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underwriting: You want a delay? Ask for a rush. - 02/04/09 11:56 PM
As you all know there has been an increase in applications in the recent months. Much of the increase can be attributed to a drop in the rates that open the floodgates for Streamline FHA refinance activity and rate and term refinancing activity for those with equity. Many wholesalers that were 2-3 days in underwriting dropped back to 7-8 days in underwriting. When you have a 30 day escrow that begins the day that the bank accepts an offer, in a month like February, which is short and has a bank holiday, there is little margin for error.
Many times the wholesaler … (0 comments)

underwriting: EXTENSION PLEASE! Offering perspective on why. - 04/16/08 09:40 AM
Can we get a 1 week extension please? I continue to hear that escrows are not closing on time.(not my deals of couurse:) I have come here today to offer my opinion on this subject matter. As we all know the times have changed. Many of the sellers in today's market go by the names Countrywide, Washington Mutual, and Aurora Loan Services not Bob aand Suzie Smith. The sellers are motivated to sell but at their pace and on their terms. Not only do they ask the buyer to get pre-approved through their bank to retain more money but they also take … (0 comments)

 

Matt Freeman; Broker- California Mortgages

Roseville, CA

More about me…

Capitol Mortgage Corporation

Address: 1540 Eureka Road Suite 100, Roseville , Ca , 95661

Office Phone: (916) 960-0395

Cell Phone: (916) 402-5948

Email Me

This blog will contain information based on my thought s for the week. I am rather optimistic person so if you here pessimism in my blog usually I am making a point. I look forward to writing and reading many blogs.



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