Making room for the return of Subprime

By
Mortgage and Lending with Cherry Creek Mortgage

 

 We have seen the crazy changes in our industry in the past few years... Huge refi boom followed by a race to the bottom with subprime lending both for brokers and banks... Now with conforming guidelines continuing to tighten... the gap for subprime lending has grown again... the plenty of opportunity for very good subprime loans to be written again... I think this one of the signs of bright light in our industry... before everything got turn upside in the subprime world there was a lot of money to be made as a subprime company... let watch and see what happens... money talks and time will tell... best of luck to all in 2008, it is going to be a great year!!!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
59,047
George Thoma
Island Lending Hawaii, LLC | Equal Housing Lender - Wailea-Makena, HI
Branch Manager / Broker
Yes we are in a big mess , Even A+ Lenders like Thornburg and City are falling behind.
Mar 13, 2008 09:24 PM #1
Rainmaker
89,425
Rick Kellow
Cherry Creek Mortgage - West Bend, WI
FHA & Reverse Mortgage Expert

Georg

You are correct CITI is out 15 days on underwriting... yikes

Mar 13, 2008 09:28 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
89,425

Rick Kellow

FHA & Reverse Mortgage Expert
Ask me a question
*
*
*
*
Spam prevention