If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
I found this at www.paul.kedrosky.com and Paul got it from businessweek.com. It’s a map of the concentration of option arms by state. The thing that struck me about it is that if you look at the areas feeling the most pain in the real estate world, they are either in the categories of higher concentration of option arms or they are places like Michigan and Ohio who are undergoing structural recessions. I hope you enjoy it…..
Straight from Michigan near the Motor City: Screwed clients are coming after their mortgage brokers with knives and guns!
Mortgage Broker Stabbed in Home Invasion by a Disgruntled Client: Will your mentally unbalanced [or just angry] clients come after you for revenge?
And we thought the only thing “shady” loan officers and brokers needed to worry about were more regulations and finding a job. Now, it looks like some disgruntled clients may be looking for a pay back and it’s not just money they are looking for, it may mean murder.
Will your mentally unbalanced clients come after you for revenge?
============
Apparently the Mortgage brokers actually were criminal mortgagee brokers; they have outstanding judgments against them to the tune of $17 Million arising from bank fraud.
http://loanworkout.org/2008/01/05/mortgage-broker-stabbed-in-home-invasion-by-a-disgruntled-client/
This is definitely going to become more common.LArge numbers of people are seriously pissed.
Site says something about Karma.
Fatal error: Call to undefined function: ck_display_karma() in /nfs/c02/h06/mnt/23750/domains/blownmortgage.com/html/wp-content/themes/K2 v096/comments.php on line 76