FHA Getting Looser with Manual Underwrites

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FHA Getting Looser with Manual Underwrites




4 thoughts on “FHA Getting Looser with Manual Underwrites”

  1. John S says:

    Boy, I would love to see the result of a Federal Reserve Fair Lending Audit on you guys. Since I have found the tougher loans are usually lower income and/or minorities, you are basically preaching to discriminate against those demographics.

  2. Neil Clifton says:

    It would be nice to be able to remove FHA mortgage insurance. Otherwise the rate is .85 or more for life. The low rate in the 3’s means nothing. Trump should work on THAT.

  3. Chad Rankin says:

    If everyone listened to you and did as you preach, then everyone would ultimately be redlining. Is that OK? By the way, you clearly don’t understand the rest of America. I have some of the best buyers and the lowest default rate in the industry but they were never taught how to build or manage credit or the importance of it but they work their ass off. Immigrants, relocated Puerto Ricans, etc. You really need to get educated on America

  4. Chad Rankin says:

    By the way, at least half my business is 700+ FICO buyers – but I help everyone that is willing to help themselves. But I never fight for someone who is not willing to listen to what I say and fight for their future. I don’t hold onto crap. Many people should not own a home. If they have a 620 FICO but they have been continually late on stuff for the last seven years here and there with a spattering of collections or charge-offs and haven’t changed their ways, I don’t bend over backwards for those folks. I am very far from desperate. And I am known as the guy that will give everyone a chance and taking application from everyone but I am absolutely not known as the guy to send your crap to, and I’ve made that distinction clear, I’ll take your everything. Inwill always help out those who genuinely desire help.

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