Listen, I’m gonna make this quick, cause quite honestly this might be my final post here on Lenderama. After the Head Honcho sees this la la la title, there’s a good chance I’ll be fired and if that’s the case then it’s been nice knowing all of you.

OK, so I know where Todd’s coming from on the “freak out or take it in stride” attitude and I totally agree. What I wanted to share with all of my mortgage broker friends [and what I’m willing to risk my job over] is the fact that there’s also a great opportunity here. Believe it or not, this Alt-A Shakeup & Takeaway makes it a great time to be a mortgage broker! Think about it. Some of these companies retail departments have lost Alt-A altogether and others still have some programs. The landscape is changing as we speak. Yes, everyone is seeing this on CNN, but no one knows what to make of it. Seize this opportunity to gain market share and educate your referral sources that mortgage brokers fund loans with the greatest number of sources. If it exists, then we can fund it! If XYZ Bank lost all Alt-A programs then I’d be making contact with the real estate office that XYZ Bank retail sat in.

All right, I wrote an article called Alt-A Judgment Week and I created an account with ActiveRain. By the way, ActiveRain looks like a great real estate networking site. After Todd fires me, you can find me there. Adios!

Posted by: Paul - Broken Credit