I got this information from a representative from one of our investors and found it very interesting. I figured I'd pass it on. Take heed folks, we are in line for a very, very, interesting year to come.
Time to Separate The Men From The Boys.
Ann - just copied a recent blog from Brokeruniverse.com to toss out what some others are saying in the Mortgage Broker world about Southstar. Seems there was some question in here about their status. My post only added to the 'questons' about Southstar.
No big deal.
You ever check out Broker Universe? Thoughts?
Yes David - The talk on the street is B of A will purchase Countrywide as soon as they get their deposits in line.
and Mule Nuts - word on the street is Novastar is one of those lenders that will be consolidating soon as well ... not sure they are going so strong
-------------- just what i am hearing -------------------- LP
Cut Rate...
I've seen high rate real estate firms now charging fees ON TOP of their full 6/7%!!!!
It's nice to see everyone has taken the list with a grain of salt.
This is just 'word on the street' as you can see with a snippit of the Broker Universe blog.....but does tell a 'story'. The old "Where there's smoke....there's USUALLY a fire"
Last i heard bank of america pulled out of talks with countrywide. But who knows in business anything can happen.
Eddy
This came from another contact via activerain....
I really like your blog, you might want to update that
Silverstate Mortgage with 170 retail Lo's in Las vegas and branches all over the NW region closed their doors yesterday.
It is an interesting year.
Renee Jones
Production Manager
Direct Access Lending
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As the Origination News reports, it looks like Southstar has closed down. I'm a Mortgage Recruiter and I'd be glad to talk with any of you folks who may have been working for Southstar or looking for a new opportunity (I still have quite a few Alt-A opportunities I represent).
Feel free to email me at pganem@clcareers.com or call at 865-455-0840
Good luck to all!
Paul J. Ganem
Apply online at: http://www.clcareers.com/
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Hey Paul, I'm a Mortgage Originator. Nice to meet Mr. Mortgage Recruiter. I burn no bridges in biz and I never worked for Southstar. Keep in touch.
Rob, I am ridiculous and you know that. It's all about painting the bread with the peanut butter. (I'm not entirely sure what that means but somebody said it today and I thought it sounded decent enough.)
Ben - You and me both man....
Mike - I think I'm still here:-)
Burned Out Broker - Yeah, I got some flack for this one:-) I think once the smoke clears, those still standing....will reap the rewards. Good luck in your future ventures!
hey guys - i am still around.... been away from Active Rain but still hanging in actually have been busy growing my company until this month as of now - back to last man standing mode~~~~~~~~~~~~
god bless us all....
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