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 Search for: Is Subprime completely GONE???.
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fletchb

122 Posts

Posted - 05/19/2008 :  2:41:18 PM
If not, which company is still alive and closing those loans?
KHufford

5998 Posts

Posted - 05/19/2008 :  2:42:47 PM
Wilmington
fund-n

320 Posts

Posted - 05/19/2008 :  3:28:57 PM
Accredited, CITI and..... nope, thats it.
gsgroupinc

2035 Posts

Posted - 05/19/2008 :  3:42:05 PM
try closing one
AGreene00

2820 Posts

Posted - 05/19/2008 :  3:48:28 PM
Wilmington might technically have subprime but they will turn down 95% of the loans and cherry pick the ones they will fund.
Rene Viloria

1828 Posts

Posted - 05/19/2008 :  4:44:53 PM
Accredited, Charter bank(deep subprime-kind of hard equity)
cspatmon

2148 Posts

Posted - 05/19/2008 :  6:19:46 PM
Preferred Capital.
KHufford

5998 Posts

Posted - 05/19/2008 :  6:21:19 PM
It really dpends on your defenition of "Subprime"

Subprime as you may have know it is most definetly gone. "Subprime" is the new "Alt A"
Rene Viloria

1828 Posts

Posted - 05/21/2008 :  6:21:06 PM
what about deep subprime/hard equity who is left??///Kind of like charter bank???
nickwest

66 Posts

Posted - 05/22/2008 :  01:15:53 AM
my dad is an AE for wilmington and he is leaving them soon, he has turned down almost everything, they are way to tight, they are rolling out fha soon but even that is not really good fha.
shawnohurley

31 Posts

Posted - 05/29/2008 :  5:13:46 PM
Call Accredited Home Lenders for subprime:

525 minimum FICO, 500 by exception

Personal bank statements to 85%, business bank statements to 75%.

up to 1 X 90 mtg lates, rolling 30's OK

will often do exceptions when you have a FHA or conventional turndown!

Rene Viloria

1828 Posts

Posted - 06/27/2008 :  2:32:33 PM
Its citi the only one left and magna????????
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