Click the post title above to watch today’s video! Catch all your real estate news and mortgage news with Frank Garay and Brian Stevens here at www.TBWSDailyShow.com!
Hi Brian & Frank,
I really enjoy our show. Gives me a boost every morning. Question: All we hear about is the fore closers from Fannie, Freddie and HUD. But the the sub-prime industry is what brought down the market. (Thanks to Wall Street making the rules, Not the brokers)Where are all those loans being serviced? Did they wind up at the GSE’s? How come we never hear of their statistics? Please let me know. I am an A/E for a regional lender who has had to start over twice because of the New Century BK. I was on the prime side. And BB&T pulling out of wholesale.
It would not be very hard to hit the 1.5%. I believe this is why Chase decided that 2.5% will alll that is paid. With Jamie Dimon the Fed board it is obvious who is controlling this as well. Banks and lenders do not figure the APR the same way! We have to use borrower credits and everything possible. When I told Chase that 2.5% was not a fair thing to do if a buyer was willing to pay and many of our services invole helping buyers get their scores up THEY INVOKED A SELF TERMINATION RULE>Between this and taxing anyone making over 150k harder (too say nothing of 250k) another four yrs . with the present administration will destroy this industry and any chance of a recovery. Repeal the frank dodd and retire the bunch of them..
It’s not too difficult to get to 4.75% on a FNMA homepath which doesn’t require an appraisal. Most properties I see that qualify for this program would not get financed if an appraisal was obtained. I wonder what we’d do then.
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This captcha thing is a ROYAL pain in the patootie. I don’t know about anyone else, but being able to read the letters in these words is really REALLY difficult as they are all jumbled up and mish-mashed together. FRANK…BRIAN….. you are smart individuals…isn’t here a better way to leave a response than to have to fight with a word, the spelling of which makes no sense?
And the TBWS show enters syndication!
Wondering why I’m not getting my nightly email from you guys anymore? All of a sudden i’m not receiving the show…I double opted in again yesterday to see if that was the problem and still nothing. Am i missing something?
Good show. I think I liked it better the first time.
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