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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (11380)	6/26/2003 10:26:49 PM
From: Les H	Read Replies (1) \| Respond to of 306849

Mortgage insurer warns of shortfall nj.com

To: Les H who wrote (11380)	6/26/2003 10:59:00 PM
From: Mr. Sunshine	Read Replies (1) \| Respond to of 306849

Les, thanks for that article! They did not mention the downside however. The mortgage business is really feast or famine, more than any other business I can think of. EVERYONE wants to refinance & buy when the rates are the lowest. When they start going up, or even remain steady for a long period of time, all this business will dry up and ... BAM!!! No more work. All those people who were hired will be laid off, all the new real estate agents, loan, escrow, title, appraisers, etc will feel real pain. When this happens (not if, but when) you will see the whole mortgage business contract by at least half, probably 75%.