ok,
so everyone knows that the mortgage industry flat out stinks. If if not an appraisal coming in short, or an AVM is ran and they dont like your value. Rates have gone up (down) the tubes...
best thing to do....
Ask the pro.....
Give me a question, and you will recieve an honest answer, and educated answer, and answer that has "been there".
Corey.Mullin@gmail.com
"where your well-being, is my motivation"
skip to main |
skip to sidebar
SHOULD HAVE GONE TO THE DISCOUNT WINDOW
This is a daily Q and A (question and answer) site for anyone who wants to know more about the industry of residential mortgage loans. Also, to answer questions about the industry, programs, terminology, or whatever. Honestly, I am an educated mind that is tired of seeing clients of mortgage companies lied to, mis-directed, and wronged. I am not a governing body, but rather "that smart friend".
SHOULD HAVE GONE TO THE DISCOUNT WINDOW
Wall Street Journal (Market Data Center)
Southern California Owner
- Mortgage Pro
- San Diego, California, United States
- Hello, My name is Corey Mullin. I have been in the mortgage industry for numerous years now. Everyone knows that the rates have been crazy, programs chopped, and companies crumbling. My reason for this blog is to educate people, and answer questions that other people will not. I am open to all shorts of questions from the public to professionals. I truly believe that EVERYONE should be in the "know".
2 comments:
I can't wait to hear more news from you concerning the daily, if not hourly, changes that effect the mortgage industry! Hey, how many lenders have closed their doors? And what do you attribute to their demise?
Brian;
Thanks for the GREAT questions! I honestly think that those 2 questions truly will help people grasp the pure concept of filtration and purging of junk. Here are the answers to your questions...
1:) So far 130 companies have gone SPLAT! The latest FNBA. But honestly #129 was larger then that with the collapse of Greenpoint Mortgage by the raising of the white flag of Capital One. I guess they didn't know what was "in their wallets" huh?
2:) This is a question that can be answered in MANY different ways, BUT I have 2 answers for you.
A:) I believe that over extension of future assets and future "gains" is the biggest downfall that a company can do. The rule of thumb, plan for the worst, receives the best, and save the difference."
B:)my second summary: the 6 "p"'s of life;
Prior Planning Prevents Pi$$ Poor Performance
Thanks.
Post a Comment