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aaron1s
15 Posts |
 Posted - 01/19/2007 : 11:43:36 AM
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| One of my reps just told me Equibanc will close in the next 30 days, Anyone know anything else? |
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bayfieldkid
2287 Posts |
Posted - 01/19/2007 : 11:46:55 AM
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| www.lenderimplode.com will you keep on top of the collapse of the lenders |
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aaron1s
15 Posts |
Posted - 01/19/2007 : 11:59:04 AM
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| Thanks Bayfield kid |
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number22
603 Posts |
Posted - 01/19/2007 : 12:29:17 PM
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| Intersting website barfieldkid, Seems the sub prime market is going through changes!!!!!! |
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bayfieldkid
2287 Posts |
Posted - 01/19/2007 : 12:59:04 PM
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| From the rumblings I have been reading on several web sites, one of the top three/five is next to implode...... |
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moneyluck
3781 Posts |
Posted - 01/19/2007 : 1:11:39 PM
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thanks!
I'll send the "know-it-all" customers who I prequaled last may, wondering why the same program I had then is no longer available . . .lol. |
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bayfieldkid
2287 Posts |
Posted - 01/19/2007 : 1:14:35 PM
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That's a good idea!!!!
Between the "know-it-all's" and their "uncles" show them that site and maybe that'll shut 'em up.... |
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number22
603 Posts |
Posted - 01/19/2007 : 2:25:23 PM
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The sub prime customers are just going to have to accept what they get.
Why can't I get a fixed rate, or why can't I get a 6% rate, why can't I get 100% LTV.
I just spoke with my Fremont rep and he advised me that as of Tuesday 1/23/2007 they are going to increase rates up to a .250 on most programs. that means there are more changes to come.
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mknight
1493 Posts |
Posted - 01/19/2007 : 2:51:27 PM
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| Just to clarify, it looks like it will only be a few fico tiers on our AA credit that will have rate increases. Not across the board or all programs. |
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number22
603 Posts |
Posted - 01/19/2007 : 3:08:44 PM
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| Thanks for the update. That's good news!!!!!!!!!!!!!! |
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brokeLO
712 Posts |
Posted - 01/19/2007 : 3:33:58 PM
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| number 22 it looks like your AE was trying the old prices are going up tommorrow you better submit today trick. |
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ShaunG
417 Posts |
Posted - 01/19/2007 : 4:50:40 PM
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| d1 is shutting down 7 of 17 offices i heard as well. |
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number22
603 Posts |
Posted - 01/19/2007 : 7:28:54 PM
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| It looks like the weak are falling!!!!! |
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aaron1s
15 Posts |
Posted - 01/22/2007 : 11:33:39 AM
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| I guess for the time being I will only be sending files to my tried and true AE's, and not bother testing some unfamiliar lender. |
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oc.lender
1743 Posts |
Posted - 01/22/2007 : 11:40:16 AM
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http://www.equibanc.com/
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mknight
1493 Posts |
Posted - 01/22/2007 : 3:54:09 PM
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| Were there any Equibanc reps on here? |
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SubprimeAlta
130 Posts |
Posted - 01/22/2007 : 4:27:57 PM
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This is great news since I am hiring Account Executives with gigantic commissions. LO's!!! Check out SubprimeAlta.com and if you like it, tell your reps to quit the old and dying for the new and ..flying (i tried). I have an entire office to fill.
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mknight
1493 Posts |
Posted - 01/22/2007 : 4:41:44 PM
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quote:
Originally posted by mknight
Just to clarify, it looks like it will only be a few fico tiers on our AA credit that will have rate increases. Not across the board or all programs.
My mistake. Rates are going up for other credit grades besides the AA. Sorry for any confusion. |
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number22
603 Posts |
Posted - 01/22/2007 : 6:15:03 PM
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| Yea, I fold out today when I went to price some pre-quals!!!!!! |
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