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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: zamboz who wrote (101848)3/3/2009 10:58:59 AM
From: TH1 Recommendation  Read Replies (1) of 110194
 
Rick,

Interesting.

Another comment I forgot to add is that I know of one business that is booming out of control. And that is reverse mortgages. My buddy in Detroit is a well known top dog in this segment (you can hear him on those finance radio programs and he speaks all over town...mostly to older people). Anyway, six months ago his business was dead. Now he is working 12 hours a day and can't take any time off. I think he has 14 independent reps working for him and he is contracting more.

Reverse mortgages are in a boom phase. The new MEW for those who qualify. His biggest problems are comps and the fact that new rules require an approved third party to do appraisal.

GT
TH
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