double POSITIVE Marketing Group, Inc.

As I sit here this moment and watch the DOW down a record 770 points – because the House rejected the Bailout Bill – my stomach is turning just wondering when is this going to stop? It’s been a rough month folks not only in the credit markets; our friends in the South have had to deal with two big storms that still have some without power.

Watching the debate on Friday Night was not to appealing either. Neither candidate stepped up in my opinion and dodged the bailout questions as best as they could. Clearly, this is a time where there is so much uncertainty and we don’t know what tomorrow will bring as far as more bad news.

So I spent some time thinking what would the bailout do to the mortgage space and mortgage lead space. Whether you are blue or red; I think we can agree that the bulk of the money will be spent on the mortgage backed securities which will allow the banks to lend more money again and get rid of this credit freeze.

We need this! We all need this bad!

You folks want to originate and we want to sell more transfers. There are good odds that if you are still reading this newsletter you have weathered the storm this long and have to continue to fight. We both know you will be rewarded in the long run because there are definitely going to be barriers of entry to get back into this space.

When the next boom hits (we all know it will be different) and your buddy wants to jump back to the space the state might not let him. We witnessed many folks jumping on the band wagon in 2003 and 2004 just hop right in and there is no way that will happen again. My entire point here is that no matter how bad it is, we are in this together.

Best Wishes,
Joey