What Were We Thinking? A Global Perspective on 40 Years of US Mortgages with Mike Hyman | S2 Ep3

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CMB Connect

Val Buresch

19 episodes

1 week ago

Anyone can see the three letters after a name on LinkedIn. But what about the war stories? The risky bets that paid off? These are the moments that build a mortgage banking career. Welcome to CMB Connect, the podcast that explores the journey, not just the arrival. Join host Val Buresch, CMB Society Chairman (2024), as she sits down with the leaders of housing finance to uncover the pivotal moments, the hard-won lessons, and the unfiltered predictions for what's next. It's time to Get Behind the Designation.

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What Were We Thinking? A Global Perspective on 40 Years of US Mortgages with Mike Hyman | S2 Ep3 | CMBConnect

CMB Connect

1 hour 12 minutes 2 seconds

1 month ago

What Were We Thinking? A Global Perspective on 40 Years of US Mortgages with Mike Hyman | S2 Ep3 | CMBConnect

Ever wonder what the mortgage industry was like with 17% interest rates, paper files, and no internet? Rates were locked by phone, deals were made with a handshake, and entire loan files were shipped in cardboard boxes.

In this episode, we step into a time machine with Mike Hyman, Certified Mortgage Banker (CMB), a 43-year industry veteran celebrating his 30th year with the designation. He shares incredible stories and lessons learned from his unique global perspective, having managed mortgage operations in the UK.

Connect with Mike: LinkedIn https://www.linkedin.com/in/michaelahyman/

Chapters

00:00 The Evolution of the Mortgage Industry

20:08 Fannie Mae and Freddie Mac: The Innovators

26:05 The Rise of Subservicing

31:40 The Birth of Reverse Mortgages

37:52 International Perspectives: A Global Mortgage Experience

46:01 The Aftermath of 2008: Industry Reflection

48:27 What is Offshoring in the Mortgage Industry?

01:04:23 The Future of Mortgage Banking: AI and Customer Focus

01:08:44 The Role of Education in Mortgage Banking