Quote:
Originally Posted by Rick Lee
Most mortgage companies are not banks.
|
They're also not managed like banks either. I don't know enough on how they will become affected.
for entertainment
A few years ago after the last housing crash my bride was doing "workouts" which means to me "search and destroy" or do what's necessary to balance books.
She's working on a small mortgage bank who grabbed so much $ they were foot loose. The owners son, aka division manager, left his new car still running at La Guardia airport right in front of the airline's entrance because he didn't have time to park it before his flight. He didn't care because he had a few other new ones. His condos were all going belly up etc etc. The mortgage bank's capital were all responsible for his debt.
She commented to a co-worker after being told she's firing to many people.
"To bad, I'm ovulating."