Orange County Mortgages

In looking at the most recent edition of Origination News, it seems very clear as to who the big winners are - Top Residential Correspondent Lenders through First 9 months of 2010 -

1.  Bank of America

2.  Wells Fargo

3.  Chase

4.  GMAC (Ally/ResCap)

Lo and behold, who was at the table when the new laws were created.  In my over 20 years in this business, I have never seen a climate of such pessimism amongst my peers.  Come April 1, 2011 when the new compensation requirements of the new kick in, the industry will be less than 20% of what it was only a few years ago.  It is a shame.    All I would ask for is an even playing field where I can work hard and provide for my family.