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Lenders - who will make the cut?

By
Mortgage and Lending with Apex Home Loans NMLS #369577

Ok - so this is an updated version of a previous blog, but I think it warrants everybody's input.

Question is, who do you think the top 5 lenders are that will weather this storm? I can tell you I have been alligning myself with as many major "Banks" as I possibly can. I believe that there will come a point very soon, where investors will tell brokers sorry, we are not signing up any more mortgage companies at this time.

My top 5 investorsI think will weather the storm -  in no particular order:

 

Citi

Chase

Suntrust

B B & T

Nat City

 

there are also a handful of other banks that could be thrown in here such as Wachovia, Flagstar, IndyMac and M & T just to name a few. My intentions are not to signal any specific ;lender out,I simply would like to see how other mortgage professionals view this topic.

 

 

Posted by

 NMLS ID - 369577

MORTGAGE ADVICE - PROBLEM SOLVER 

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contact me directly - 301-332-9540

email me directly - lewisporetz@gmail.com 

"I am not in the mortgage business - I am a highly skilled mortgage banker who is in the customer service business."

 

Comments (8)

Leon Austin
Mobile Notary Services - Colorado Springs, CO
Colorado Springs Mobile Notary

 "who do you think the top 5 lenders are that will weather this storm?"

I'm not a mortgage professional. And my knowledge of mortgages isn't that good. But I think that Wells Fargo will weather the storm.

 

 

Sep 25, 2007 12:15 AM
Robert Spaight
Homestar Mortgage - Barrington, RI
I have to agree with Leon and put Wells Fargo on the top of that list.
Sep 25, 2007 05:07 AM
Beverly Jeppesen
Beverly Jeppesen - Ocala, FL
I agree with Chase, but I also think Aurora and BOA.
Sep 25, 2007 06:06 AM
Lisa Conley
SunTrust Mortgage, Inc. - Charlotte, NC

I agree with SunTrust, but my other 4 would be BOA, Wells Fargo, Chase & Citi.

Sep 25, 2007 06:34 AM
Richard J. Allen
Guaranteed Rate - Santa Clarita, CA
Vice President of Mortgage Lending

You can't leave HSBC off the list.  Major bank still writing business.

I'm already getting a bunch of emails from lenders saying they are "still in business" and letting us brokers know what they will do.  I think the mortgage market (for new loans) will be back in business with in a month.

Sep 25, 2007 06:38 AM
Anonymous
Erik Bronson
Amtrust and US Bank will make it through.  Very conservative, but smartly ran as well.
Sep 25, 2007 07:12 AM
#6
R Fitz
CCL - Denver, CO

Any bank that is backed by FDIC or a lender that is owned by a bank that has FDIC.  You need to look at where the loans are being sold.  Investor market is in such low demand no many companies can make it who have to sell a majorty of there loans.  I would predict Country Wide to get taken over by B of A unless they can get FDIC and switch everything over to there bank channel.  I would also think someone like Taylor Bean who does a large FHA business will be around and make it though

Oct 07, 2007 04:58 PM
Brandon Hoffman
RE/MAX Connected - Irmo, SC
Bank of America, USAA, and PHH Mortgage
Oct 07, 2007 05:46 PM