"looks like GMAC and Wells are repricing right now"    View Comment

"Given the track record of the economists that the media relies on to predict things like existing housing sales, when are we going to start doubting everything they say? They seem to be way off much more than they are even close. Clueless is the only word that comes to mind..."    View Comment

"Don, you seem to put a large emphasis on home values. Who ever promised a borrower that his home would always be an appreciating asset? If lenders would have been able to set their underwriting guidelines in a way that a borrower's ability to make his PITI every month was of primary importance then a lot of this mess wouldn't exist. I don't care how much equity a person has, if you have a 580 credit score and you have a job loss or another event that causes you to have financial stress..."    View Comment

"MeMailbox...to help give Don a good picture of what we are talking about I'd add that I like to have my stick of Wrigley's Spearmint Gum unwrapped and served to me on a silver platter without having to go to the store and get it myself. I'm willing to pay for that service and I'm happy to help support my friend who has chosen a career as a gum valet. Sounds far fetched, but it all comes down to what the market will bear, right? I don't want to be the WalMart of mortgage LOs. I..."    View Comment

"Can someone tell me how I can get my 20 minutes back that I spent following this thread while hoping Don would see the light? Seriously Don, you're killing LO production in the mortgage industry. From this thread you should have an idea of how hard good LOs work to educate people about their product. Fortunately, most clients that are savvy enough to buy a home can understand the basics about a mortgage in far less time than it is taking to get you to understand what the rest of us are talking..."    View Comment