Comments on: Dead Man Walking: Death of Mortgage Brokers?

By: Spokane Mortgage

Spokane Mortgage — Fri, 12 Feb 2010 20:15:35 +0000

I don’t think this will be the death of mortgage brokers – gosh I hope not, I’m one of them. I do think some will get weeded out. Hopefully, the ones that are left are the straight-shooting, authentic mortgage brokers who really care about putting their customers first. -Todd K.

By: Hard Money

Hard Money — Tue, 22 Dec 2009 04:08:07 +0000

Great site and info. thanks. If you need any hard money funding we can help just check us out.

By: Jacci Anders - Austin TX Homes for Sale

Jacci Anders - Austin TX Homes for Sale — Thu, 10 Dec 2009 07:43:43 +0000

Nice post and congrats. It is true though without the broker things may go easier but the costs will increase due to the lack of competition. So to say that things would be better without the broker is hard for me to believe. It really does depend on how you look at it. If price doesn’t matter at all then it’s better for you. If you don’t like being screwed around by the monster banks then you want to keep the brokers.

By: “There Will Be Death Panels Enacted By This Congress”

“There Will Be Death Panels Enacted By This Congress” — Sat, 26 Sep 2009 12:27:26 +0000

[...] don’t know for sure what the future will hold, but it sure seems like the winds of change are starting to blow when it comes to how mortgages are [...]

By: Low Risk Freelancing is Any Freelancing You do. — GenuineChris.com

Low Risk Freelancing is Any Freelancing You do. — GenuineChris.com — Mon, 31 Aug 2009 12:19:35 +0000

[...] the reality of the landscape I left: I saw that the mortgage brokers, independently, at least, were dead men walking. This was in 2007. The peak of the industry was probably late 2005. 2007 was when the carnage [...]

By: Mike Pannell (Dallas Realtor)

Mike Pannell (Dallas Realtor) — Tue, 18 Aug 2009 14:21:49 +0000

Yeah Congrats on the new postions. Keep up the good work

By: Mike Pannell (Dallas Realtor)

Mike Pannell (Dallas Realtor) — Tue, 18 Aug 2009 12:21:49 +0000

Yeah Congrats on the new postions. Keep up the good work

By: justinmchood

justinmchood — Mon, 17 Aug 2009 18:16:06 +0000

@Craig,

My personal opinion is that it is mostly a combination of regulatory changes and a land grab going on by the larger banks. Again – opinion only – I think that the foreclosure rates of the various channels have a small amount to do with it.

Thanks for the comment!

By: justinmchood

justinmchood — Mon, 17 Aug 2009 18:14:11 +0000

@Matt,

Agreed — “mortgages will always need people to sell them…” in some form, there will always be loan officers out there helping people… no matter if they work for a big bank or a small broker shop.

We will have to see how it all plays out!

By: craigballhagen

craigballhagen — Mon, 17 Aug 2009 14:49:48 +0000

Do you think that this is a result of a higher forclosure rate with brokers? Or something else?