I remember during the boom 2004 to 2008 there seemed to be no end to work. I can remember doing closings for people who had rotten credit. They were refinancing adjustable rate mortgages with new adjustable rate mortgages which started at 4% but reset at 11%. When the questioned the loan officerhe told them not to worry. by the time of the reset their credit would be repaired and he would get them a 30 year fixed rate mortgage at a low rate of interest. Then the market tanked and they went out of business. The borrowers are now in foreclosure.

These were the  types of mortgages that served as security for the mortgage backed securities that failed an brought on the recession.

Things seem to be getting better though within the last few months. The volume of real estate business seems to be improving.