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Rick is the Founder & CEO of CJ Patrick Company, a market intelligence and advisory firm for companies in the real estate and mortgage industries. He is an acknowledged subject matter expert on the housing economy and one of the country’s most frequently quoted sources on the U.S. economy, real estate, mortgage and foreclosure trends. Rick has over 20 years of experience in the real estate and mortgage industries, including roles as the EVP/Market Intelligence at ATTOM Data, EVP for Carrington Mortgage Holdings, EVP of Marketing at RealtyTrac, and Chief Marketing Officer of Ten-X and Auction.com.
The mortgage services industry has faced tough headwinds over the last few years, from higher interest rates and home prices to lower inventory levels. But there are dynamics at play—including pent-up demand, potential regulatory changes and a shift toward pre-pandemic levels of delinquency and foreclosure—that could make 2025 an interesting year for the mortgage industry.