Don't feel too bad for this guy. He's not ashamed to show his face in public. As in, having lunch this past Friday at Cracker Barrel. And then being in line in front of me at the checkout.
To put things in a different perspective, mortgage brokers that pushed someone into a subprime loan with a pre-pay penalty got up to 5% of the value of the loan. With the average loan in CA well above $500k, 3 loans a year and that is more than what the good Dean made in a year in salary. If the broker didn't drink the kool-aid, they would come out with up to $30k a month in "legal" commissions.
Don't feel too bad for this guy. He's not ashamed to show his face in public. As in, having lunch this past Friday at Cracker Barrel. And then being in line in front of me at the checkout.
ReplyDeleteOnly $17k? What an amateur...
ReplyDeleteWake me up when it hits 6 figures.
To put things in a different perspective, mortgage brokers that pushed someone into a subprime loan with a pre-pay penalty got up to 5% of the value of the loan. With the average loan in CA well above $500k, 3 loans a year and that is more than what the good Dean made in a year in salary. If the broker didn't drink the kool-aid, they would come out with up to $30k a month in "legal" commissions.