Posts from — June 2007
Violation of The Privacy Act; Trigger Leads
Applying for a mortgage? Be prepared for your phone to ring off the hook with unscrupulous lenders calling offering their services. How did they get the information when you did not give it to them? From the credit bureaus. Equifax, Transunion and Experian all sell your personal information to lenders and lead providers. [Read more →]
June 25, 2007 No Comments
Ken Harney; Missing The Point
I am a regular reader of Ken Harney’s articles in the Washington Post. Sundays article “Buyers often clueless on their loans” just caught my eye and I continued to read through. At the end I just thought how off base the article was.
Come on Ken, give us credit. First off don’t you think ADJUSTABLE RATE is about a clear disclosure as you can get. Remember these people sit on front of a closing attorney, in most cases. Which leads me to make another point. [Read more →]
June 24, 2007 No Comments
Sub Prime Home Loans In the News
A Loan Officers Point of View
Me like every one else has been watching the news concerning the so called “Subprime Woes”. Of course all the talk is blaming the lender, brokers and anyone else but the borrower. The fact is during the course of 2000-2005 and even today many, not most, sub prime AND prime borrowers only care about the lowest rate and fees with no regard to how the loan will affect their overall financial well being. [Read more →]
June 24, 2007 No Comments
