lender: Dear Abby, Mortgage Edition
- 03/21/07 03:50 PM
I'm curious... I am sure that in your business, like mine, the changes in the mortgage industry create a variety of different hurdles to overcome. I have heard comments ranging from the guideline changes to the actual mortgage lenders and brokers dealing with customers. I have a lot to say and would like to use my voice to help YOU! Please, give me your input. I will take your questions and suggestions and use them for my blog topics. It's Dear Abby for the Mortgage Industry! What is the biggest mortgage challenge you are facing today? … (0 comments)
lender: What is happening with the subprime mortgage market?
- 03/18/07 11:42 PM
Whether I am deal with customers here in Tampa, Florida or in Michigan, I am being asked this question on a regular basis..."What is going on with the subprime mortgage market?" First, what is a subprime mortgage? For anyone who hasn't been in business for the past couple years, it was a great tool for getting "credit challenged" borrowers into a mortgage. Mortgage brokers were able to approve loans to borrowers with credit scores down to 560, 1 day out of bankruptcy or foreclosure and not proof they could pay a mortgage! Was it right? The majority of the time, no. That is … (3 comments)
I'm curious...
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