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Topic: Anybody Else Having Trouble Funding Taylor Bean Loans Today?
truehollywood

Replies: 772
Views: 420039

PostForum: Mortgage Lender Implode-O-Meter   Posted: Wed Aug 05, 2009 4:43 pm   Subject: Re: Anybody Else Having Trouble Funding Taylor Bean Loans To
Hmm! where did you all hear that TBW has closed! From what I understand they have just stopped underwriting for the next 48 hours. Does that sound like they have closed the doors or that they are com ...
Topic: Warehouse lenders thinning out?
truehollywood

Replies: 27
Views: 14860

PostForum: Mortgage Lender Implode-O-Meter   Posted: Tue Mar 17, 2009 8:33 pm   Subject: Re: Warehouse lenders thinning out?
I agree. I heard talk of the SBA getting involved, but it's just rumors. Colonial really needs that private $300 million by the end of this month. I'm afraid if they don't make it, other warehouse len ...
Topic: Warehouse lenders thinning out?
truehollywood

Replies: 27
Views: 14860

PostForum: Mortgage Lender Implode-O-Meter   Posted: Tue Mar 17, 2009 8:23 pm   Subject: Re: Warehouse lenders thinning out?
Non-bank mortgage companies will have to obtain commercial lines of credit just like other businesses or broker directly.
Topic: FLAGSTAR BANK
truehollywood

Replies: 130
Views: 130770

PostForum: Mortgage Lender Implode-O-Meter   Posted: Tue Mar 17, 2009 8:20 pm   Subject: Re: FLAGSTAR BANK
I would be very surprised if Thornberg and Flagstar merged. I don't see the benefit unless Thornberg owes them lots of money.
Thornburg Mortgage, once a top ranked originator of "super jumbo&qu ...
Topic: PennyMac - disgusting
truehollywood

Replies: 14
Views: 8358

PostForum: Mortgage Lender Implode-O-Meter   Posted: Fri Mar 13, 2009 5:33 pm   Subject: Re: PennyMac - disgusting
They did a terrible job running CW, this venture will go down in flames as well. Other banks have tried this model and it only works with aggressive, time-consuming, labor intensive collections. Half ...
Topic: JPMorgan Chase to Increase India Outsourcing 25%
truehollywood

Replies: 33
Views: 10586

PostForum: Mortgage Lender Implode-O-Meter   Posted: Fri Mar 13, 2009 1:21 pm   Subject: Re: JPMorgan Chase to Increase India Outsourcing 25%
No wonder their stock is up . . Looks pretty good without too much payroll on the books and now we hear that our tax dollars went over there to help boost their economy. Oh, by the way, we may need t ...
Topic: Guaranty Bank - Warehouse (Austin, TX)
truehollywood

Replies: 24
Views: 11319

PostForum: Mortgage Lender Implode-O-Meter   Posted: Fri Mar 13, 2009 12:27 pm   Subject: Re: Guaranty Bank - Warehouse (Austin, TX)
That's great.
Topic: Everett Financial DBA Supreme Lending. What is the scoop
truehollywood

Replies: 38
Views: 40687

PostForum: Mortgage Lender Implode-O-Meter   Posted: Thu Mar 12, 2009 7:32 pm   Subject: Re: Supreme
The only way anyone is getting an increase in warehouse capacity is if someone else was dropped or they made a large deposit and are borrowing their own money.

All of the above, plus a decent size ...
Topic: PennyMac - disgusting
truehollywood

Replies: 14
Views: 8358

PostForum: Mortgage Lender Implode-O-Meter   Posted: Thu Mar 12, 2009 6:23 pm   Subject: Re: PennyMac - disgusting
They did a terrible job running CW, this venture will go down in flames as well. Other banks have tried this model and it only works with aggressive, time-consuming, labor intensive collections. Half ...
Topic: PennyMac - disgusting
truehollywood

Replies: 14
Views: 8358

PostForum: Mortgage Lender Implode-O-Meter   Posted: Thu Mar 12, 2009 6:18 pm   Subject: Re: PennyMac - disgusting
CW/BofA is willing to refinance via regular costs and fees unless you go into default and prove that you can't pay your mortgage. I think most big banks are going to be that way because of the potenti ...
 

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