What it’s like to be a mortgage originator today December 19, 2007
As a Correspondent Lender, it’s difficult for me to call myself a mortgage broker or a mortgage banker since I’m an odd mix of both. I’m sure my sister-in-law who happens to be the President of our company would prefer to say the “best of both worlds” and she could be right. This is not what [...]
So You Think You Might Need a Mortgage? August 1, 2007
The mortgage industry is facing historic times with the tightening of underwriting guidelines, programs disappearing and lenders not able to fund loans and/or closing shop. The subprime meltdown is spilling into the prime mortgage markets. Here is what you need to do if you’re considering buying a house and you’re not paying cash for your [...]
Joe Buyer and the Lending Treehouse of Horrors: Part 2 July 9, 2007
Last week, I began telling you the tale of Joe Buyer who found his low interest rate on the internet and was having second thoughts when the loan approval was appearing elusive. This story resumes in the second week of June…the week his purchase was scheduled to close.
The last time Joe and I had touched [...]
