Extinction huh?  Well, it seemed to work for us when the dinosaurs kicked the bucket. 

http://www.boston.com/realestate/news/articles/2007/11/07/mortgage_brokers_fear_extinction_if_new_bill_passes/?p1=MEWell_Pos4 

Mortgage brokers fear ‘extinction’ if new bill passes

Losing yield spread premiums would destroy revenue model, group says

By Tom Kelly  |  November 7, 2007The Boston GlobeThe National Association of Mortgage Brokers is so concerned that recently proposed legislation would crush its revenue model that it scheduled national teleconferences and prepared sample letters for members to mail to their respective congressmen.In an e-mail to all NAMB dated Nov. 1, Denise Leonard, the organization’s government affairs chairperson, wrote:“Mortgage brokers are facing extinction. The U.S. House of Representatives is considering a bill that will fundamentally change the way we are paid, outlaw YSP, and legislate underwriting guidelines into law. Additionally, we fear that all subprime lending will cease to exist due to excessive lender liability. …”

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