Posts tagged as:

loan

Bond Investors to Sue the United States Government?

by Moe Bedard

By Moe Bedard
Wall Street War Brewing Against the Obama Plan, I argued that bond investors were going to start taking the job of protecting their assets seriously even though doing so makes no sense for Main Street. Today’s Financial Times ran an article indicating that these bond investors are so serious that they’re beginning to [...]

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Mortgage brokers are still committing fraud & submitting bad loans = Business as usual

by Moe Bedard

By Poppy (30 year mortgage industry veteran/senior underwriter) 

It has been a long, difficult and contentious day….between the Brokers, AE’s and Processors, none of whom appear to know that there are two “g’s” let alone a “t” in mortgage.  It leaves one not sure whether to be so angry as to find them all and pound some [...]

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Here’s the deal, I get real cranky having to decline over 60% of what I am looking at, real cranky.

by Moe Bedard

By Poppy (30 year mortgage underwriting veteran) 

Well, I am back to underwriting again – and I have to say – WTF, you have not stopped with the Mis-Rep and Crap that you are submitting. Damn, you are more creative than ever folks. Here’s the deal, I get real cranky having to decline over 60% of [...]

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