Mortgage Times

[Adam in CO]

Originally Posted by mikejr

So who or how will the hole in the market that the b/c market shakedown be filled? As you know, there is a huge pool of people needing loans that cannot get them now. What are your thoughts?

Personally, being that I specialize in selling REO properties for well over 30 different lenders/servicers/PMI companies, I kinda like the loose lending policies of the past. Means higher default rates which means more REO's for me to sell.

Thoughts? Good news for our clients that on investment properties. Metro area rents have jumped from 70-80c/sq ft in the last few months. The people who can't get loans, will rent.