Regulated out of Business?
real estate market
As many of you know, there is pending legislation that would regulate (read: reduce or eliminate) the compensation of mortgage originators. The Fed has not realized that many of the worst players are no longer in the business and no lenders are offering any of the worst mortgage products. Imagine telling a Realtor that he or she would be limited to a certain $ amount of commission on a sale, regardless of the price of the home? Anyone in a sales position should find this scary, whether you sell automobiles, copiers, or anything. Does any thinking person really think that these things benefit the consumer, or that they actually HARM the consumer by eliminating some of the most talented people in the industry and FORCING consumers to one or two large (government aided) banks.
