 |
|
08-03-2007, 09:49 PM
|
 |
Hummer Messiah
|
|
Join Date: Apr 2003
Location: Virginia Beach
Posts: 37,474
|
|
Re: Mortgage Times
Quote:
|
Originally Posted by CO Hummer
Mortgage Times and Ridgemont High is a classic.
|
Say again, Mr. Hand.
__________________
"My reading of history convinces me that most bad government results from too much government."---Thomas Jefferson
|
08-03-2007, 09:58 PM
|
 |
Hummer Guru
|
|
Join Date: Dec 2002
Location: Anywhere you're not!
Posts: 5,006
|
|
Re: Mortgage Times
Wouldn't mind letting Beals process loans for me.
|
08-03-2007, 10:53 PM
|
 |
Hummer Authority
|
|
Join Date: Jul 2005
Location: FLORIDA
Posts: 1,055
|
|
Re: Mortgage Times
My files were transitioned mostly to CW and locked two days ago. I knew what conforming would be safe but non conforming was for a hit. Crazy that the bonds havd had a nice ride the past couple days but the rates went up so drascticly. Not only do we have to lock but we have to close close close before the product disappears.
__________________
\'05 Black LUX SUV,air, nav,roof
20in Kaotik NT-1s with 35x13.50Pro Comp Xtreme All terrain
|
08-03-2007, 10:58 PM
|
 |
Hummer Veteran
|
|
Join Date: May 2006
Location: Alabama
Posts: 139
|
|
Re: Mortgage Times
The 6.75% didn't drop at least 0.25% prior to my closing on 7/23 so I was stuck with it.
Probably got bent over, but it's done now.
__________________
Interleukin
2006 H3, Boulder Grey, Adventure, 33 in. tires, Auto, Sunroof, Tow, Monsoon
The SAINTS are coming!!!
Geaux LSU!!!
|
08-04-2007, 03:40 AM
|
|
Hummer Authority
|
|
Join Date: Jul 2005
Location: FLORIDA
Posts: 1,055
|
|
Re: Mortgage Times
IM not sure that you can ever say you got bent over with 6.75%....we brokers just seemed to be programmed to say i couldve done better for you. Adam is right, rates did drop but historicly you 6.75 is smokin.
__________________
\'05 Black LUX SUV,air, nav,roof
20in Kaotik NT-1s with 35x13.50Pro Comp Xtreme All terrain
|
08-04-2007, 01:52 PM
|
 |
Hummer Authority
|
|
Join Date: May 2006
Location: South Western PA
Posts: 1,433
|
|
Re: Mortgage Times
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.
__________________
2009 H2 Silver Ice LE
2008 H2 Lux Series, Slate Blue, everything but the air suspension - sold
2006 H2 Lux Series, Uplevel Chrome, DVD's, Slate Blue, Sun Roof - sold
"If Life Gives You Limes, Make Margaritas" - Jimmy Buffett
|
08-04-2007, 02:41 PM
|
|
Hummer Guru
|
|
Join Date: Dec 2002
Location: Anywhere you're not!
Posts: 5,006
|
|
Re: Mortgage Times
Quote:
|
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. |
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
 Hybrid Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT +1. The time now is 12:24 PM.
|
