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The New York Times reads " The great recession of 2008 was led by soaring inflationary house values that quickly plummeted followed by the Depression -which is the cyclical economic reality of today's housing market".

What do I care I am a mortgage broker I make money whether the market's up or down. Now there are ten offers on each low priced house and we got the deadbeat liar loans out of the market.

So we got a little carried away and financed loans at 100 percent of your income - the market will bounce back because now I got foreign buyers and the dollar is cheap. You speculators are in a bind the boom went bust and foreclosure is knocking at your door and that's tough.
But if you want to get into the market now- prices are real cheap.

Hey it wasn't my fault that homeowners maxed out their equity in refi's and lost the farm. Foreclosures are a part of life but hey I got these Canadians come down to buy houses like crazy. Sure money's is tight- but we will go back to the good old days real soon.

Mortgage broker's just gave you the pen you signed on the dotted line. I got you that loan you wanted for that kitchen renovation and when you wanted that million dollar house for you mom I got you the loan for just a few points right?

They want to do away with people like me after all I am just middle guy who adds points to the deal but who cares it's a loan right and you have 30 years to pay.
Who cares if the loan value is 95 percent - just give me your last two pay stubs and I'll get you fixed up. I like it when you refi over and over again that way I get paid over and over again and you into an overextended situation. That's too bad.

Some people say people like me are like loan sharks- high interest rate, no trust, no responsibility to the buyer or the lender. I am just the dating service - you guys work it out and call me on my crack berry.

I am playing golf for the afternoon- here's my card - call me when you want some 24 hour cash!

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