ostarella: (Huh?)
ostarella ([personal profile] ostarella) wrote2009-06-05 12:54 pm
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Well, my home town is slowly closing its doors - or at least it feels that way. The Ford dealership is closing - the owner's retiring - and the Chrysler dealership will no longer be Chrysler; whether they'll stay in business after they run through their inventory I don't know.

And in other news - more American businesses are shipping their jobs overseas.

Is there something wrong with this picture?

[identity profile] mlpsunflower.livejournal.com 2009-06-06 01:49 am (UTC)(link)
Let me add to this, becuase my company isn't a typical mortgage company. We are what you call a mortgage servicer company for HUD, Freddie etc. We don't make new loans. We buy loans from other mortgage companies. Mainly mortgage companies that are either going out of business or trying to get rid of some of their inventory. Similar to how credit card companies send you over to a collection agency. So you get quite an assortment of loans, some that haven't ever made the first payment.