I hear all these folks talking about how bad the mortgage situation is and how hard it is for martgage guys to make a living.

Now don't get me wrong the crunch has affected my business. People I could have sold a home to 6 months ago now can't qualify to buy a dog house. But, is all this a bad thing? I think we have just gone back to approving sensible applications. The tightening of requirements for loans has only made lendrs start loaning money to people with the credit ratings that deserve a home loan. Rather than throwing money at anyone with a pulse who could sign the papers with something that resembled a signature lenders are actually looking at peoples credit ratings.

The whole idea behind a credit score is to weed out those who should not be recieving credit. I think these standards should hold then if people wanted to own a home they would pay there bills.

I must say that the foreclosure market is a good thing for our company. We list a large number of foreclosures and are very successful at dealing with foreclosures. So I guess it is true that there are opportunities in every situation.

Not hard facts here just opinions from ME.