Jeffrey, in southern California we're seeing a typical shift in market (which we've seen before). In most businesses related to real estate those firms that have sound business models weathering the change should be a bump in the road. Other businesses, in your case lenders, I think is the same...the cream always rises to the top. With the subprime issues out here, businesses built in the subprime model are declining, but brokerages with balanced models are doing fine.
I think a fair way to sum it up is that many of us are glad to see a little less competition.