I saw this post somewhere else that you cut and pasted it from. It is pretty scary. The major flaw with it is that the sample selection is very biased and taken from a subprime lender.

“My office of 7 loan officers takes +/- 100 loan applications per week, 90% of that coming from cold calls.”

Sorry but you are dealing with the bottom of the barrel in terms of borrowers when you are drawing your leads from cold calls. How many of us on this board would refinance our mortgage with someone that just cold called you?

With that said, it is still frightening that the most vulnerable people in society are being exploited so badly.