Tuesday, March 24, 2009

FW: Inman PM: The new mortgage market: Think 1999

 

 

Mark Adamczyk

Realtor/Owner
ItsYourSale.com, Inc.
504 N. Wymore Road
Winter Park, FL 32789
Phone: 407-227-6263
Fax: 866-269-5994
Mark@ItsYourSale.com

 

http://www.ItsYourSale.com

 

 

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From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Tuesday, March 24, 2009 3:59 PM
To: mark@itsyoursale.com
Subject: Inman PM: The new mortgage market: Think 1999

 

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Tuesday, March 24, 2009

The new mortgage market: Think 1999
ROOKIE: Tell me about what the mortgage market looks like.

BRIAN BRADY: The world has been reset to 1999 in terms of underwriting guidelines. Bankers consistently react badly to market conditions. When there's euphoria they loosen, and when there's fear they tighten. That's the opposite of what they should do ... CONTINUED

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