Monday, September 8, 2008

Let The Rebuilding Begin

The Big News Of The Day

http://www.cnbc.com/id/26590793/site/14081545/

Fannie and Freddie - no more

This action by the federal government provides an opportunity to begin rebuilding the systemic issues within the lending industry that need to be addressed so we can evolve our business to deal with the new martket environment.

While confusion reigns about what will ulitmately happen as a result of this- here's my thought- this means less business across the board. The easy money days are gone and the industry infrastructure that is currently built around the lending community needs to shrink. Simply put - there is not and will not be enough business to go around for the vendors in the marketplace right now.

On the flip side of that destruction is the growth opportunity that will follow as a result of market changes.

Technology infrastructure, lower cost content and delivery channels, new content creation built around the new financial realities of consumers and loan originators are a few of the areas that based on what I'm seeing should have great growth opportunities in the near and long term.

Where's your business model pointing you?

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