lending guidelines: Home Loans Are Very Affordable Today - Why 417,000 Is A Magic Number - 09/07/07 02:11 AM
With all of the negative news, its very hard for our clients to not get caught up in the negativity. Tons of foreclosures, banks going out of business, too much inventory, dramatic warnings of double-digit depreciation. "I am going to wait until things settle down" is commonly heard. You may want to reconsider. Today, … (9 comments)
lending guidelines: NEW LENDING GUIDELINES---VERY IMPORTANT---PLEASE READ AND UNDERSTAND!! - 08/09/07 06:32 PM
Someone forwarded me this today. Very important new lending guidelines for everyone to understand: ======================================================================= Covina Mortgage Lending, Wholesale. Very Important- Guideline Changes Effective August 8, 2007 · All borrowers must have one blue eye and one brown eye to qualify. · LTV > 65% SIVA requires minimum credit score of 849. · For all LTV > … (12 comments)
lending guidelines: “What in the Heck is Going on With Lending and How Do We Adjust Our Business?” - 08/06/07 11:31 AM
Last week, a real estate broker I have tremendous respect for, sent me an email that said, "What in the heck is going on with the lending business and how do we adjust our business?" He asked me to come speak with the agents in his office about it tomorrow. Here … (12 comments)
lending guidelines: American Home Mortgage facing BK---what does this mean? Get your clients loans locked! - 07/31/07 10:22 PM
The headlines today read "American Home Mortgage facing bankruptcy." http://www.usatoday.com/money/industries/banking/2007-07-31-american-home-mortgage_N.htm?csp=34 What does this mean to you and me? Agents and their lenders? The first wave saw the subprime lenders go out of business. This next wave will be the companies that are heavy in ALT-A lending. "Alt-A" or alternative loans are nontraditional mortgages, like those with … (4 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
With all of the negative news, its very hard for our clients to not get caught up in the negativity. Tons of foreclosures, banks going out of business, too much inventory, dramatic warnings of double-digit depreciation.
;)
;)
