Posted by marlindog on 3/6/07 6:25pm
Msg #178621

the subprime dilema

Every is saying there will be a lot less work due to this.The fact is that i have never seen a loan with a credit score under what is now required in all the time ive been signing.What will happen is that there will be less loans that (dont close) after all the work is put in,less loans not funding after signing and less waste of time!

Reply by Katrina Arnaud on 3/6/07 6:27pm
Msg #178622

Maybe, but is your telephone ringing today? n/m

Reply by marlindog on 3/6/07 6:33pm
Msg #178624

three today,it hasnt been busy so i dont feel a decline n/m

Reply by TRG_wy on 3/6/07 6:45pm
Msg #178630

Subprimes have never been my bread and butter. Maybe one or two a year in fact.
Too much hype and panic. It depends largely on population density and available housing. I just don't see the bubble bursting and doom and gloom coming. There is a huge housing shortage up here and the buyers are waiting to pounce.

Oh yea, my phone never rings off the hook this early in the month. But I am busy everyday this week.

Reply by marlindog on 3/6/07 6:58pm
Msg #178632

I go to the best and worst areas in dade county and south florida and the people I sign all have decent credit. the ones that will loose the most is the appraisors they wont go and make the the moey on the deel that isnt going to happen

Reply by Charles_Ca on 3/6/07 7:11pm
Msg #178635

Appraisers never lose money, they get paid up front! n/m

Reply by marlindog on 3/7/07 8:42am
Msg #178718

Yes but they made $$$ on sub loans most of wich never funded n/m