Archive for July 16th, 2007
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50% Have Gone Out of Business
The Mortgage Bankers Association is reporting a 50% reduction in the number of loan originators from the peak of the sub-prime boom time.
50% reduction!
This is actually a very good thing and is part of the shakeout needed to start to get the industry back on track.
But, 50% is not enough, it is very likely we [...]
