Posted by pat/WA on 11/5/10 9:55am
Msg #359793

Chase

We are doing mostly Chase closings.

Reply by Jim/AL on 11/5/10 12:05pm
Msg #359816

Very true Pat...I have seen more purchases lately around here also.

Reply by SheilaSJCA on 11/5/10 12:30pm
Msg #359824

who said anything about purchases? n/m

Reply by Jim/AL on 11/5/10 1:03pm
Msg #359831

I did Sheila, did u notice the "also" Chase and also purch! n/m

Reply by NJW/FL on 11/5/10 1:08pm
Msg #359833

I have been very busy with the Chase signings also. Borrowers have all told me that Chase is contacting them to re-finance. Most of them were not even thinking of doing so.

Reply by LynnNC on 11/5/10 3:42pm
Msg #359846

Chase has so much business, they are sending some borrowers to Quicken Loans.

Reply by JimAZ on 11/5/10 6:11pm
Msg #359876

Chase has been bugging me to refinance for the past 3 years. High origination and settlement fees with low monthly payment savings. About a 4 year pay back and thats with my high credit score. Finally Chase sold my loan to someone I've never heard of. I am currently re-financing with a local bank with a projected payback of 14 months.

Keep the re-fi's coming, but sometimes I wonder. I did a signing last night with (not Chase) over $11,000 in closing costs (ARM) with a monthly payment reduction of $143.00. Believe me, I looked at the HUD at least 10 times before the signing. I kept my mouth shut as I should, but are the banks and mortgage companies doing the same thing they did a couple of years ago? I hope not!!!!!