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Munchkin, I think you're right.
What he's seeing are people who had no business buying homes, in some cases they have no documentation of income and when he asks what they brought when they got the initial mortgage, they tell him the paperwork was filled out for them and they didn't have to provide W-2's or bank statements, it was totally based on "their word" and in many cases these people didn't have any concept of what they were getting into.
The whole thing is making my 24 year old son very jaded....
His attitude is becoming, "Welcome to adulthood, hate your job and find out most people are either idiots or a-holes."
I'm really hoping that after he has a year under his belt he can transfer to a different department or branch, it's a bummer talking to him, he seems really beaten down. That kind of banking is no fun! Maybe it was back in the hayday when money was rolling in, but now that the piper has come to be paid, the people cleaning up the mess are having a horrible time of it.
I want to know where all those brokers and mortgage loan officers are now? They should be cleaning up their own messes!!
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