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real estate: Mortgages and liquidity - ALT A Loan Problems Explained - 08/06/07 12:26 PM
Anyone who has been watching the media withing this last week saw some big changes in the mortgage industry, including the all of a large national mortgage lender - but then again, we all like placing our loans twice, don't we?  If we are lucky, we won't have to do it a third time.
You can read about the lender here:
http://www.msnbc.msn.com/id/20144277/
The articles refer to 'liquidity' of the loans, which I thought I would offer a little insight to.
In many cases, lender will transfer a mortgage by selling to another lender.  With a non-conforming, or ALT-A loan, these mortgages … (1 comments)

real estate: Another One Bites the Dust - Get Your Loans Funded NOW!!! (and a great link). - 03/05/07 05:34 PM
Here is the great link:  http://ml-implode.com/
31 Lender Under - How Many More Can We Lose?
Same story when I come in to work everyday.  One lender calls to tell me of three others shutting down for business or being bought out.  He wants my to pilfer my pipeline.  I usually give the same canned answer.  "all of my loans are conforming.  Thanks anyways".
The interesting thing to me is the effect this has on all of the advertising we hear about - as a lender I constantly get emails and calls regarding the current boom of adjustable rate mortgages setting to expire.  You've … (4 comments)

 
Kevin_nelson_3x5_b

Kevin Nelson MLO-121548

Wenatchee, WA

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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

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