Loans Not Funded

I got a question about "what does it mean if my loan is not funded after right of rescission? ... insurance. Every once in a while, a good loan officer will get a subordination moved to prior to funding ... back with a score that no longer qualifies under that program. These are not the loan officer's [more...]

Date: 2008-12-26 14:57:46

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Wells’ wholesale throws in the towel and stops offering nonconforming; Who is investing in MBS’s besides the Fed?

Does it matter who else is buying securities backed by mortgages? ... to earn additional interest rate spread. In its most recent quarterly Senior Loan Officer Opinion [more...]

Date: 2009-01-06 15:03:21

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