tag:blogger.com,1999:blog-15497577.post62186184513053985..comments2007-08-14T09:55:03.501-07:00Comments on -Another F@CKED Borrower- casualty of the housing bubble: Waking up to a CNBC nightmare...the Hillary interv...SoCalMtgGuyhttp://www.blogger.com/profile/17467248138790712902noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-15497577.post-86640494662238830302007-08-14T09:55:00.000-07:002007-08-14T09:55:00.000-07:00As of January 1, 2007, in response to the problems...As of January 1, 2007, in response to the problems you describe, Washington State started a license requirement for Loan Originators.<BR/><BR/>We must have a background check through both federal and state law enforcement agencies, pass a state-run test, and are required to have a certain amount of continuing education courses (some of which must be ethics related) each year to maintain our Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15497577.post-64602062224061374202007-08-11T09:39:00.000-07:002007-08-11T09:39:00.000-07:00I think you are being too optimistic.When houses g...I think you are being too optimistic.<BR/><BR/>When houses get "marked to market" which will occur next week, there is going to be a seize up of consumer spending. The "Free Money" (as a FB I know used to say about home equity) spigot has been turned off, or will be soon. Anyone still lending to people with less than 20% equity in their house is being suicidal to say the least and deserves what Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15497577.post-12963447752062093562007-08-10T23:06:00.000-07:002007-08-10T23:06:00.000-07:00Ugh, more talk about a housing bailout. Why do us...Ugh, more talk about a housing bailout. Why do us renters always have to support the homeowners who are usually our economic betters anyway? Where's the economic justice in that?Anonymousnoreply@blogger.com