Despite the apparent recovery of the financial markets and the thinly disguised optimism from the Fed, Florida real estate investment guru, Ron LeGrand, sent a chilling warning to all loan officers and mortgage brokers today with this stark message: “if you are trying to make a living in the mortgage business and you’re worried about the credit crunch and the dark waves of fear, uncertainty and doubt settling over the financial markets, terrified that the business really is in its death throes... then you’re RIGHT.”
