The local mortgage industry implosion has hundreds of Massachusetts mortgage brokers fleeing the industry. In late 2007, Massachusetts Division of Banks reported 1,511 licensed mortgage brokers on the books. In December 2008, it was down to 1,006. As of December 1, 2009, the numbers were down to 600 licensed brokers in our local area.

So are you like me, wondering where hundreds of these former mortgage brokers are working now? Well, Banker & Tradesman tracked a few of them down. The following are excerpts from B&T:

Craig Good, formerly of Norwood-based Mortgage Results, became a small-time fruit and flower peddler in downtown Boston,” he said. “My stand is awesome.” (See picture above).

The pay is about a third of what his mortgage business was, and the work is tough. Good now has to unload trucks and deal with the elements, although his stand is strongly sheltered and moderately heated. But the simplicity of the work appeals to him.

I heard that Graig Good is a “good apple.” Okay, here’s my favorite one:

Souza, a former wholesale mortgage representative, left her job after the real estate bubble imploded. But she’s now riding a completely new bubble, as a kind of Mary Kay of cash-for-gold. Her new business, Boston-based Gold to Green, organizes home parties where groups of women gather at a friend’s house, bring their old gold jewelry and exchange it for piles of cash.

“We’re growing like crazy,” Souza said. “It’s fun, no stress, everybody’s making money.”


Looking forward to your comments.

File Under: You can’t change a Zibras’ stripes

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
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