Commercial Mortgage Lender Bailey
Commercial Mortgage LenderForum Replies Created
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The mortgage loan origination industry is BRUTAL. HIGH RATES, HIGH HOME PRICES, SKYROCKETING INFLATION, OUT OF CONTROL COSTS OF GOODS AND SERVICES mean severe competition as a mortgage loan originator. Many mortgage loan originators cannot take it and continue to leave the mortgage business in droves. More mortgage companies are closing their doors like never before.
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Mega Realtors doing over $2 Billion of annual revenue are not part of the settlement but need to pay the higher dues.
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Yes, @Lilboss that is true. Inflation is skyrocketing to 30 year highs, mortgage rates are surging and went up from 3.0% two years ago and now is 7.5%, home prices have gone up 50% or more in many parts of the country so many homebuyers are priced out of the housing market, grocery prices are double and triple of what they were, the media is lying, Big Mac meals are $18.00, the coronavirus outbreak is a sham and a mean of depopulation, Biden is lying, and old bag Janet Yellen is lying and kissing Joe Biden’s ass. Never before has the U.S. economy been so worse off than it is now. People are losing their jobs, many cannot afford their housing payments and utilities, $100,000 salary per year used to be high income but you can barely get by with a six figure income. Most Americans live paycheck to paycheck, credit card companies are lowering the credit limits of consumers. Bankruptcy and Foreclosure will skyrocket and maybe worse than the 2008 financial crisis.
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If a person, let’s call him John Doe, is the control person for a mortgage company that has recently filed for bankruptcy and is going out of business. John Doe, the control person will be in charge of maintaining and destroying the records of the company. In Utah, all mortgage loan related records must be maintained for a minimum of four years.
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Can James get us inventory from the banks his company represents and what states are foreclosure properties available if they are.
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Forgot to post the link to the article I read
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FACTED CHECKED. Joe Biden is not the greatest president. Actually, it is the very opposite. Polls reveal Joe Biden is worse than Jimmy Carter so it is rather of a unique accomplishment. It was an important task so therefore, I guess he does deserve a congratualtions.
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Which of the following definitions best describes a consumer and a customer, according to GLBA? A consumer is just shopping or checking your website; a customer fills out the application, gets approved, and you close the loan
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What are the basic lending requirements on non-QM loans besides the debt-to-income ratio. Here are the questions I have on non-QM loans on owner-occupant, second homes, and investment properties.
1. Loan to value
2. How many credit tradelines is required and do you take non-traditional credit tradelines.
3. Verification of rent required?
4. Recent late payment allowed?
5. What are the minimum and maximum loan amounts
6. Are credit disputes allowed?
