Today is Friday, March 12th, 2010
During the subprime meltdown of 2007, many mortgage brokers and LOs defended their decision to sell subprime loans saying “The lenders were the ones that provided the loans. We were only selling what we were told to sell.” As wholesale lenders fell, the blame shifted to Wall Street. “It was Wall Street’s fault for creating [...]
19Oct2008 | mf | 20 comments | Continued
I agree with you about moving towards a more professional acceptance of the fiduciary responsibility - it will make more ...
The protection for the consumer from goverment is welcome, of couse, the time consumed would be a function of direct ... Well, it would sure help if they did these earlier; however, I don't think it would change a great deal ... Definitely, it will help consumer greatly and make sure those greedy LO or brokers to cheat innocent people. It also ... I argree with Kimberly on that. I like the changes, at least there is a law added to watch those unethical and unprofessional conducts and will ... It's good there are many options of loans, but the hardmoney loan just not practical for most of people. It sounds great program. I learned something and have more chances working for my friends who seeking a loan to ... The VA loan sound very reasonable; however, the incentive from bank not very attractive. They could do it since they have downpayment, and as long as they inverst a property under 400k, it would ...