I am available now to do seminars in local offices regarding what is going in the mortgage industry.  Local being NY, NJ and CT.

 It seems that a lot of my business is now coming in from customers that were promised loans and later found out that the brokers could not deliver them as promised.  This is due to the rapidly changing parameters that the investors are now accepting and or working with. 

The secondary market is waiting for the dust to settle for them to start getting their feet wet with new loan pools and the market is cleaning itself up.  the question you want to have answered is will the loan fund and will the commitment be honored.  Also ask yourself if their is a rate lock extension policy in writing that the lender will honor.

The problem is a complex one but the answers are really pretty simple once you get an understanding how the market works. 

 I will be happy to come to your office and explain this all to your team or even to agents that would like a better understanding of how the lending side of the business operates.

 Scott

scott.mitchell@wellsfargo.com