Saturday, March 03, 2007

GMAC Mortgage Executive: "Headed Halfway Down the Mountain"

"We're all going to be struggling, struggling more than we are today. We're headed halfway down the mountain, and we've got a ways to go."
Robert A. Camerota, Sr., GMAC Mortgage Group senior vice president, March 3, 2007
From North County Times: Prominent mortgage exec sees further dip in market