bad credit: What Kind Of Selection Do We Have Left In Mortgages
- 08/27/07 11:57 AM
Ok, it is not news that subprime has pretty much become a thing of the past, but for those Realtors, who are also loan officers, how do you know what type of selection you have left? The market is changing so rapidly that you don't know what programs are still available or what banks are offering them. Or what about the homeowner who for whatever reason, has not noticed all that is going on. You can familiarize yourself and your clients with updating them that everytime a bank closes, its doors to subprime, the next bank is taking a larger risk; … (1 comments)
bad credit: What Are You Doing To Ensure You Stay Above the Status Quo???
- 08/24/07 08:25 AM
More than 50,000 in the mortgage biz gone already 30,000 just last week. And 100,000 less realtors. And it's just getting started. The mortgage market has really spiralled, with that in mind. It is a great deal harder for buyers to buy, and sellers to sell. Banks are closing their doors daily, and the intrest rates have become unbearable for even the best of credit scores. Share your thoughts! Although the market is not what is used to be 3 months ago, less more, three years ago. I strongly believe it will turn around. … (7 comments)
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Rachel Jones
Cert. Short sale Specialist, Long Island Realtor L
Ok, it is not news that subprime has pretty much become a thing of the past, but for those Realtors, who are also loan officers, how do you know what type of selection you have left? The market is changing so rapidly that you don't know what programs are still available or what banks are offering them. Or what about the homeowner who for whatever reason, has not noticed all that is going on. You can familiarize yourself and your clients with updating them that everytime a bank closes, its doors to subprime, the next bank is taking a larger risk; … (1 comments)
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