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I was so glad that I -- the lending preacher -- CEO and you know speaking -- we're this big.
Party ends on Thursday -- -- stated that -- 74000.
BankAmerica stadium and update you got BankAmerica -- going to be everywhere.
And I don't know that's a good or bad statement of president but it it.
Well I'm not sure it's good or bad for the president but I think it actually tells the tale of the last the last four years.
Not a way we've seen the mortgage industry the big banks have certainly done very well.
Concentrate over 60% of the market among the top five banks meanwhile mortgage employment down over 50%.
Consumers are paying higher rates and other little guy the local mom and pop mortgage broker seven a tougher time -- millions out of business he.
Find it odd that we go after the banks for not lending itself when it was aggressive lending.
That got a bid to particular the first place so they've got a -- -- do dip in the don't.
I think that is somewhat true.
Although what we're really seeing right now is -- consumers are paying higher rates of paying higher rates because there's less competition.
Would not see things picking up -- -- of accountability indicate.
That it's beginning to percolate I don't want to jump the gun but it.
Seems to I think we're -- were absolutely at a bottom it seems like you'll get a positive indicator one day in a negative indicator the next day.
So it's kind of anybody's guess in my view though the more competition we have.
The better the market's going to be in the better it's going to be for the consumer to have more people competing for the consumers business and help them get the best deal they -- You know -- being -- you know your profession certainly better -- I don't -- move by the judge but I'm wondering.
Whether we're sending the right message going back -- bit risky loans but the days when.
We loosened standards and maybe this might be the time to -- and stated so more people can get mortgages.
What do you worry that we might slip back to -- the same problems that got us in this.
I actually don't I think that right now -- the consumers are actually being denied credit.
Credit is very very tights.
And you have a real point is that the credit -- lenders were being -- -- customers were not bidding divert warrant will keep in mind that most loans are.
Aren't really went by a bank that erratically securitized apparent right now the private securitization market is still very much.
Shut down -- -- get alone is if it's approved by the Gupta federal government Fannie Freddie.
Or the FHF.
Are -- supporting -- president.
I'm actually got supporting lovers can address the problems head on.
Help the consumer out bring competition and I get to sell -- applied by -- -- perfection do you think that there.
-- I do think the over regulation and the lack of clarity on regulation to -- For example one no regulation called the safe back.
Impose great licensing standards on the industry but that exempted the banks so he can't pass the mortgage exam and literally get on the street work for the bank.
You know I never thought of it you're absolutely right.
-- thank you very much -- -- update ability freak here.