Just curious if any of you mortgage brokers have any opinions regarding the financial situation of Countrywide. Some street speculation that they may go bankrupt.

Whats your spin on the Fed's talked about cut in the primp interest rate. What effect do you project it will have if indeed they cut it by half point? Will this be enough to pull the stock market back up and head off a recession?

Well I guess we didn't see that one coming. Kodo's to the fed. At least they are trying to stop the bleeding. Tax cuts when implemented will also have some effect although it wont take place right away. The ecomony will recover it just may take a while.