However one of the reasons home prices go up is because of the cheap financing.
It's a catch 22. Easy financing puts food on my table. And I could easily do like some of these guys, just shove these loans down everyone's throat, make a killing, and be jobless in a year.
Or-I could do it the way I have been. Make what works out to still a very good income, while treating people fairly and ethically so that they send me their friends and relatives, and come back to ME when they need something else like an equity loan or refinance, because of the trust and relationship I have built.
Let me know if you ever want a job in Maryland - we can always use lenders with that kind of attitude!
How could you lose your job from making bad loans? Isn't it true that most or all of the loans get flipped over to Fannie Mae, at which point Fannie Mae assumes all of the risk?