Hundreds of thousands of these Ponzi Scheme and mortgage fraud enablers will now be out on the market looking for new work, and what they'll find is that "Mortgage Broker" or "Real Estate Agent" are as desired as "Crack Cocaine Dealer" or "Escort Service Manager" on business resumes.
I feel sorry for the one or two "honest" and "ethical" ones in this business, but seriously how "honest" or "ethical" could you have been to push toxic loans on ignorant sheeple for a commission? Guilt by association I say. Thanks SoCal for the link..
Life amid the ruins - With the end of the economic good times, local people adjust to diminished expectations.
When Tracy Railsback submits her resume for a job, the first thing managers notice is that she worked in the mortgage industry. It doesn't get her a warm reception.
"Reputable companies, they don't want to look at you because they think everybody in that industry was bad and that's not true. Not everybody made tons of money and not everybody was dishonest," she said.
"Maybe if I stayed in waitressing I wouldn't have this problem at all, because the restaurant business doesn't go away," she said.