I think mortgage brokers are scum of the earth. Most of the ones I know, have no ethics, and expect quick money now during others biggest investments. They often spin a story in a selfish manner. They misuse and abuse terms like “American Dream”, and say things like “My job is great, I help people own a home”. In reality is it one of the most misunderstood, hypocritical ways that people are allowed to make money.
One of the worst examples of a mortgage broker I know, is the most cocky, vain, womanizing SOB you’ll ever meet. He brags about how much money he makes on these loans, and how he could give a loan to anyone with a pulse and make a killing.
It’s funny now the brokers are spinning a new sob story and are calling the responsible ones heartless. They want a bail out so that they can continue with their greedy ways. Profiting big time off of the backs of hardworking families.
Granted I’m for free markets and generally less regulation, but I think this industry needs heavy regulation.
Sorry if I offended one of the few “good” brokers.
