The beginning...

I have been in the mortgage industry now for over 20 years. I have done just about every job possible from processor, loan officer, broker, managing a brokerage, account executive, underwriter and closer. I have seen a lot of changes and VERY few have been good. I honestly believe the mortgage industry to be populated by some of the most incompetent, self centered, greedy and moronic people in business today. And it is getting worse! Yes, I am still fighting the good fight within the industry and love the satisfaction I get when helping people get into a new home. But nobody is telling the brutal truth what is going on and most within the mortgage field are nothing more than sheep following the herd to the next slaughter.
That being said, I think you will see in the following posts that common sense is very uncommon and nothing good will come of the changes we are seeing in the industry. I saw this entire fiasco coming back in 2003 and everything I foretold has come true. I will be brutally honest about what is going on, what to expect when wading into the mortgage morass and how you can deal with it. I will post about once a week with a new topic and encourage my readers to comment and offer their opinions.
Topics coming up:

• FHA, how dumb are your new changes!
• Conforming loan changes that scream "we are clueless morons"
• TIL, the stupidest form ever created and getting worse!
• Credit scores, what a unfair and lousy way of doing business
• Closing packages and how we are killing our trees for stupidity
• Closing fee ripoffs
• Why "stated" programs were lost and why self employed people are getting screwed
• Arms...the good, the bad and the ugly
• Regulation that does no one any good
• The bleeding of home equity
• Home values and how appraisers are going from optimists in value to clueless cowards