Mortgage Underwriting Tough? Bernanke Refi Rejected!

By
Mortgage and Lending with Franklin Advantage Inc. NMLS Lic. # 343946

 

AR Forum

 

We've all known that Underwriting Guidelines have gotten shall we say, just a little more difficult in the last few years (Sarcasm).

 

Thumbs Down KeyBen S. Bernanke, the former Federal Reserve Chairman, speaking at a Conference yesterday told a Moody's Analytics, Inc. moderator that he himself was having problems refinancing his mortgage.  He further indicated that his attempt to refinance was "Unsuccessful".

 

Gee!  Can anyone of us, or some of our clients relate to this?

 

Bernanke went on further to say that " I think that the tightness of mortgage credit, lending is still probably excessive".

 

Well, welcome to Our World, Mr. Bernanke.  I believe that almost all of us would agree to that keen worded observation to say the least.

 

For a full read of the article featured on Bloomberg, please refer to the link posted below:

 

Bernanke Refinance Denied

 

Here is another Article Today on the Bernanke Refinance Issues from Mortgage News Daily:

 

This Link on Bernanke is Even More Funny

 

I'm not certain about you, but I definitely have no sympathy for Mr. Bernanke who is partially responsible for these tighter, and in some cases, insanely ridiculous loan guidelines.

 

Have a great weekend everyone.

 

Photo Courtesy of Stewart Miles/FreeDigitalPhotos.net

 

Posted by

 

Wayne L. Brown, NMLS # 343946
Licensed Mortgage Specialist
Franklin Advantage, Inc.
Direct: 858-997-6300
Email: Wayne@SanDiegoMtgPro.com
Website: 
www.SanDiegoMtgPro.com

Online Application:

https://www.blink.mortgage/app/signup/p/franklinadvantageincc/waynebrown

 

 

L/O CA DRE LIC. # 00906571

Corp. NMLS # 285786

CORP CA DRE LIC. # 01837286

 

Equal Housing Lender

 

About Wayne Brown

 

Wayne is a Licensed Mortgage Banker, and is based in San Diego.  With over 35 years in commercial and mortgage banking, he serves all of California and has closed more than 5,600 loans in his career.

 

He specializes in Conventional, FHA, VA, and Reverse Mortgages for residential lending purposes.  Both he and his company always strive to exceed each client's expectations through knowledgeable, ethical, and transparent representation to service their financial needs. 

 

Contact Wayne for a Free and Confidential mortgage analysis and pre-approval without obligation, or to simply get answers to your mortgage questions.  Wayne can be reached directly at 858-997-6300.

Equal Housing Lender                     

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