Real estate blog entries tagged with 228 by Kevin Nelson MLO-121548 (Mortgage Advisory Group CL-36130)

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Kevin Nelson MLO-121548 : Kevin's Blog : Tag "228"

228: 2 Year Adjustable Mortgage Getting the Boot? - 07/18/07 05:02 PM

Is this the start of a trend?
My inbox is full today - mostly with subprime lending news. Do to market conditions, lenders are starting to drop their 2 year adjustable programs and extending them to at least three years.
I have heard many different reasons. Lack of profit, lack of time to build equity, etc. Really it's simple. Why would a lender want a loan that can't be sold on the secondary market?
Here is the article:
http://blownmortgage.com/2007/07/16/option-one-eliminates-the-228-subprime-arm-loan/
This just shows one lender. I have a short list I could add to it as well.
Take a quick look and leave some comments. I really don't see … (3 comments)

Related Links:

Kevin Nelson MLO-121548

Wenatchee, WA

More about me…

Mortgage Advisory Group CL-36130

Address: 1250 North Wenatchee Avenue Suite G, Wenatchee, WA, 98801

Office Phone: (509) 860-7197

Cell Phone: (509) 860-7197

Email Me

Links

Archives

Find WA real estate agents and Wenatchee real estate on ActiveRain.

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.