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 →]

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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 →]

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