As if common sense wasn’t needed in the mortgage industry, new federal regulations require mortgage lenders to verify that prospective borrowers can meet the repayment terms of their mortgage loans. Under the Dodd-Frank Act, the rules prohibit the “no-doc” loans common during the housing bubble. Before making a loan, lenders must document the borrower’s job […]
Why Is The 2nd Lender So Stupid?
September 17, 2010 by
I usually like to be objective when writting these blogs but if there is one thing that really gets to me is sheer stupidity on the part of many lenders who tend to be the 2nd and sometimes the 3rd lender. The following discusion involves short sale transactions and the unwillingness of 2nd lenders to […]
THE REAL ESTATE BUSINESS HAS LESS TO DO ABOUT SELLING PROPERTIES AND EVERYTHING TO DO ABOUT HELPING PEOPLE.
