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.
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