I have a good friend that has worked in the mortgage industry his entire 35 year great career. He said he's never seen anything like this. "it's imploding at an unprecedented rate". He anticipates being unemployed by year end. He's already had to let tons of people go. It's crazy.
What goes up, must come down. And this time, it's coming down straight to hell.
...sadly true...
...this one is going to make the 2008 collapse look like a garden party because this one is going to have commercial property to account for...
I have a good friend that has worked in the mortgage industry his entire 35 year great career. He said he's never seen anything like this. "it's imploding at an unprecedented rate". He anticipates being unemployed by year end. He's already had to let tons of people go. It's crazy.
...his situation is not uncommon....