Posted by ME/NJ on 10/10/08 5:40pm
Msg #266943

The money months are dead

I use to look forward towards Sept-Dec, but last year started the decline but finished ok. 2008 is just rock bottom.

4 loans this month, would of been 6 if I was available for them. Only 1 loan for 15th funding date. 2 TCs had there reps do the closing and all I had to do was notarize 5-6 pages.. Paid on the spot and took 5 minutes of my time. Wish all deals were like that.

With the LIBOR rate up again looks like only Purchase and FHA loans are going to the table and they are far and few in this area.