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The Deep Shame

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Homeowners wanting to refinance may need guidance right now, should you use a mortgage broker? A New York Times story reports that banks won't touch mortgage brokers right now, and wonders if consumers should, too. Here's one opinion: “If you want to get ripped off, go to a broker, and if you want incompetency, go to a bank,” said Mike Stoffer, a mortgage broker himself with Stoffer Mortgage in North Canton, Ohio, who admitted to occasional shame when he tells people what he does all day." [NY Times]