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News Blog Archives
News-Blog posts insightful comments on the latest international news that render us taken-aback in the domain of the quality of life. News-Blog: Circle-of-Life News The circle of life: February 18, 2008 The death of the packager has long been predicted, but present conditions are prompting a revolution in the services they will offer in the future, says Ian Giles
The Chinese use two brush strokes to write the word 'crisis'. One brush stroke stands for danger, the other for opportunity. In a crisis, be aware of the danger, but recognise the opportunity. It is a saying that appears frequently in lists of famous quotations and has been attributed to several different people. But if the origination of this pearl of wisdom is vague, the sentiment is absolutely clear and provides an excellent focus for the mortgage industry in 2008. It is natural to baulk at the word 'crisis' being used in association with our industry, but few can argue against the enormity of the impact created by the by the global credit crunch in the second half of last year. The effect of capital market investors losing confidence in mortgage-backed securities completely transformed the working environment for most lenders and the rate of change has been staggering. But 2008 promises to be a year of great opportunity for those businesses that are able to think on their feet and adapt to new market conditions. Many of the changes we can expect this year were on the cards even before the credit crunch, but the impact of the crunch has accelerated the rate at which businesses need to evolve in order to survive volatile economic conditions. News Blog Comment:
The circle of life comes back to the same square one always, but ALWAYS with a difference! Brokers who are using a packager should review their procedures in line with the findings of the latest research. This will help the broker to put adequate risk management systems in place, and will help ensure the suitability of advice for any customer who relies on them. Even when using a packager, it is important for brokers to remember that if they are representing themselves as the provider of advice to customers then they - not the packager - are responsible for that advice. Wanna have some bidding fun with 'Circle of Life' on ebay auction? You might grab a bargain or two! Just say your bid and you're done: I invite you to subscribe to my E-zine titled Life Coach, free of charge. This E-zine publishes insightful comments on the latest international news that render us taken-aback in the domains of various facets of life. A not-to-be-missed opportunity! Subscribe to it here: I also invite you to subscribe to my Life Blog - no need to provide your e-mail address here. This RSS feed keeps you informed about new developments taking place on this site. It also harbors 25 journal bloglets - including news blog - posting insightful comments on the latest international news that render us taken-aback in the domains of various facets of life. In order to subscribe to the blog, right-click on the orange RSS button (see buttons up to the left) and then paste the URL into your RSS reader. Or click on add to My Yahoo! button or My MSN or Add To Google button if you keep a personalized home page there. If you are not sure what RSS or blogging is all about, click on What's an RSS Feed? here:
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