As of 2016, Susan is no longer practicing in the USA and retains this blog as a service. Clients may call or email for a professional realtor or lender referral in Whatcom and San Juans counties
ARCHIVED BLOG POSTS
We just learned that Greenpoint Mortgage, a 20 year old company, was closed down by parent company Capital One. I noticed when Capital One took over Greenpoint their guidelines eased and they became a hot Alt-A lender. Not so hot now! Why did this happen? Well, Capital One is not known for their ...
Last Wednesday, American Home Mortgage and its wholesale arm, American Brokers Conduit, closed their doors. Their investors stopped buying Alt-A loans, the bulk of their business. Last year, this company closed over $58 billion in home loans. Despite being a well-run business, they filed for bank...