|How dare you! Just kidding.|
Good point, however in my experience the only loans I have seen from brokers are way above average interest rates. Typically 2-4% higher - that's a huge difference. I've been seeing 2 yr LIBOR ARMS at 7.5% - that's crazy! Of course who knows what the borrower's credit score was like. Most brokers that I know deal in B&C paper and banks have a plethora of programs now. I come from a 13 year banking background, so of course I'm going to root for the banks!