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Go Back   Hummer Forums by Elcova > ETC. Forums > General Off Topic

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  #1  
Old 08-03-2007, 08:01 PM
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Default 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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Old 08-03-2007, 08:03 PM
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Default 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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  #3  
Old 08-03-2007, 08:34 PM
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Default 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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Old 08-03-2007, 08:35 PM
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Default 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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Old 08-03-2007, 08:59 PM
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Default Re: Mortgage Times

I locked in 6.75% for 30 years 2 weeks ago, hope this was a good move.
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Old 08-03-2007, 09:29 PM
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Default 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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Old 08-03-2007, 09:36 PM
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Default 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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Old 08-03-2007, 09:47 PM
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Default Re: Mortgage Times

Mortgage Times at Ridgemont High is a classic.
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Last edited by CO Hummer : 08-03-2007 at 09:50 PM.
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