Changes in the mortgage industry

I came across a great blog that is worth the read. It is short:

http://www.linkedin.com/groupAnswers?viewQuestionAndAnswers=&gid=119616&discussionID=7281287&commentID=6615555#commentID_6615555

The author relates Darwin's theory of evolution to the evolution of the mortgage industry and especially as it relates to small brokers vs. large lenders. It seems to me that he is correct in his assertion that we are in a period of survival of the fittest.

Posted by Art Marine on 09/17/2009 04:35 PM

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Mortgage Industry in the Mortgage / Finance Channel

mortgage, mortgage brokers, mortgage banking, lender, lending, real estate, mortgage lenders

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1 Comments on Changes in the mortgage industry

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Art: Thanks and so true! Perhaps there were too many of us. I would say the weaning out in our industry is good for the consumer. Before, there were too many LO's where it was all about the money. Now, with less products and rebate, it's better for our client as they're not being pushed toward something that doesn't make sense for them. Thanks again!

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