loan denials: State of Denial - The Death of Lending
- 12/09/09 03:00 AM
Now that the banks have sucked the money out of our economy and then our government they are now hell bent on holding on to it. It's no secret in the mortgage business that lenders are doing everything they can NOT to lend. I'm not talking about making risky loans. I'm talking about preventing qualified, responsible people from buying a home. Even when loan applications meet every federal lending guideline the wholesale lenders apply restrictive "credit overlays" to deny mortgage loan applications. Furthermore, it appears that experienced underwriting specialists have been replaced with less costly processors who have no … (0 comments)
Now that the banks have sucked the money out of our economy and then our government they are now hell bent on holding on to it. It's no secret in the mortgage business that lenders are doing everything they can NOT to lend. 
;)
;)
