The numbers are in for the 2007 housing market, confirming what what was already known, it was not a good year for to be a mortgage broker, or mortgage banker.

 Sales of existing homes fell 2.2% in December, and for the year ended down 13%.  This marks the largest drop in 25 years.  Prices also fell in 2007, median pricing dropped 1.8% (to $217,000), the first time this has happened in 40 years.