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  • The Eyes of A Mortage Broker Series 3.1

    Posted on September 6th, 2010 admin 25 comments
    sunnaman asked:


    Broker talking about the industry, the fed’s, Mortgage lenders, National Fund,

    Terry

     

    25 responses to “The Eyes of A Mortage Broker Series 3.1” RSS icon

    • Ruben

      Do you / did you own foreign cars?

      Now you know how it feels

      Auto engineer from Detroit.

    • Leslie

      it coming

    • Oscar

      Unbelievable

    • Grace

      Stay positive

    • Terry

      Let get as many Mortgage Pro, speak to the issue we are facing

    • Darren

      you need a Check-up

    • Renee

      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..

    • Allen

      oh crap, I had to pawn my bike!!! I guess I will be walking!!! I had 3 loans close with lenders and they went out of business before they funded!!! HELP US MR. BUSH, OR I AM GOING TO TAKE YOUR PICTURE OFF MY
      WALL!! I DANG, I DON’T HAVE WALLS ANYMORE, THEY TOOK MY OFFICE!!

    • Wendy

      I will see you in the soup line!!! BMW is coming to get my car soon so I will have to ride my bike.

    • Carol

      I don’t think we will win any hearts. I own my mortgage company and we shut down 2 days ago. SAD, VERY SAD!!! People think we are all crooks because some bad apples. I went rom closing 20 loans a month to 0. I am broke now!!! Even if we get a new loan it will not close because appraisals are coming back 1/2 the value from 1 year ago. By the way, my power was shut off also!! Try to get a SBA loan.

    • Melvin

      The US I’m afraid, has gone done the crapper and it’s headed towards Great Depression II.

      Whoever is the next President after Bush will have the most unenviable job in the world. Even if Ron Paul gets in, not even he will be able to save the system.

    • Chad

      I know, and you are right, thanks for your comments

    • Irene

      coming soon, I have been going on job interviews, Thanks

    • Norma

      You are right, Thanks for your comments

    • Floyd

      99% of the loan I did envolved negative amortization,interest only, or Arm’s because I did not believe in those products. Know own’s me anything, simply all I;m saying if the Fed’s bail out the Lenders, they also need to bail out the Homeowners, and Mortgage brokers, I don’t agree with the Fed’s action that currently will only help wall street investors and major lenders, while the homeowners and mortgage professional are crushed. Thanks for you comments

    • Carol

      we need the gold standard back, the federal reserve is a private corporation that never gets audited, it is owned by secret bankers. Google federal reserve

    • Christopher

      We need a President that will bring back the gold standard. The rate won’t be controlled by a private corporation the “Federal Reserve” just google it.

    • Julio

      Where’s your home tour?

    • Jonathan

      I feel bad for you. Many people are going to take a serious hit as well because of this housing crisis. Right now it’s hard to see how bad things will get.

    • Yolanda

      Sir,

      Did ANY of those loans you put together involve negative amortization? Interest only payments followed by an ARM reset down the road? How can you say anyone owes you anything when the mortgage brokerage industry put their commissions over the need to tell the TRUTH to the people who were borrowing, you know, letting them know they were over their heads?

    • Jeremy

      You sure don’t look nor sound like 63.

    • Chad

      Was retired, Thanks for reminding me

    • Derek

      Are you really 63? Retired?

    • Maurice

      Unbelievable

    • Cindy

      It’s people like you who should be pushed forcibly out of lending for the kind of practice you’ve had over the past 10 years. Im a 20 year vet of the biz and very happy that your kind is leaving the industry. Good riddance.


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