Unfortunately the job losses are not in the right sector of mortgage business. I truely feel sorry for some of the Account Executives of some of the banks.

Unfortunately many of the brokers and loan officers that enabled this current situation are still clinging to the rim of the bowl.

We need more correction in the market to flush these "people" out of our business and get back to good business.

If you guys can search back about a year or so you will see a great big "I told ya so" coming out of my mouth right now. We cannot support this discount craziness without paying a severe price.

Quite honestly, I think title companies need a tad bit of pruning as well. The companies that promoted so many sham AbA's are finally feeling the crunch, I wonder if all those kickbacks they paid are worth it now when they are trying to make payroll.

Sorry to take a poke while folks are down, but we all made the bed we are now lying in.