Things are tough and getting tougher for main street these days for sure, if my incoming phone line is any indication. Getting a steady flow of ‘A paper’ people hoping to refi… some are squeaking by with approvals, and most are getting rejected. I think one concept not getting due attention is the question, why aren’t investors investing in loans? I believe its because they know there’s more to come. Smart money is on REO’s, not loans. Why lend at 6%, when inflation is here right now, on everything but home prices, which are dropping like falling knives?