mortgage meltdown: Citi Home Equity cuts ltv's in declining markets - 03/01/08 01:12 PM
On March 3rd, Citi Home Equity will cut their ltv's from 90% to 85% in areas deemed to be in a declining market.  Chase is already tapped at 75%.  Crazy, these guys were lending up to 100% ltv 6 months ago.
DebtFreeDave
GetPrequalified.com 
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mortgage meltdown: ING cut my deal - 02/29/08 03:22 PM
I had a 1.1 million dollar loan with ING the cut my appraisal and dropped my loan amount to $930,000.  This is the second time I have been nailed there.  I had a 2.5 million dollar appraisal that got cut to 1.5 million.  I'm curious if anyone else is running into … (2 comments)

mortgage meltdown: The Countrywide rumor mill, are they close to being done? - 01/10/08 11:03 AM
Countrywide has been in the news of late.  The news doesn't appear to be good.  The rumor on the street is that they are just days away from bankruptcy protection.  The heat on this issue has been so intense that Countrywide has issued a formal statement on the matter: 
“There is no … (4 comments)

mortgage meltdown: National City Wholesale bites the dust - 01/05/08 02:14 PM
It was a sad day when the division for national city closed its secondary lending.  I used to use them a lot.  Now on the last day of 2007, National City announced that they will cease their first mortgage lending as well.  I have to admit that this was suprising.  I … (6 comments)

 
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Dave Mason
Scottsdale, AZ
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