Government Bailout

The news has reported that we will know this week what the government's plans are to aid in the mortgage and economic crises. Many experts have many opinions, and while I am no expert, my opinion is certainly that the Government has to step in and do something. As you know, those of us here at Premier are like a family. Independently owned and operated, we often jokingly refer to our company as "friends and family mortgage." That said, we truly care about our clients. It is difficult to remove yourself, separating work and home, in this business. We are deeply invloved in a customer's entire financial overview and their complete credit history. This creates a great deal of trust and intimacy which has always been one of the most rewarding parts of my job.For example, seeing a new family cross the threshold of their new home, saving money for families and watching them cut up credit cards and save money (I have had a number of clients send me cut up credit cards attached to the thank you bouquet!).
The other side to that is the hopelessness I feel when a client calls and I cannot help them. Lately, there are so many more "no's." Job losses, super low home values, and very limited loan products leave very few options these days.
That said, we feel very fortunate that our company is still in business and my employees can still feed their families. We are closing a solid amount of loans each month and look forward to seeing the changes introduced and the effect on our mortgage making abilities!
More information today http://www.msnbc.msn.com/id/3683270/