The Eyes of a Mortgage Broker Series 2

The market has not been like this in 20 years and there are a great number of home owners that are on their way to Bk. We need help for home owners and mortgage brokers.

Category:

News & Politics

Tags:

• Home
• Mortgage
• real
• estate
• interest
• rates
• bail
• out
• greenspan
• fed's
• lenders
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[ddunston]

Here's how to get ack on track: 1.You and your wife start working at the nearest fast food round the clock. 2.Sell all your assests and rent. 3.One car only or use public transportation 4.Collect coupons for food 5.Start asking neighbors if they have chores 6.Move back home with your parents 7.Sell your blood,sperm,bone marrow,etc.. 8.Apply for unemployeement 9.Rewrite your resume 10.apply for more creditcards 11.etc..

[sunnaman]

Get Checked out

[vilemonkey]

You give loans to people with no jobs and poor credit en masse, what do you think is going to happen?

It's not a few brokers either. This problem his huge.

You can't just say, "The institutions gave us the lending guidelines, so we just follow them."

Everyone is getting what they deserve and now they want us all to bail them out? NO

[sunnaman]

I don't know you, nor what you do as profession , I could bet with in your industry what ever it is has had it's share of problems, and because you are apart of if should you take the blame.

[vilemonkey]

I bet you weren't crying when times were good. Oh yeah, when times are good, you loved all the money you're getting. But now you don't like it. Greed is a killer. You gotta pay for misleading people and giving them loans they don't deserve.

Nobody should get bailed out.

You said here that it all started with the mortgage brokers. Well, you just said unintentially that IT'S YOUR FAULT(brokers). It's true.

Mortgage brokers ARE part of the problem. Not fully but in part.

[sunnaman]

I'm not crying. I'm pizzed over how the Fed and Wall Street aproved these loan programs, and If I can get a bail out no one should get a bail out period.

[c64life]

I would have suggested diversifying your mortgage income. I understand mortgage brokers made over 6 figures in 2004-2006. What happened to that money?

Take care

[smneider]

Most states require brokers to be license. This license does require a criminal background check. The Mortgage Lenders (Banks) developed what you term "JIVE" subprime ARM loans. Be sure to go with a reputable broker/lender. Check your local BBB, etc.

[cyberguy076]

It was funny too watch you american people going nuts in those tv shows like (Flip That House) making money with those houses..Wow look i've made a 75k profit with that house!

[sgammill]

We are not all crooks!!! Every industry has some bad apples. A lot of us just worked an honest living to pay our bills. I am losing my office and I put every dime into it. Do you know how many small - med. broker business are shutting down right now? THOUSANDS!!! WHAT ABOUT US????

[sgammill]

I have an appointment with SBA. Thanks for telling me now!! I need to cancel! I tried to get computers from DELL to start up a different business out of my office and they froze all lenders and mortgage brokers nationwide. Including Gateway!! You know it's bad then!! Mr. Bush, help us!! PLEASE?????

[oceansidermike]

Mortgage brokers are crooks. No license is

required and no criminal background check.

They have been stealing with these JIVE

subprime ARM loans. This guy wont show his

face. Would you do bidness with this lunatic?