re: #450 Stanley Sea

I’ve shared this more than once here, I know quite a few folks in the real estate, mortgage and appraisal biz. These people were huge during the bubble, selling homes to everyone and anyone, making it up as they went along. I still wait for an investigation into the mortgage broker business, they did everything possible to get that commission. And got quite wealthy doing it. One of my friends quit because he was sick of seeing people getting new docs in front of their faces at the last minute that they didn’t understand etc.

There are many aspects to the problem, but this is one I had hoped would be looked into more.

I was a mortgage broker a long time ago…late nineties. For every shady broker, there are 10 shady customers. If somebody wants a loan, they’ll falsify whatever documents they need to get it.