12-12-2010, 03:33 AM
Bet you everyone got their commission on closing though.........
And yes the buyers are left holding the bag....
The only way to clean up the industry is to get all of the commission based players out of it imho
By its very nature they are not advocating for the buyer - rather they need to close to get paid - damn the consequences
Added links 9:04 am
timely and related read: A Secretive Banking Elite Rules Trading in Derivatives
http://www.nytimes.com/2010/12/12/busine...gewanted=2&_r=1&hp
bofa mortgage mess:
http://www.nytimes.com/2010/12/12/busine...tml?src=un&feedurl=http://json8.nytimes.com/pages/business/index.jsonp
mortgage servicing companies working for these folks who hold the derivatives - think the little guys are getting a fair deal?
edit added link
And yes the buyers are left holding the bag....
The only way to clean up the industry is to get all of the commission based players out of it imho
By its very nature they are not advocating for the buyer - rather they need to close to get paid - damn the consequences
Added links 9:04 am
timely and related read: A Secretive Banking Elite Rules Trading in Derivatives
http://www.nytimes.com/2010/12/12/busine...gewanted=2&_r=1&hp
bofa mortgage mess:
http://www.nytimes.com/2010/12/12/busine...tml?src=un&feedurl=http://json8.nytimes.com/pages/business/index.jsonp
mortgage servicing companies working for these folks who hold the derivatives - think the little guys are getting a fair deal?
edit added link