Real estate blog entries tagged with real estate by Duane DeSalvo (Somerset International)

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Home : Blogs : Duane DeSalvo : Duane DeSalvo's Blog : Tag "real estate"

real estate: MAKING SENSE OF THE MORTGAGE INDUSTRY - 09/05/07 06:48 PM

Steve Carrigan, Mortgage planner and Branch Manager of Pinnacle Financial in Camarillo, CA wrote a great article which presents the history of the mortgage lending industry in the United States, what is happening in this industry today, and how the changes affect/benefit the consumer. It is reprinted here with permission. I hope you find this interesting!
Saga of the US Mortgage Industry
The Old System of Mortgage Lending
By Steve Carrigan
Once upon a time, during the good old days when life wasn't so complicated, banks lent money to borrowers and never sold these mortgages to unfeeling, multi-billion dollar institutions with call centers in distant … (1 comments)

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Duane DeSalvo

Camarillo, CA

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