Our business here in the Jackson Mississippi area is made up largely of purchases and re-fi's. As we all know the market was a flurry of activity until the last few months. One after another lenders that specialized in loaning the 500 fica score, the same ones that helped buy me a new Jaguar, have all but almost vanished. Bankruptcy's are being filed, investigations launched and recently loans that closed were not funded. Looks kinda bleak ha? However, I made a post here a few months ago about subsidizing your income with mortgage leads for Brokers. This little project we started here has turned into our "Port in the Storm". It works like this. The home buying surge really took off here in 2004. Many of these borrowers were very non-conforming with low credit scores and were put into 2/28 loans and the occasional 3/27. (2 Year fixed 28 adjustable and 3 Year fixed 27 Year adjustable) Some of these ARM rates were beyond comprehension. This is the only way the borrower could go. Now, these ARM loans are adjusting to the adjustable rate. Here is where you can make your money. Contact a mortgage broker, several of them and tell them you will provide leads. Most Mortgage Brokers will pay a $25.00 fee to an internet firm for leads that are all but useless. Explain to the broker you will provide him leads on borrowers whose loans are about to adjust to the higher rate. The broker knows this is an easy sell for him or her to make the loan. What happens is the borrower' fight, scrap, scrape and claw to keep their house and make those huge payments. Along the way after a 6 month or so good payment history they get a credit card or two, all the while though they are building their score. Now this buyer can get into a fixed rate with a solid conventional lender. All yu have to do is look at the daily index and go back, e.g. "April 18, 2004". It will not take you long to look at the lender' that was most known for non-conventional lending and recognize the name. Simply write down the name and address, the amount of the loan, date taken out and date the ARM will kick in and what the max APR is. Here for each lead in a drying up market we get $35.00. In just a Tri-County area we generate about 45 a day for an average of $1,575.00 per day. The cost ZERO. just a little time, usually 2-3 hours a day. But hey, I never made $500.00 + an hour. Well I did once, but I don't do that anymore.  If you are interested on how to get started near you just send me an email and I will help you anyway I can.