I enjoyed both books and the movie. Below is an interesting section from the second book.
The wolf was out of money and in the middle of legal proceedings when he moved into mortgage refinancing which was meant to lower the interest rate and save the house owners money...
...I finally got down to business, I grossed $7,000 in commission in less than thirty minutes and saved her $300 a month in the process. Or at least that's what I tried to do. What ended up happening was slightly different...
*snip*..she said, "I do not give a **** about lowering my mortgage payment, Jordan. I just want to take cash out of my house." She winked at me. "You know, a little mad money? Didn't you ever get the urge to spend a few dollars?" Her name was Thelma. I smiled and held back from saying, "Well, Thelma, there was this one time when I was high on Quaaludes and decided to extend my yacht to make room for my seaplane!" Then I said, "How much cash would you like, Thelma?"
As I would soon find out, Thelma's answer was typical of many American homeowners, the majority of whom would eventually fall behind on their mort-gage payments and end up in foreclosure. She so much as said, "Listen, Jordan, get me as much ****ing cash as possible, and I don't give a **** if the rate's exactly the same as it is now. I just want to redecorate my home and travel to exotic places and buy a new sewing machine and a flat-screen TV and a twin engine speedboat, and then I want to pay off the balances on my credit cards so I can run them back up again in six months and refi once more!
"And, by the way, Jordan, if you can figure out a way to get me approved for one of those newfangled adjustable-rate mortgages, where the payment is supercheap for the first few years and then explodes to a level that I won't possibly be able to afford, then that's what I want too. I'll worry about the payment when I'm living in a homeless shelter!"
Ahhhh, the refi boom *snip* Within a week I had grossed $50,000 in commission, and the week after that I doubled it. And just like that my money problems were over.