The mortgage market is experiencing a meltdown due to a perfect storm of factors including subprime and Alt-A lending with loose underwriting standards, which has led to high delinquency rates on mortgage-backed securities. As a result, underwriting guidelines are tightening, the number of potential home buyers is decreasing, and foreclosures are increasing. Borrowers with non-conforming, stated income, no-doc, and Alt-A loans are most impacted. Real estate professionals need to partner closely with lenders, educate sellers on realistic pricing, and ensure buyers are well qualified and prepared.

1. Mortgage Market Meltdown What it Means to You PHILIP GLOVER PROSPERITY MORTGAGE CO. 410-499-3456

2. Perfect Storm

8. Critical Question What would your life be like if you closed 50% fewer deals in the next twelve months?