MReport July 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

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6 | M R EP O RT FROM THE SOURCE READ THIS≥ "FIX THIS NEXT: MAKE THE VITAL CHANGE THAT WILL LEVEL UP YOUR BUSINESS" by Mike Michalowicz Mike Michalowicz reveals that the biggest issues for entrepreneurs is that they do not know what their biggest problem is. The author of this book has a simple system to help eradicate these frustrations and get business moving forward. Michalowicz, himself, lived through the struggles and distractions of entrepreneurship and devoted years to finding a simple way to pinpoint exactly where to direct attention for rapid growth. He figured out that every business has a hierarchy of needs, and if you can understand where you are in that hierarchy, you can identify what needs immediate attention. Simply fix that one thing next, and your business will naturally and effortlessly level-up. SHARE THIS NIMBLE Nimble is a CRM software that allows users to manage customer relationships by maintaining contacts, connecting to social media, sending marketing messages, and more. You can integrate Nimble with GSuite or Office 365, as well as a number of other popular platforms. Nimble includes online software and a mobile app. TWEET THIS #INTERESTRATES The Federal Reserve didn't project for interest rates to rise above 1% until 2022. The FOMC announced during its June meeting that it would continue to purchase mortgage- backed securities "at least at the current pace" to ensure the market functions smoothly. With interest rates near zero for the near futrue, what does this mean for mortgage rates and homeowners? WATCH THIS≥ THE LASTING IMPACT OF COVID-19 Five Star Global's DS5: Inside the Industry spoke to Odeta Kushi, Deputy Chief Economist, at First American Financial. Kushi delved into the impacts, both short and long, that the coronavirus could have on the housing market. She also discussed how the current market has affected millennials in their quest for homeownership. To view the video, visit and visit the DS5 video tab. SOMETIMES, IT'S GOOD TO BE A FOLLOWER. Follow MReport on social media to put the latest mortgage banking news, stories, strategies, and insights at the touch of your fingertips. MReport @TheMReportNews The MReport SOMETIMES, GOOD FOLLOWER. latest strategies, and

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