banks: Buyer Must Cross Qualify With Bank Of America, Chase, Wells Fargo etc. - 02/02/12 05:42 AM
Well today was a first for me. My buyer absolutely refuses to cross qual with Bank Of America or any other lender for that matter. She has shared her information with one lender and that's that. End of story. I understand BAC wants to know for sure she is qualified to complete a transaction. And I do ask my buyers to check GFE from at least two lenders to get the best loan deal out there. But not this buyer. 
It really is ridiculous to have to cross qual on the bank owned properties. I had asked for a buyer to … (3 comments)

banks: What Happens When The FHA Loans Go To Default In Two Years? - 09/20/09 02:33 AM
With only 3 1/2% down will they bail when housing prices drop again in two years? Will the people with Conventional loans hang in there? Will the banks and the government own all the homes? Will we become a company state. Where as the house, car, food stores and job you have are all be company owned? Is this the face of CHANGE? Think about it?
 

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