Wow, they had to be hit over the head with a 2x4 before they learned.
However, some are still bringing in big bucks in the mortgage industry. Not the high risk sub prime loans that this is all about. Learned, intelligent, creative, positive individuals who will always be at their desks way after the weak at heart or those with a more often "get-rich-quick-waiting-for-the-phone-to-ring" mentality will long be gone.
Patience builds wealth.
Bad times, in any industry, can provide good opportunities.
Don't matter...Nobody, or very few are borrowing anything anymore. Most are tapped out, with stagnate incomes.
Refinance/mortgage and loan people are the new Maytag repair men. They are sitting at clean desks with silent phones, if they still have jobs.
Wow, they had to be hit over the head with a 2x4 before they learned.
Yeah, stagnant wages, and wages driven down by millions of low wage illegal aliens can cause quite an impact. Yes there are others that borrowed/spent to much, like our government does, but for the most part, everyone is or will be cutting back on spending/borrowing.
In the coming months, this will be more than evident...