|
| |
subprime: SubPrime Ripple Effect; is your closing date safe? - 03/30/07 01:59 PM
The problems in SubPrime lending are starting to take a toll on the rest of the lending world. As fewer and fewer lenders exist to approve, underwrite, and fund loans the remaining SubPrime AND Conforming lenders have to pick up the slack. Well this sounds great for them... at least at first.
The new problem is that lenders have to figure out how to fit "80 pounds of [loans] in a 5 pound bag". The result is that underwriting times are becoming extended. Long gone are the days of 24 hour turn around times. Some lenders are running at 5 or more … (2 comments)
|
subprime: "a plague on both your houses" - 03/27/07 02:05 PM
Ok. I am confused is this a Real Estate Blog or a Shakespeare blog....
"As concerns about subprime mortgages plague the nation's leaders and lenders, America's homeowners are confused and worried about their own mortgages, according to a recent poll commissioned by Bankrate.com."
From Bankrate.com Mortgage ignorance rampant
Could some of the subprime woes and mortgage industry changes and record foreclosures be the responsibility of the consumer too?
I was shocked to read in this article that when "asked what type of mortgage they had. A stunning 34 percent of the homeowners had no idea."
That means 1 of every 3 people in the United … (4 comments)
|
subprime: FHA vs Subprime: default and foreclosure rates - 03/16/07 09:25 AM
The mortgage industry has been self regulating and making guidelines for SubPrime lending stricter for at least the past 6 months. Now with the pending "implosion" of the subprime market, congress is looking at other ways to further regulate the lending practices and guidelines for "risky, higher-interest home loans made to people with blemished credit records"
Tougher rules eyed for high-risk home loans Delaware News Journal
The article above also has some interesting data for the default rates on loans held by various types of lenders including Prime loans, SubPirme loans, FHA, and VA. SURPRISE! While the news is concentrating on the subprime market, … (11 comments)
|
|
|
|
|
|
Brian Papaccio
Newark,
DE
More about me…
Wells Fargo Home Loans
Address: 111 Continental Dr., Suite 102, Newark, DE, 19713
Office Phone: (302) 451-4235
Email Me
 Links
Archives
|
|
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.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)