When we decided the name Mortgagebam, we had no idea it would sound similar to another big name that was around many years ago. The name we are talking about is BAM, which was short for Barclays American Mortgage, of which by accident we found an old article dated back to 1995 when the operation was ton be sold because it was losing money.
It just shows you how old the internet really is now, when we are finding 13 year old articles related to financial and mortgage issues. It just shows that some mortgage organisation had their troubles well before this current credit crunch.

Right through recent history we have been on a rollercoaster ride, when things have been good and things not so good. It is a lesson to remember that what we take for granted today may not be around tomorrow, but also that even during the bad times, it is amazing how quickly things can turn around. The petrol price situation this year is an example. Oil prices are lower than what they were before that crisis began. We now have a situation where mortgages are now becoming very cheap also, if you accepted to have one.

Mortgagebam is putting together a mortgage lead generation system for those in the market, to try and stimulate business also. So with a bit of luck and the media not picking and choosing which sound bite to use, we may find things improving quicker than we thought. Maybe this is too optimistic, but someone has to be.