Great report from CNBC’s Diana Olick on the Paulson/Bush Housing Gambler Bailout failure, and Greenspan’s latest brain fart December 19th, 2007 | Category: Mortgage News Read the funny piece on her blog and additionally watch the video with her and the lovely Erin Burnett, and vote in the poll.I liked how she closed at the end mentioning the blog and how the reaction she gets to any type of government bailout is overwhelmingly against.Keep on it HP’ers. You have a … mortgage fi The loan officer's job is to help you process your application for a mortgage. To see if you're suitable a certain mortgage product, they will look into your personal credit account and start the approval process for your transaction.