Jeff, Great post. We need to keep the consumers informed. People all over the country are panicking.

The sad pard is it couldn't have happened to a nicer bank. When it comes to actually helping consumers who were in trouble, they always seem to be busy.

Jeff - Thanks for the update on Countrywide.  Do you see this happening with any other banks in the near future?  I've been telling buyers that it is more important than ever to use a broker and not a bank because of their ability to find new programs when banks discontinue programs without notice.  Good post.

By the way, how did you add that cool graphic to subscribe to your blog (which I have already)?

Nice update Jeff, this is to be expected, as the mortgage market corrects itself like any industry employment and product adjustments happen.  Nice post.

A good Post Jeff and one that bears watching. The fallout in people losing jobs, Over and above the numbers in the real estate business and loss of revenue. it will have to have a great impact on the tax revenues as well. the loss of income over all is going to be totally devastating to our economy, though it will be a while yet before it is felt.

Great post Jeff. It is good to see you are keeping your community informed. Katerina

Great post Jeff. It is good to see you are keeping your community informed. Katerina