Subprime Mess Continues To Wreak Havoc on the Mortgage Market

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

cem — Wed, 05 Mar 2008 13:00:00 GMT

what are small brokers doing to stay inbusiness. Who are the lenders that are resonalbe to work with. what can i try to help my two and a half year old company sustain this rocky industry. what are fee structures for loans and commission plans available. should i go back to loan officer from owner????

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

anonymous — Thu, 30 Aug 2007 11:00:00 GMT

The finger is finally being pointed at the mortgage broker. Settlement agents could have told you this years ago. Most, not all, are only concerned about how much they will make on a loan, NOT what is best for the borrower. Many loan originators don't show up at closing - the borrower is already so mad and confused. Many times the interest rate, terms and payment were not what the borrower was told to expect. By this time the borrower feels trapped and over a barrel and but they sign anyway.

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

Diane — Thu, 30 Aug 2007 11:00:00 GMT

To anonymous: So most of the mortgage brokers don't care about their customers...& they are only in it for the money, and the settlement agents are nice and clean...do you read the papers? There is more fraud and competition for commissions amoungst the escrow agents in the state of Arizona than all of the mortgage brokers and bankers combined. Check your facts first. Mortgage brokers will take some of the blame, but most of us do care.

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

anonymous — Thu, 30 Aug 2007 11:00:00 GMT

To Diane - I am not in Arizona - Settlement/escrow agents here (M0) have the cheapest fees in the US. And yes I am saying Mortgage Brokers and the Lenders funding the loan should take the blame.

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

anonymous — Fri, 17 Aug 2007 11:00:00 GMT

More information about closing offices. Paul Financial LLC has closed the doors of two of their offices. Santa Rosa and Irvine. They only have the corporate office in San Rafael and they layed off alot of their staff there two. I heard the SVP's of the company are doing all of the grunt work of working loans now. Anybody else have anymore information on this particular company? Would love to hear it!!

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

Nikki — Wed, 15 Aug 2007 11:00:00 GMT

Suprime lenders still in business...Countrywide, WMC, Resmae, Accredited, Option One, Saxon, First Franklin, Wells Fargo... just to name a few.

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

appraiser — Sat, 04 Aug 2007 11:00:00 GMT

Values holding up here in OC and LA counties so far.

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

Lewis — Wed, 01 Aug 2007 11:00:00 GMT

Who are the sub prime lenders still in business I am a investor that has houses that we need to sell but no one seems to be doing 80%, 90%, 95% anymore if there are some companies then please post

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

Jesse — Mon, 30 Jul 2007 11:00:00 GMT

All in all, there will always be home owners...people selling homes and people buying homes, period. Its not an open market like it was, but we have seen this cycle before and we will see it again. those who are leaders and work hard will succeed, those who worry and dont stay focued will fail. Dog eat dog world people, it is what you make it.

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

Josh Miller — Sun, 29 Jul 2007 11:00:00 GMT

I am a mortgage broker in Arizona. Things have tightened up substantially in the last couple years but there are still quite a few sub prime lenders out there and from my view point things are still remaining fairly competitive as far as products are concerned. It will be interesting to see how everything unfolds. Either way, I think for how good the market was in years past you are going to see an equal but opposite reaction in the years to come. I think a rebound by 2009 is a little optimistic

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

Treavis — Fri, 27 Jul 2007 11:00:00 GMT

There are still many subprime lenders. The 2/28 arms are vanishing because that is what started all of this mess. Your credit is only effected if you are more than 30 days late. You can pay 28 days late and it will show up as perfect pay history on your credit report.

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

Lori Lesko — Thu, 26 Jul 2007 11:00:00 GMT

Where can I find a subprime lender? Have they all vanished?

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

Anonymous — Thu, 26 Jul 2007 11:00:00 GMT

This may sound like a dumb question,but is a loan considered delinquent after 30 days,or when you are obligated to add on the late charges after 15 or so days.

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

Avellino — Wed, 25 Jul 2007 11:00:00 GMT

This does not suprise me. The entire world financial system is a fraud run by criminals. The whole thing will collapse soon and the financial mafia will have no where to hide.

RE:Subprime Mess Continues To Wreak Havoc on the Mortgage Market

Knows better — Tue, 24 Jul 2007 11:00:00 GMT

All companies fail because of one thing, lack of leadership.