Well, it seems like the market is forcing lenders to continue making cuts… WaMu announced yesterday that they are closing their Wholesale lending division…which definitely affects a few of my friends who stuck around after they gave me the axe…but I also read they are closing all of their home loan centers, which affects some [...]
Well, it seems like the market is forcing lenders to continue making cuts…
WaMu announced yesterday that they are closing their Wholesale lending division…which definitely affects a few of my friends who stuck around after they gave me the axe…but I also read they are closing all of their home loan centers, which affects some of the Loan Consultants…some of the people I used to work with. A few of them are real jerks…but it still sucks for them.
And I thought this article from the Seattle Times was interesting…not because it was insightful by any means, but they actually quoted a loan consultant saying, “I know we’ve had it rough, but I was worried about getting production up. I guess this industry doesn’t have any security.”
That is probably the STUPIDEST thing I have ever heard. Anyone who as worked a day in the lending industry knows there is never security.
What a moron.
Anyway, I’m just glad they kicked me out when they did.