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What, exactly, qualifies a person as "rich"? It depends who you are - here in the States the wealth of the top 1% is about 225 times greater than that of the typical family, compared to 125 times in 1962, and the cumulative wealth of the Forbes 400 was $1.54 trillion, equal to worth of the bottom half of American families . Household net worth has been falling, and a recent Gallup poll states that the median income to be considered "rich" is $150,000 a year, up from the $120,000 that qualified a...

For you folks who are clock-watchers as the day winds down: http://lovedbdb.com/nudemenClock/index2.html . (It makes one think that some software designers have too much time on their hands.) American Capital Corporation is searching for Sales Managers and LO's in Oregon and Colorado . ACC has been around since 1994 and is a well-capitalized privately held mortgage banker doing over $1 billion annually, offering a "full product mix." The company already does both retail and TPO originations (wholesale...

Before anyone says that the value of servicing is next-to-nothing, don't forget to consider investor profit margins. And while you're at it, give some thought to the theory that investors with large servicing portfolios would probably rather not create an environment where it makes financial sense to have dozens and dozens of companies servicing their own loans. Who needs the competition - so why would servicing investors drive the value of servicing to zero, pushing companies toward servicing their own loans? ...