introduction

I am lying in bed at 10:30pm and just decided to start this blog because I am sick and tired of hearing these idiots on television saying that the recession is ending and that the recovery has begun. REALLY?! Where do they get their information? Sesame Street? I am a mortgage banker who speaks to roughly 100 people per day...and of these 100 people,70 do not qualify for a mortgage due to a loss of income, their house has dropped value, or the guidelines have changed...20 qualify but would not benefit due to the current rates and programs available....and 10 are good candidates. I can tell you without a doubt that things are not getting better, they are getting worse. And if you think the foreclosure rates are high right now? You aint seen nothin yet.There is going to be a whole new wave of people losing their homes in the coming months and years. I will happily explain this in a future post. My hope is that this blog will be informative and entertaining as to what is really happening in the economy...not just what the Talking Heads want you to believe. Until tomorrow, syanora...this guy needs to get some sleep