Oh- where oh where can they go!??????????????

 

That is what I have been singing since South Star Funding shut it's doors. I was very loyal to South Star and now I have no real affiliations to the subprime market. Of course, I have some in my pipeline!  Just curious to see who you dealt with and how they do business.  We are a small company and average 10-15 loans per month with 3 or 4 usually being subprime.  Please help if you can.  Thanks.

By the way, my actual situation is this:

 

647 mid credit score- no income or no ratio verified asset rate/term refi out of construction loan-  private VOR- RURAL property.  This is a w-2 employee who has been on job 6+ years.  HELP!

 

Thanks again.

Amy Anthony-Coile,  President

Classic City Mortgage, Inc.

215 Hawthorne Park

Athens, GA 30606

(706) 559-4482 office

http://www.classiccitymortgage.com

 

 
Posted by Amy Anthony-Coile on 04/06/2007 09:43 AM   Comments (10)  
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10 Comments on Help! Oh Where Oh Where can my sub prime loans go?

APR
06
2007
51 Featured Posts

Just an FYI I know the group Loan Scenario Helplineis looking for subscribers for situations like this. 
9:49am • #1

Thanks so much.  I sure will go there. Any more help is appreciated.  Hope you have a nice weekend.

 
9:53am • #2
My first thought is to put the loan process on hold and get some credit repair. Or, has that already been done?  Depending on whom you use, it isn't that expensive.
9:53am • #3
128,614 Points 12 Featured Posts Outside Blog

If I were you I would subscribe to LenderLab...

it can spit out some obscure companies and their programs to help you find out these scenarios

what's the LTV?

 
9:57am • #4
51 Featured Posts
Of course what i said isn't to discount the other groups :). I'm sure a number of the mortgage groups here can tackle this.
10:00am • #5
I'd check with broker bryant.  Good luck, welcome to AR.
10:03am • #6
203,499 Points 9 Featured Posts Localism Sponsor Hit Router Called Shot Master
Amy, you may want to try posting it on Mortgage Grapevine,  there are alot of lender reps there, but be prepared for a lot of trash responses also if you do.  I advise setting up a free email account through yahoo or somewhere if you post there, because you will get ALOT of spam.
11:58am • #7
Thanks to everyone.  I didnt mention it earlier but the ltv is 90%. I will definetly try these suggestions.  Thanks again.  I am loving AR so far!
8:36pm • #8
APR
07
2007
128,614 Points 12 Featured Posts Outside Blog

you know... try one of the local coop banks or credit unions... I know someone that just closed on a rural one from them

also - search AR - someone just did a post on Rural loans as a forgotten program

o
7:13pm • #9
Thanks.  I am new here and really don't know how to fully utilize AR so any help is appreciated.  Thanks again.
8:49pm • #10


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Amy Anthony-Coile

Athens, GA

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WR Starkey -Classic City Team

Address: 1686 Prince Avenue, Athens, GA, 30606

Office Phone: (706) 559-4482

Cell Phone: (706) 714-8083

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