marketing Content & Communication
Buffini & Company
(760) 827-2101 x2149
media@buffiniandcompany.com
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About Buffini & Company
Buffini & Company is the largest coaching and training company in North America. Founded by real estate legend and master motivator Brian Buffini, the company provides a unique and highly-effective lead generation system. Buffini & Company’s comprehensive business coaching, training programs and cutting-edge content have helped more than 3 million professionals in 37 countries improve their business, increase net profit and enhance their quality of life. Buffini & Company is headquartered in Carlsbad, California. For more information, please email media@buffiniandcompany.com.
About Brian Buffini
Brian Buffini, chairman and founder for Buffini & Company, was born and raised in Dublin, Ireland, emigrated to San Diego, California in 1986, where he became the classic American rags-to-riches story. Discovering real estate, Brian quickly became one of the nation’s top real estate agents working a non-traditional methodology based on building long-term relationships with clients. Today, he travels the world sharing a message of encouragement about how to “live the good life.” His wit, wisdom and motivational style make him a dynamic speaker and podcast host, adept at helping people tap into their full potential and achieve their dreams. He is a New York Times, Amazon and Wall Street Journal best-seller with his latest book, “The Emigrant Edge.” Learn more at brianbuffini.com.