{"id":2223,"date":"2007-11-14T14:21:22","date_gmt":"2007-11-14T21:21:22","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=2223"},"modified":"2007-11-15T08:49:20","modified_gmt":"2007-11-15T15:49:20","slug":"the-odysseus-medal-failure-is-a-costly-but-cogent-instructor","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2223\/the-odysseus-medal-failure-is-a-costly-but-cogent-instructor\/","title":{"rendered":"The Odysseus Medal: &#8220;Failure is a costly but cogent instructor&#8221;"},"content":{"rendered":"<p>Here are the Odysseus Medal winners, finally. My apologies for being two days late, but my little hop to Las Vegas put me way behind on everything.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/WinnerTheOdysseusMedal.jpg\" align=\"left\" hspace=\"6\"\/>I run with a fast crowd here, but I don&#8217;t cut them any slack. I am never nice for the sake of being nice, and I don&#8217;t ever hesitate to tell what I believe to be the complete truth. Even so, I don&#8217;t love it when one of our wins the Odysseus Medal, because I don&#8217;t want anyone to even <i>suspect<\/i> that I might be swayed by personal considerations. But great work is where you find it, even if you find it at home. So this week&#8217;s Odysseus Medal goes to BloodhoundBlog&#8217;s own Brian Brady for <a href=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=2200\" target=\"_blank\">HR 3915: Open Letter to Senator Dodd from a Veteran Mortgage Originator<\/a>:<\/p>\n<blockquote><p>Dear Chairman Dodd:<\/p>\n<p>Soon, HR 3915 will be endorsed by the House of Representatives and most likely referred to the Senate.  The <a title=\"bankingsenate\" href=\"http:\/\/banking.senate.gov\/\">committee you chair<\/a>, will have an opportunity to read, discuss, debate, and amend this bill before recommending it to the general Senate for vote.   I am a 20 year veteran of consumer financial services with the last 14 years in mortgage lending.  I have helped over 700 families finance their homes and closed some 1700 loan transactions.  I humbly submit my expert opinion to you for consideration.<\/p>\n<p><strong>The Libertarian in me begs you to do absolutely nothing<\/strong>; it&#8217;s the borrowers&#8217; cavalier attitude towards financial planning that caused this mess.  While my statement is true, it is but a component of the underlying malaise in the residential real estate industry; we adopted an even more cavalier approach to loan approvals and that irresponsibility is being felt by the investors who trusted us to perform adequate due diligence.  Failure is a costly but cogent instructor; to discourage failure on both the borrower and investing lender sides of the equation might be more costly in the long run.<\/p>\n<p>I oppose individual originator licensing in its proposed form.  It doesn&#8217;t demonstrate true expertise and might induce a false sense of security to the consumer.  <a href=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2223\/the-odysseus-medal-failure-is-a-costly-but-cogent-instructor\/#more-2223\" class=\"more-link\">Read more<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Here are the Odysseus Medal winners, finally. My apologies for being two days late, but my little hop to Las Vegas put me way behind on everything. I run with a fast crowd here, but I don&#8217;t cut them any slack. I am never nice for the sake of being nice, and I don&#8217;t ever [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,3,6,5,23],"tags":[],"class_list":{"0":"post-2223","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blog-carnivals","7":"category-blogging","8":"category-marketing","9":"category-real-estate","10":"category-the-odysseus-medal","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2210,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2210\/the-odysseus-medal-competition-voting-for-the-peoples-choice-award-is-open-6\/","url_meta":{"origin":2223,"position":0},"title":"The Odysseus Medal competition &#8212; Voting for the People&#8217;s Choice Award is open","author":"Greg Swann","date":"November 11, 2007","format":false,"excerpt":"Fifteen nominees this week, although ten are from BloodhoundBlog contributors, writing either at BHB or at their home weblogs. I don't know what to do about this. I don't think I'm being biased. The one thing I could suggest is that y'all nominate more posts from a broader range of\u2026","rel":"","context":"In &quot;Blog Carnivals&quot;","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2161,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2161\/the-odysseus-medal-competition-voting-for-the-peoples-choice-award-is-open-5\/","url_meta":{"origin":2223,"position":1},"title":"The Odysseus Medal competition &#8212; Voting for the People&#8217;s Choice Award is open","author":"Greg Swann","date":"November 4, 2007","format":false,"excerpt":"A dozen-and-a-half nominees, but seven of them are from BloodhoundBlog. We had a great week; there were five more that I had to wince hard and cut. A lot from the news, as usual, plus tools, tips, tricks and techniques and the kind of deep thinking that makes this competition\u2026","rel":"","context":"In &quot;Blog Carnivals&quot;","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2235,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2235\/the-odysseus-medal-competition-voting-for-the-peoples-choice-award-is-open-7\/","url_meta":{"origin":2223,"position":2},"title":"The Odysseus Medal competition &#8212; Voting for the People&#8217;s Choice Award is open","author":"Greg Swann","date":"November 18, 2007","format":false,"excerpt":"Eighteen nominees this week. I had a bunch of posts from Active Rain, and, while I didn't pick any this week for the short list, I'd like to encourage y'all to continue to enter. There is some good stuff over there that I would not see otherwise. Vote for the\u2026","rel":"","context":"In &quot;Blog Carnivals&quot;","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2474,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2474\/the-odysseus-medal-competition-voting-for-the-peoples-choice-award-is-open-14\/","url_meta":{"origin":2223,"position":3},"title":"The Odysseus Medal competition &#8212; Voting for the People&#8217;s Choice Award is open","author":"Greg Swann","date":"January 6, 2008","format":false,"excerpt":"A total of 15 entries on the short list this week, out of a long list of 55 posts. Vote for the People's Choice Award here. You can use the voting interface to see each nominated post, so comparison is easy. Ahem: Please don't spam all your friends to come\u2026","rel":"","context":"In &quot;Blog Carnivals&quot;","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1835,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1835\/easy-nomination-form-for-the-odysseus-medal\/","url_meta":{"origin":2223,"position":4},"title":"Easy nomination form for The Odysseus Medal","author":"Greg Swann","date":"August 22, 2007","format":false,"excerpt":"I built a quick and easy nomination form for The Odysseus Medal competition. You can continue to use the BlogCarnivals entry form, but I put this together to make it easier to nominate posts written by other people. The form lives at the top of The Odysseus Medal information page,\u2026","rel":"","context":"In &quot;Blog Carnivals&quot;","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1907,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1907\/last-call-for-odysseus-medal-nominees\/","url_meta":{"origin":2223,"position":5},"title":"Last call for Odysseus Medal nominees","author":"Greg Swann","date":"September 9, 2007","format":false,"excerpt":"I changed the graphic at the top of the page for the better part of last week, an homage to Kris Berg's excellent post, but I don't think anyone noticed. We have a bunch of great entries for The Odysseus Medal, but only you know what we're missing out on.\u2026","rel":"","context":"In &quot;Blog Carnivals&quot;","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=2223"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2223\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=2223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=2223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=2223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}