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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Canuck Dave who wrote (17389)	8/20/2003 4:14:43 PM
From: loantech	of 39344

Dave, In a different situation the last two years in mortgage banking. I work for a major banking firm that has a smaller mortgage division. In Oregon our wholesale division is going crazy with business (from broker shops). I work for the retail side directly with new buyers or refinance customers. I am located out of a very small 2 person sattelite office. The prior two managers over two years time ran off more business than they brought in. They and the other originators are gone. My co-worker and myself have been running the shop for months on a shoestring and breaking even (we are salaried with closing bonuses). No advertising to speak of etc. A new regional manager for retail was just hired so things should start cooking and the party will be over. <ng> As far as volume I would say that refis will be coming to a screeching halt very fast. Only ones left in the pipeline are from before and during the recent rate rise. End of game in my opinion unless the 30 year loans go lower than 5.875 %. Dave my wife will let me go to Sweden but only on a rope after your expose'. tom

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