|By Marketwired .||
|August 14, 2014 01:00 AM EDT||
MIAMI, FL -- (Marketwired) -- 08/14/14 -- According to an estimation that was released by FBR Capital last month, mortgage originations in the second quarter of 2014 came to $264 billion. This number, which is based on mortgage-backed securities issuance data from the trade publication Inside Mortgage Finance, is lower than expected and stokes worries in the industry that the U.S. housing market may not achieve its goal of $1.1 trillion by the end of the year. One reason that contributes to the current situation is the fact that even though most Americans are working towards owning their home eventually, many cannot afford it under the current circumstances. Janet Yellen, Federal Reserve Chair, already pointed this development out, even before the recent numbers were published: "It is difficult for any homeowner who doesn't have pristine credit these days to get a mortgage. I think that is one of the factors that is causing the housing recovery to be slow."
While this poses a problem for banks that are moaning a loss of revenues, private investors such as Matt Argall recognize a chance for privately held mortgage companies to step up and assist eager house buyers in financing their dream home. The fact that new restrictions, which were implemented by the government earlier this year, are ousting banks from the mortgage business further increases the chances for private mortgage companies to gain a strong foothold in the real-estate market. The new rules dictate how mortgage servicers have to interact with borrowers and provide guidelines how capital costs for servicing loans may be increased, which limits the capability of big banks to sell mortgage-servicing rights.
As a consequence, more and more potential buyers are turning to private mortgage companies hoping that they can assist in establishing a plan to finance the purchase of a home house. Recognizing how lucrative the mortgage business can be thanks to fees that are collected from mortgage owners, Matt Argall, a renowned entrepreneur and investor from Miami, Florida, is looking to expand his in-house mortgage team and turn it into an independent service. "As a private company we are not subject to the same oversight and capital rules that apply to banks," Argall explains. "This allows us to simplify and streamline our processes. As a result we can offer affordable mortgages to our clients, while still making money ourselves. This way everybody wins."
Matt Argall is known as a savvy entrepreneur who has been in the business of establishing, saving, marketing and advising companies for almost 20 years. Due to his extensive experience, he is confident and competent to help people realize their dream of their own home, starting with the evaluation of the financial situation to picking the appropriate mortgage offer to establishing a long-term plan. Argall is passionate about his work and strives to not only make profitable deals, but also fulfill his social responsibility as an individual and a business owner when doing so. In addition, Argall is an active philanthropist who supports a number of nonprofit organizations. In his free time he enjoys spending time with his lovely wife Maya and their son Rocco at their home in Florida.
To learn more about Matt Argall, visit: http://www.MattArgallNews.com
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