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Agent_Mike
375 Posts |
 Posted - 07/09/2008 : 5:18:56 PM
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As we all know, Indymac closed down wholesale & retail. Correct me if I'm wrong, but from what I understand, Indymac now wants 1% of the loan amount up front in cashier's check just to close existing locked loans!
For those on wholesale side - we can flip to other banks. But imagine all the purchase clients that went to Indymac Retail for their loans. Holy crap are they screwed! If they're in contract already, now they gotta front additional 1% jut to draw docs in cashier's check. If they're just starting, now they gotta start all over.
Any way we can pick up these Retail indymac fallouts for purchase loans? That is .. short of waiting outside their retail locations? |
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mantixmortgage
2717 Posts |
Posted - 07/09/2008 : 5:20:06 PM
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all you have to do is call dibs on it. i already have dibs on 50% of the wholesale fallout
actually 60% of the profits though. for real. |
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Agent_Mike
375 Posts |
Posted - 07/09/2008 : 5:21:41 PM
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| Well I don't want wholesale. I want the retail customers ... Indymac wanted to raise capital. Why don't they sell their retail customer infos?? Lol! |
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liverichly
3936 Posts |
Posted - 07/09/2008 : 5:22:56 PM
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| I kind of doubt they are sticking their retail clients with that 1% fee... |
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SolarMTG
393 Posts |
Posted - 07/09/2008 : 5:23:03 PM
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quote:
Originally posted by Agent_Mike
Well I don't want wholesale. I want the retail customers ... Indymac wanted to raise capital. Why don't they sell their retail customer infos?? Lol!
privacy act and glb |
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Agent_Mike
375 Posts |
Posted - 07/09/2008 : 5:29:04 PM
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quote:
Originally posted by liverichly
I kind of doubt they are sticking their retail clients with that 1% fee...
One can only hope ... |
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Captain Mortgage
1745 Posts |
Posted - 07/09/2008 : 5:41:57 PM
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quote:
Originally posted by Agent_Mike
As we all know, Indymac closed down wholesale & retail. Correct me if I'm wrong, but from what I understand, Indymac now wants 1% of the loan amount up front in cashier's check just to close existing locked loans!
For those on wholesale side - we can flip to other banks. But imagine all the purchase clients that went to Indymac Retail for their loans. Holy crap are they screwed! If they're in contract already, now they gotta front additional 1% jut to draw docs in cashier's check. If they're just starting, now they gotta start all over.
Any way we can pick up these Retail indymac fallouts for purchase loans? That is .. short of waiting outside their retail locations?
I spoke to an Indy REO agent. (must have indy approval prior to submitting offer!!!!) He said that everything on their retail end has transferred over to Prospect Mortgage. And also that now would be a great time to invest in some indymac stock!!! |
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Agent_Mike
375 Posts |
Posted - 07/09/2008 : 5:56:53 PM
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quote:
Originally posted by Captain Mortgage And also that now would be a great time to invest in some indymac stock!!!
lol! isn't that what they all say? |
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MisterVA
6630 Posts |
Posted - 07/09/2008 : 6:00:57 PM
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quote:
Originally posted by Agent_Mike
quote:
Originally posted by Captain Mortgage And also that now would be a great time to invest in some indymac stock!!!
lol! isn't that what they all say?
I guess if you like unusual wallpaper.... |
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