Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Mortgage broker's bubble burst
Mortgage broker's bubble burst
Stacie, Delilah, Abbie and Gary Parkes

Gary Parkes
Woodstock, Ga

I've had a diverse career, and owned several businesses in my day, including a floral shop and a residential cleaning company.

Then, in 2001 I entered the mortgage business. I was one of the honest, ethical, always-do-the-right-thing people, and in 2008 I was even named a Top 25 producer by the Georgia Association of Mortgage Brokers.

But then, the housing bubble burst, and my mortgage business started a gradual decline. My income was reduced by two thirds in 2009 and 2010.

Now, I'm actively job hunting while trying to originate mortgages with no success. I have applied for 100s of positions, I network with people constantly, and I proudly have over 100 endorsements on my LinkedIn profile.

I do not know what else to do to get a consistent income stream.

Last updated July 19 2011: 5:37 PM ET
Join the Conversation
My degree isn't worth the debt!

Facing rapidly rising college costs, these six folks took out unsustainable student loans.