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so i'm not worried about it. over the long-term, it will be okay. >> i don't want to look. bye, bye, bye, i guess. i feel bad for anyone that is 65. >> i have good financial advisers. i'm sure they'll manage it. >> keep those things in mind. for someone like me, my time runs out 25 years from now. so more or less be patient. short term, you know, it's not great. long-term it's going to go up and down like it always does. >> it will be back eventually. we've been burning long and hot for a long time. we've been overdue for this. >> neil: so are we coming out of a rough patch or should...

Planet Home’s Michael B. reminds me, “I miss every shot I don’t take.” The topics here in Orlando at the FAMP convention include not only prospecting, prospecting, and… prospecting, but also not missing a shot by offering clients more than a couple products. Freddie, Fannie, FHA, and VA are fine, but every client and referral source is precious, and what happens if someone walks through the door and needs a loan for a renovation (remodel), or a condotel, or a non-warrantable condo, or qualifies for a bond program, or… the list goes on. In the category ...

If you were a w-2 employee. >> you know, you really have to take a look at your overall plan, if you will. because the process has changed quite a bit. one of the things that you need to know, this isn't the refi days of old with no doc and stated doc loans and things like that. you have to have your documentation in place. and you will have to show at least two years verification of employment. they want to see that you are consistent employment. that makes it very difficult in this job market where there's been so many inconsistencies. people might have had a part-time job or have a few job ...

Inventory on the market. that's the reason the drag on prices has been so low. prices were down. it's dragging down prices. but as the inventory gets soaked up and price starts to turn around people come out of the woodwork to buy. martha: i'm curious about something you said. a will the of the early foreclosures were people who overextended. they were in houses they shouldn't have been in in the first place. but you are saying the foreclosures we are seeing are bus people lost their jobs. the sad development in this story. >> reporter: they shouldn't have been in a lot of these loans. no job,...

Mortgages. immediately the mortgages they bought, mortgage-backed securities on the market, they allowed lenders to lend -- we call them ninja loans. no income, no job applications. those went bad almost overnight in 2005. >> let me stop you there. the legislation allowed them to buy and permitted these loans to go forward. absolutely. >> no job loans, no nothing. it was incredible. we have not begun to deal with the issue yet in financial regulation. it's a complicated process. >> it is complicated. but why is a financial institution going to step away from what had been established practices...