subject: Current Mortgage Cycle's Two Year Anniversary [print this page] Current Mortgage Cycle's Two Year Anniversary
On the basis of our calculations, this month marks the two year anniversary since the current residential mortgage lending industry began to correction cycle and the "easy money" to an end (it had started August 1998). You'll find that last one, that, where even a monkey would earn a six figure annual income, because the lenders recklessly 'gave way to money "to borrowers was (of course it was not their $ $ $), and everyone got a piece of which (from the securitizationSources). Today, however, in this phase of the punishment of this new round, we are all in right now, those secutritizers, many of their investors, several of its insurers, many large Wall Street-shots, most of them (middle-man) creditors, and a lot of Borrowers are all with in order to pay it back one or the other way!
The sorta good news today is that you will more than likely not be forced to do the same, and if this cycle is as short as the last just seven years againstmore typical 10 years as the two before that, then everything we do is to hold more than 5 years of this current group of industry people employed to gain insight into what the company really like hard work not easy to simply shake the money tree! Whoppie.
Far more than a good news for all fans of Secret! University, (no matter what is your job to the industry), we offer two key areas for you to focus on how to move through this difficult time, and want a longMulti-year career, then:
1). Ethics: More than anything else this question is crucial for you to stay in a position in the economy over time. Their behavior has bulletproof and beyond reproach, a reminder of what it means Ethical behavior is what you do when no one is watching
