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brianconner

354 Posts

Posted - 08/20/2008 :  3:07:44 PM
Just got this email:

Effective Friday, August 22, 2008



Important Announcement to CitiMortgage Customers Regarding Expanded Lending Products



As CitiMortgage continues to refine our business to an originate for sale model, the Wholesale Lending organization has made the decision to eliminate outbound sales efforts on our Expanded Lending products and programs, effective August 22, 2008.



1) The last day to register Expanded Lending loans is Friday, August 22nd.



2) On Monday, August 23rd these products will no longer be available on the Broker Web site.



3) All Expanded Lending loans in the pipeline must fund on or before October 31, 2008.



Thank you for your business as we work through these historic industry times together.



Regards,


Fred Bolstad

Executive Vice President / Managing Director

CitiMortgage Wholesale Lending



This was the last place I knew of for sub 620 scores. Bummer!
Bob H

300 Posts

Posted - 08/20/2008 :  3:10:46 PM
Not a huge surprise but I'm glad as heck that it didn't happen sooner. I'm closing an expanded lending purchase tomorrow night. Whew!
brianconner

354 Posts

Posted - 08/20/2008 :  3:11:21 PM
Good timing!
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