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	<title>Comments on: Mortgage Crisis Rolls On&#8230; Fraudsters to Be Bailed Out</title>
	<link>http://www.411lowdown.com/2007/08/22/mortgage-crisis-rolls-on-fraudsters-to-be-bailed-out/</link>
	<description>-The Hottest Celebrity News &#038; Information on the Net</description>
	<pubDate>Fri, 25 Jul 2008 12:30:07 +0000</pubDate>
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		<title>By: Coach Steve Toth</title>
		<link>http://www.411lowdown.com/2007/08/22/mortgage-crisis-rolls-on-fraudsters-to-be-bailed-out/#comment-499</link>
		<dc:creator>Coach Steve Toth</dc:creator>
		<pubDate>Thu, 23 Aug 2007 06:48:04 +0000</pubDate>
		<guid>http://www.411lowdown.com/2007/08/22/mortgage-crisis-rolls-on-fraudsters-to-be-bailed-out/#comment-499</guid>
		<description>CJ;

Blaming anyone is this present crisis isn't going to move us forward.  We are all responsible for creating this mess.  It's very easy for any us to build a case or argument about how good things are in the this industry or how bad they are.  That's because both are true.  

But the things that are bad are just symptoms of some deeper issues within the industry, that until now not many us have been willing to talk about.  It requires us to do some soul searching.  It also requires us to declare responsibility for getting the results that we have gotten to date.  Lets take responsibility and stop pointing our fingers every where out there other then to ourselves-the time has come to collaborate not just through our posts but our voices and to find solutions. The industry is in a huge breakdown, which in a way is good news because that is what's required to create transformation and change. 

When it comes to compensation you are way oversimplifying it and obviously didn't do your research about how mortgage brokers are paid and how long it takes to complete a file.  Most mortgage brokers are self employed and figures you talk about are gross not net.  Most of them are on a split with the office where they work similar to Realtors.

We need to talk about solutions not blaming and pointing fingers.

To Your Success,

Coach Steve</description>
		<content:encoded><![CDATA[<p>CJ;</p>
<p>Blaming anyone is this present crisis isn&#8217;t going to move us forward.  We are all responsible for creating this mess.  It&#8217;s very easy for any us to build a case or argument about how good things are in the this industry or how bad they are.  That&#8217;s because both are true.  </p>
<p>But the things that are bad are just symptoms of some deeper issues within the industry, that until now not many us have been willing to talk about.  It requires us to do some soul searching.  It also requires us to declare responsibility for getting the results that we have gotten to date.  Lets take responsibility and stop pointing our fingers every where out there other then to ourselves-the time has come to collaborate not just through our posts but our voices and to find solutions. The industry is in a huge breakdown, which in a way is good news because that is what&#8217;s required to create transformation and change. </p>
<p>When it comes to compensation you are way oversimplifying it and obviously didn&#8217;t do your research about how mortgage brokers are paid and how long it takes to complete a file.  Most mortgage brokers are self employed and figures you talk about are gross not net.  Most of them are on a split with the office where they work similar to Realtors.</p>
<p>We need to talk about solutions not blaming and pointing fingers.</p>
<p>To Your Success,</p>
<p>Coach Steve</p>
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