Posted On: January 16, 2008, 3:02 pm CST

Posted By: love the business

I agree with all guys, it was all about greed.They blame brokers, bankers etc but the real truth is no every American can manage a mortgage nor should every one be able to own a house. What kills me is that news groups beat everyone in the industry except the Realtor and i have had experience with relators and fraud that would creep us all.

The banking dept is at fault for not putting measures in place to eliminate the liars and crooks that got into the business of mortgages. Anyone that has $500 and no experience can become a broker."Wow" what controls. Allthey wanted is the appliction money and audit money from these people.

Stock brokers, lawyers, apprasiers, insurance agents realtor all hava a code of ethics and they need continuing education as well as years of experience prior to getting a license but Mortgage people do not. Why?

ahh i co go on but i will not solve the current situation
best of luck to all