[HLS]

From the lending standpoint, loans of $417K or less are not difficult to get, and even larger amounts are still available.
America is not going away. Lenders of money are not going to disappear.

Rates are not going insane for those who QUALIFY.
The media will blow this out of proportion, I am sure.

We are just talking about MONEY & wealth. It’s not a terminal disease. Some people will be ruined.

Many people ARE freaking out. They don’t know what to do.
I have refi loans to submit this week, maybe they will fund, maybe they won’t. I’m not stressed. I’ve been through volatile markets before.

I’m off for a couple days in Mexico this week for some R&R and lobster & beer. The world isn’t coming to an end.

It will give some mortgage scumbags a reason to screw people by telling them it’s the best rate they can get.

Desperate times call for desperate measures. A LO that needs money desperately will try and screw people to max out their take on a loan.

Everything to a lender is risk/reward. GSE’s are still backing loans of under $417K

The more you have to put down, the higher your credit score, the easier it will be to get a loan.

There IS money available for loans. There are millions of people who will have no problem, other than reduced net worth.

There will be a period of correction. I don’t see rates exploding as housing prices fall.

(Even IF what you say was to happen, I would rather have someone pay 10% on $300,000 purchase than 6% on $500,000 one.
Either way it’s $30K a year interest, but $300K cost gives you better options. Rates will drop, but your cost won’t change)

Always remember, tough times don’t last, but tough people do.

[HLS]

We are in new territory today. A continent has been discovered that nobody wants to admit could exist.

There has to be panic on the street.

There might be fortunes made by a few, but I think that more will be lost than people thought possible.

When it comes out how few actual people were involved in the trading of these trillions of dollars, I think that people will be amazed, and it will affect 10’s of millions.

The govt in wisdom will form a committee to investigate how this could happen. In about 5 years, and at billion dollar cost, they won’t have a good answer, other than GREED.

There will be LOADS of speculation and players in and out.

[HLS]

We are in new territory today. A continent has been discovered that nobody wants to admit could exist.

There has to be panic on the street.

There might be fortunes made by a few, but I think that more will be lost than people thought possible.

When it comes out how few actual people were involved in the trading of these trillions of dollars, I think that people will be amazed, and it will affect 10’s of millions.

The govt in wisdom will form a committee to investigate how this could happen. In about 5 years, and at billion dollar cost, they won’t have a good answer, other than GREED.

There will be LOADS of speculation and players in and out.

[HLS]

We are in new territory today. A continent has been discovered that nobody wants to admit could exist.

There has to be panic on the street.

There might be fortunes made by a few, but I think that more will be lost than people thought possible.

When it comes out how few actual people were involved in the trading of these trillions of dollars, I think that people will be amazed, and it will affect 10’s of millions.

The govt in wisdom will form a committee to investigate how this could happen. In about 5 years, and at billion dollar cost, they won’t have a good answer, other than GREED.

There will be LOADS of speculation and players in and out.

[HLS]

Monday Aug 6th..
More bad news on lending front. Another lender bites the dust, and they had NOTHING to do with subprime borrowers.

Loans that were available Friday, may not be available today.
The meltdown continues.

[HLS]

Monday Aug 6th..
More bad news on lending front. Another lender bites the dust, and they had NOTHING to do with subprime borrowers.

Loans that were available Friday, may not be available today.
The meltdown continues.

[HLS]

Monday Aug 6th..
More bad news on lending front. Another lender bites the dust, and they had NOTHING to do with subprime borrowers.

Loans that were available Friday, may not be available today.
The meltdown continues.

[HLS]

5/1 at 6.50% pays them a decent commission on the back end today.

The real PAR rate for a 5/1 today is between 5.75% and 6%, you just need to qualify.

Those cold callers must catch a fish now and then, or they wouldn’t continue….

You’d be amazed at what still goes on in the industry.

[HLS]

5/1 at 6.50% pays them a decent commission on the back end today.

The real PAR rate for a 5/1 today is between 5.75% and 6%, you just need to qualify.

Those cold callers must catch a fish now and then, or they wouldn’t continue….

You’d be amazed at what still goes on in the industry.

[HLS]

5/1 at 6.50% pays them a decent commission on the back end today.

The real PAR rate for a 5/1 today is between 5.75% and 6%, you just need to qualify.

Those cold callers must catch a fish now and then, or they wouldn’t continue….

You’d be amazed at what still goes on in the industry.

[HLS]

Actually this NR review makes MMA look good 🙁
NR doesn’t sound anything like MMA…

http://einzige.blogspot.com/search/label/Nouveau%20Riche

Not flattering.

[HLS]

Actually this NR review makes MMA look good 🙁
NR doesn’t sound anything like MMA…

http://einzige.blogspot.com/search/label/Nouveau%20Riche

Not flattering.

[HLS]

Actually this NR review makes MMA look good 🙁
NR doesn’t sound anything like MMA…

http://einzige.blogspot.com/search/label/Nouveau%20Riche

Not flattering.

[HLS]

SDR, That sounds like a conforming rate, not jumbo.. ??

FromNJ, when you are quoted fees does it include ALL
1) Title & Escrow,
2)Lender Underwriting
3) Broker fees

There’s just so much misleading info, and some details often get left out. Even if you get a GFE, it doesn’t have to be accurate, but there is NO REASON that the above 3 charges can’t be almost exact up front.

It raises the hair on my neck when builders REALLY discourages you from getting your own financing.

If they agree to sell to you for $XX, why do they care where you get it from ? ….Because they may be able to influence the appraiser. It’s not in their best interest to save you money on Title & Escrow fees, but they can have a bit of control over the closing date. You can really play the builder hard sometimes, but you do need to be willing to walk. I know that emotions get involved, like buying a car that is just the right color.

Try to negotiate for your upgrades, and constantly bounce back and forth between their financing and outside financing, and continue to ask WHY there is a difference.

Realize that if you don’t have a realtor representing you from the first day that you walked in there, they are probably saving 3% in broker co-op. They aren’t going to give it to you, but it should give you a bit more leverage for upgrades or SOMETHING.

Please let me know if you want another quote.
[email protected]

[HLS]

SDR, That sounds like a conforming rate, not jumbo.. ??

FromNJ, when you are quoted fees does it include ALL
1) Title & Escrow,
2)Lender Underwriting
3) Broker fees

There’s just so much misleading info, and some details often get left out. Even if you get a GFE, it doesn’t have to be accurate, but there is NO REASON that the above 3 charges can’t be almost exact up front.

It raises the hair on my neck when builders REALLY discourages you from getting your own financing.

If they agree to sell to you for $XX, why do they care where you get it from ? ….Because they may be able to influence the appraiser. It’s not in their best interest to save you money on Title & Escrow fees, but they can have a bit of control over the closing date. You can really play the builder hard sometimes, but you do need to be willing to walk. I know that emotions get involved, like buying a car that is just the right color.

Try to negotiate for your upgrades, and constantly bounce back and forth between their financing and outside financing, and continue to ask WHY there is a difference.

Realize that if you don’t have a realtor representing you from the first day that you walked in there, they are probably saving 3% in broker co-op. They aren’t going to give it to you, but it should give you a bit more leverage for upgrades or SOMETHING.

Please let me know if you want another quote.
[email protected]

[Author]

Posts