Hookers, realtors and Mortgage Brokers

Eliot Spitzer has shown us that hookers make up to $5,000 an hour.

Yup, that's the kind of easy money that's gonna attract a lot of ex-realtors and mortgage brokers.

Few Jobs Available for Unemployed Mortgage Brokers

It's not easy being a former mortgage broker.

With thousands of layoffs in the county, and more to come, it's safe to say that finding a job in the home lending industry is a thing of the past for now.

A year ago, brokers were clamoring over one another for business, leaving automated messages on voicemails and promising even those with the worst credit scores that they could have their own homes.

Today they seem to be in hiding.

And the alternatives for employment are just as limiting. With no growth forecasted for county jobs, even a career change could prove challenging.

HousingPANIC Stupid Question of the Day

Who was the most ignorant and irrational market player during the Late Great Housing Ponzi Scheme? In other words, who's gonna be in for the biggest shock of their lives as this all caves in?


1) Homedebtors, who didn't understand P/E ratios, historical norms, interest rates, toxic loan terms, how home prices are achieved or how rampant REIC corruption was

2) Realtors, who didn't understand that it's never different this time, that the good times couldn't last, and that once the crash started, it wouldn't stop until its natural and fitting end

3) Corrupted appraisers, who didn't realize that their fraud will be some of the easiest to trace once the authorities wake up and start doing their jobs

4) The mainstream media, who took NAR press releases and printed them as gospel

5) The federal reserve, who thought blowing a new bubble to replace the NASDAQ bubble was a fine idea

6) China, who thought we would pay back those silly bonds and loans

7) Homebuilders, who wildly overpaid for land, who based their business model on illegal labor, who will be arrested by SEC authorities for cheerleading their stock while dumping it, and who destroyed yet another American industry for short term gain

8) Freespending mortgage brokers, who flamed out as fast as drkoop.com

9) Wall Street Analysts, who must have gotten their degrees at Arizona State, who evidently never read Manias, Panics and Crashes, and who were surprised by the downturn month after month after month after month

10) George W. Bush, who encouraged people to buy homes regardless of the price or fundamentals

Others: CDO holders, hedge funds, David Lereah, Sheeple, Flippers, Congress, illegal immigrants, Harvard JCHS, Brits, home retailers, local and state governments,

You can't make this stuff up. Put on lots of protection then watch this mortgage broker ad

Thanks MB again for the link... Although in the end I wish I had never seen this. And yes, this is a real ad from a real firm.

This industry is so disgusting folks, I think "mortgage broker" will soon be seen on the level as "crack dealer", "hooker" and "Bush advisor". Careful - you can get an STD from this ad