How will Americans Generate Wealth in the Future

“Wealth must be produced. It can’t be borrowed or printed.” That simple statement started quite a conversation on my Facebook page earlier today. People know that what the government is doing isn't going to produce wealth in America. Government is a cost center, not a profit center.

So what is the answer? How can we help Americans produce wealth? Homeownership is certainly one way. It's not for everyone. That's a lesson I think we've learned by now. But for many investors, real estate still makes good sense as an investment. We have to make sure that our regulatory system makes it easy for lenders to get money into the hands of these real estate investors and then allows mortgage loan servicers to get it repaid.

Not everyone will agree with me and there are certainly other ways of generating wealth. But with year's worth of real estate inventory either on the market or heading to market, it makes sense to get it back into the hands of people who are willing to develop it in some way.

What are your ideas for how we should be helping American's generate wealth. Speak up now or watch the government continue to thrash the problem around in its own misguided fashion.

Some Acquisition-related Goals

2011 is going to be a very exciting year for Mortgage Cadence. I'm really looking forward to it. Not just because our team is ready to deliver some truly revolutionary technology to an industry that desperately needs it, but also because we're going to be shopping for some other firms to join us in that task.

I recently recorded a podcast that sheds a little light on our acquisition-related goals for the coming year and want to share it with you now.

If anything you hear on this podcast sounds interesting to you, reach out to me. I would love to visit with you about your company and your own goals for 2011. You can leave a comment here, if you wish, or reach out to me on Twitter or via LinkedIn. You can also find me in a number of LinkedIn groups, or by surfing to the contact page on the Mortgage Cadence website. I look forward to connecting with you.

Here is the audio. Program length: about 3 minutes.

A Look into the Future

I think there will be a lot of opportunity in 2011. We’re already seeing that.

We see pockets where it seems housing prices are stabilizing, and folks that understand the mortgage industry, investors, coming back into the space.

I think in 2011 you’re going to see Wall Street getting back into the space, with prime conduit type origination through correspondence; you’re going to see the reverse mortgage industry start recovering.

From an industry perspective I do think there’s a lot of opportunity. That opportunity will be for folks that embrace the new lending paradigm and understand that in this industry it’s not ever going to be the way that it was before.

Find out more about what I see in the year ahead by tuning in to my recent podcast. And then post a comment and let me know what you see coming next.

What's Coming in 2011 for the Mortgage Industry?

I recently had the opportunity to visit with Rick Grant about what I see coming in 2011. I would like to share that with you in this podcast.

While there is still a lot of risk in this environment that we must all take very seriously, I find myself optimistic about the coming year and I'll tell you why in this 10 minute audio recording.

I'd also love to find out what you see coming in the year ahead. You can leave a comment here or reach out to me on Twitter or via LinkedIn. You can also find me in a number of LinkedIn groups. I look forward to connecting with you.

Here is the audio. Program length: 9:30.