A beaten-down mortgage broker walks you through the Countrywide Mortgage Scheme

UghMortgageBiz at 23:45 2008-06-29 said:

I have no idea why I watched this whole video...perhaps it was to see if this shill would end up admitting to his responsibility in the whole mess, but he didn't.

EVERYONE in this business had a part in it, even if you just went along with the sham because you needed a job, even if you held up your integrity, but kept working at a company where others didn't. So,yes; I am also to blame. However, I don't know anything else...I had no other options unless I wanted to make minimum wage...and let's be real, I never made much in the business, only the sales people and those that helped fudge things did.

So, it pisses me off that this guy will sit there and ramble on for 9 minutes about who the whole world is against him...he's a major part of the problem. He got into the business at that subprime company knowing what he was doing (yes, he participated in it, not just watched it) and still kept on. He wasn't complaining when his big commission checks were rolling in, only now that they have dried up and he's not making the big buck so easily anymore.

He should have tried doing all the other jobs in the industry that make nothing, while he was raking in the dough.

Sorry for the rant... Permalink

NonproducerAE at 07:29 2008-06-30 said:

I hate Countrywide with a passion and I really wished they had gone bankrupt instead of being eaten by B of A. The only thing left to hope for is that Mozilo and his henchmen go to jail. That being said, I almost upchucked my breakfast after watching this 10 minute video. Some average educated, sloppy dressed, needed to shave whiny mortgage broker blaming it on "the banks" while never apologizing for ripping off borrowers with 6 points in the subprime garbage loans he was pushing. Working in the mortgage fraud epicenter of Las Vegas, no less. Looking at, and listening to, this tool only makes me wish mortgage brokers in their entirety disappear from the landscape. I can't believe these morons aren't back on the car lots and the mobile phone booths at the malls. Permalink

gobert at 12:19 2008-06-30 said:

Funny, the video is no longer available. Who pulled it??? Permalink