Bob Ipock
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- Jan 15, 2002
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- Certified Residential Appraiser
- State
- North Carolina
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Nearly 90,000 mortgage jobs eliminated (2007)
- Thread starter Bob Ipock
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Couch Potato
Elite Member
- Joined
- Mar 15, 2004
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
That's 90,000 people who no longer order appraisals.
Mike Kennedy
Elite Member
- Joined
- Sep 28, 2003
- Professional Status
- Certified Residential Appraiser
- State
- New York
12/31/2007 dow jones, nasdaq, s&p annual
Nero fiddled while Rome Burned aka Funny Money ........ while more than 100,000 financial services sector employees hit the bricks for Christmas.....
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"Despite recent turbulence, U.S. stocks look set to finish the year higher. Year-to-date, the Dow is up about 7 percent, the S&P 500 is up about 4 percent, and the Nasdaq is up nearly 11 percent."
http://money.cnn.com/2007/12/31/markets/markets_nyopen/index.htm
Nero fiddled while Rome Burned aka Funny Money ........ while more than 100,000 financial services sector employees hit the bricks for Christmas.....
-------
"Despite recent turbulence, U.S. stocks look set to finish the year higher. Year-to-date, the Dow is up about 7 percent, the S&P 500 is up about 4 percent, and the Nasdaq is up nearly 11 percent."
http://money.cnn.com/2007/12/31/markets/markets_nyopen/index.htm
Mike Kennedy
Elite Member
- Joined
- Sep 28, 2003
- Professional Status
- Certified Residential Appraiser
- State
- New York
from that article........
"MortgageDaily.com analyzed layoffs and hirings involving at least 50 people at 205 mortgage companies in 2007 for the study."
the 90,000 were only the ones counted in that survey.
Suggest doubling that number for a more realistic view:icon_idea:
Scott Kibler
Elite Member
- Joined
- Oct 7, 2003
- Professional Status
- Certified Residential Appraiser
- State
- Illinois
I wondered why the service has suddenly been really good at Taco Bell.
Tony V
Elite Member
- Joined
- Mar 29, 2005
- Professional Status
- Certified Residential Appraiser
- State
- New York
Tim The Enchanter
Elite Member
- Joined
- Jan 24, 2002
- Professional Status
- Certified Residential Appraiser
- State
- California
No. Some of those were appraisers.
Jimbob Mudd
Freshman Member
- Joined
- Jan 8, 2008
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
The best I've experienced was Homegate/American Home Mortgage going bankrupt. They got me for $11,000 in fees that I know they collected prior to filing but now I have to go thru the bankruptcy procedure to collect. And to chafe the wound, they have chnaged their corporate name and are buying back the business minus the outstanding debt.
Lysander in Charlotte
Member
- Joined
- Jan 16, 2002
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
Jimbob, I wondered who was doing all those deep discount appraisals for Homegate.
American Home was one of our best accounts until they opened HomeGate. We wouldn't accept the lower fees.
In essence, the bankruptcy just changed the amount of the discount from 25% to 100%. I'm sympathetic anytime an appraiser gets the shaft from the likes of an Americah Home. I'd be even more sympathetic if they were not discount appraisals reports.
American Home was one of our best accounts until they opened HomeGate. We wouldn't accept the lower fees.
In essence, the bankruptcy just changed the amount of the discount from 25% to 100%. I'm sympathetic anytime an appraiser gets the shaft from the likes of an Americah Home. I'd be even more sympathetic if they were not discount appraisals reports.
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