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The fact that they don't shows us their priorities & values
Posted by  JanetK_CA of CA on 10/12/18 7:50pm Msg #599358
I assume that what they care about isn't so much whether or not a person can make the payments as much as whether or not they can get their investment back by foreclosing on the property if the borrower can't, and then selling it for more than is owed to them. That's what it looks like, at least. That's kind of surprising considering how many homes foreclosed on after the mortgage meltdown were 'short to close' when the lenders unloaded them. The truth is probably that they're looking at all of the above when in underwriting. But hey, what do I know...?
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Messages in this Thread
 Fresh Blow to Housing Market - Yoli/CA on 10/11/18 1:43pm
 Re: Fresh Blow to Housing Market -  Cheryl Elliott on 10/11/18 2:59pm
 The rates may not be at the historic lows we've seen in -  MW/VA on 10/11/18 5:08pm
 Re: Fresh Blow to Housing Market - MikeC/TX on 10/11/18 5:42pm
 Re: Fresh Blow to Housing Market - Signerbill on 10/11/18 7:42pm
 I completely agree with Mike. These rates are still -  MW/VA on 10/12/18 5:37pm
 Re: Fresh Blow to Housing Market -  JanetK_CA on 10/11/18 9:43pm
 Re: Fresh Blow to Housing Market - SteveS/CA on 10/12/18 9:50am
 The banks qualify on debt to income ratio. They may view -  MW/VA on 10/12/18 5:36pm
 Re: The banks qualify on debt to income ratio. They may view - SteveS/CA on 10/12/18 6:52pm
 The fact that they don't shows us their priorities & values -  JanetK_CA on 10/12/18 7:50pm
 Re: The fact that they don - Bear900/CA on 10/13/18 1:18am
 Re: The fact that they don - NVLSlady/VA on 10/15/18 11:10am
 Re: The fact that they don - Bear900/CA on 10/15/18 1:48pm



 
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