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#1
08-03-2007, 08:01 PM
Hummer Authority
Join Date: Jul 2005
Location: FLORIDA
Posts: 1,055
Re: Mortgage Times
This has not been my favorite week of being a mortgage broker. ABConduit was one of my fav lenders so guess where most of my pipeline was?
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\'05 Black LUX SUV,air, nav,roof
20in Kaotik NT-1s with 35x13.50Pro Comp Xtreme All terrain
#2
08-03-2007, 08:03 PM
Hummer Authority
Join Date: Jul 2005
Location: FLORIDA
Posts: 1,055
Re: Mortgage Times
How long till stated is history??? Bad news is my entire pipeline this month is jumbo, good news is i still have my hand in the conforming pot and rates are looking sweet!
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\'05 Black LUX SUV,air, nav,roof
20in Kaotik NT-1s with 35x13.50Pro Comp Xtreme All terrain
#3
08-03-2007, 08:34 PM
Hummer Guru
Join Date: Dec 2002
Location: Anywhere you're not!
Posts: 5,006
Re: Mortgage Times
I sent ABC at least 10M/year, too.
The best part is that they sold all the files in their pipeline as leads to other mortgage brokers.
I got calls from every one of my clients that ABC had asking about some random call from another broker.
Pissed me off.
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#4
08-03-2007, 08:35 PM
Hummer Guru
Join Date: Dec 2002
Location: Anywhere you're not!
Posts: 5,006
Re: Mortgage Times
Quote:
Originally Posted by Boss Hoss
How long till stated is history??? Bad news is my entire pipeline this month is jumbo, good news is i still have my hand in the conforming pot and rates are looking sweet!
Stated = Hard money now, Boss.
All I can say is LOCK, LOCK, LOCK. That loan may not be there tomorrow.
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#5
08-03-2007, 08:59 PM
Hummer Veteran
Join Date: May 2006
Location: Alabama
Posts: 139
Re: Mortgage Times
I locked in 6.75% for 30 years 2 weeks ago, hope this was a good move.
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Interleukin
2006 H3, Boulder Grey, Adventure, 33 in. tires, Auto, Sunroof, Tow, Monsoon
The SAINTS are coming!!!
Geaux LSU!!!
#6
08-03-2007, 09:29 PM
Hummer Guru
Join Date: Dec 2002
Location: Anywhere you're not!
Posts: 5,006
Re: Mortgage Times
Quote:
Originally Posted by Interleukin
I locked in 6.75% for 30 years 2 weeks ago, hope this was a good move.
Probably not. Rates edged down quite a bit this week.
I could be wrong. If you have a 400 credit score and you filed for bankruptcy in 2007 and you have no job and your bank account is overdrawn, and your Hummer payment is 1400/mo, etc. then it is a REALLY good rate.
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#7
08-03-2007, 09:36 PM
Hummer Messiah
Join Date: Apr 2003
Location: Virginia Beach
Posts: 37,474
Re: Mortgage Times
You should really contact the site's owner for information about advertising on this forum. Do you need the link?
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"My reading of history convinces me that most bad government results from too much government."---Thomas Jefferson
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