http://washingtonindependent.com/41811/maybe-congress-will-investigate-the-mortgage-crisis-after-all National News in Context Sun, 04 Mar 2012 13:30:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://washingtonindependent.com/41811/maybe-congress-will-investigate-the-mortgage-crisis-after-all/comment-page-1#comment-76834 Citibank credit card Tue, 15 Sep 2009 15:55:44 +0000 http://washingtonindependent.com/?p=41811#comment-76834 It's a good thing that Congress will investigate. Through this they'll know where is the crisis is coming from and so they can help banks as well as the consumer. It's a good thing that Congress will investigate. Through this they'll know where is the crisis is coming from and so they can help banks as well as the consumer.

]]> http://washingtonindependent.com/41811/maybe-congress-will-investigate-the-mortgage-crisis-after-all/comment-page-1#comment-34658 broker Wed, 06 May 2009 06:51:29 +0000 http://washingtonindependent.com/?p=41811#comment-34658 I have a few years experience processing loans in the mortgage industry. I was working for a wholesale lender. We had deals ready to go but there was no credit so we had to close. I dealt with all of the incoming loan documents. I did digital imaging and broker license verification. You'd be amazed how many times I had found that the broker did not complete the application properly. I would say it was astonishing. There is a practice among brokers in this country to get the borrower the loan no matter what. All they need is a person to say that they want a loan and then the broker will find a way to get a loan regardless of whether or not the buyer is qualified for the loan. People are losing everything that they have as a result of the way these brokers are doing business. They pay somebody $500 to process the line and the sign some stuff then they collect however many points they want out of it. I have a few years experience processing loans in the mortgage industry. I was working for a wholesale lender. We had deals ready to go but there was no credit so we had to close. I dealt with all of the incoming loan documents. I did digital imaging and broker license verification. You'd be amazed how many times I had found that the broker did not complete the application properly. I would say it was astonishing. There is a practice among brokers in this country to get the borrower the loan no matter what. All they need is a person to say that they want a loan and then the broker will find a way to get a loan regardless of whether or not the buyer is qualified for the loan. People are losing everything that they have as a result of the way these brokers are doing business. They pay somebody $500 to process the line and the sign some stuff then they collect however many points they want out of it.

]]> http://washingtonindependent.com/41811/maybe-congress-will-investigate-the-mortgage-crisis-after-all/comment-page-1#comment-29866 broker Tue, 05 May 2009 23:51:29 +0000 http://washingtonindependent.com/?p=41811#comment-29866 I have a few years experience processing loans in the mortgage industry. I was working for a wholesale lender. We had deals ready to go but there was no credit so we had to close. I dealt with all of the incoming loan documents. I did digital imaging and broker license verification. You'd be amazed how many times I had found that the broker did not complete the application properly. I would say it was astonishing. There is a practice among brokers in this country to get the borrower the loan no matter what. All they need is a person to say that they want a loan and then the broker will find a way to get a loan regardless of whether or not the buyer is qualified for the loan. People are losing everything that they have as a result of the way these brokers are doing business. They pay somebody $500 to process the line and the sign some stuff then they collect however many points they want out of it. I have a few years experience processing loans in the mortgage industry. I was working for a wholesale lender. We had deals ready to go but there was no credit so we had to close. I dealt with all of the incoming loan documents. I did digital imaging and broker license verification. You'd be amazed how many times I had found that the broker did not complete the application properly. I would say it was astonishing. There is a practice among brokers in this country to get the borrower the loan no matter what. All they need is a person to say that they want a loan and then the broker will find a way to get a loan regardless of whether or not the buyer is qualified for the loan. People are losing everything that they have as a result of the way these brokers are doing business. They pay somebody $500 to process the line and the sign some stuff then they collect however many points they want out of it.

]]> http://washingtonindependent.com/41811/maybe-congress-will-investigate-the-mortgage-crisis-after-all/comment-page-1#comment-29756 The Washington Independent » Maybe Congress Will Investigate the … Tue, 05 May 2009 17:37:49 +0000 http://washingtonindependent.com/?p=41811#comment-29756 [...] Read the rest here:  The Washington Independent » Maybe Congress Will Investigate the … [...] [...] Read the rest here:  The Washington Independent » Maybe Congress Will Investigate the … [...]

]]> http://washingtonindependent.com/41811/maybe-congress-will-investigate-the-mortgage-crisis-after-all/comment-page-1#comment-29749 Congress may look at mortgage crisis « Later On Tue, 05 May 2009 17:19:47 +0000 http://washingtonindependent.com/?p=41811#comment-29749 [...] in Business, Congress, Daily life at 10:17 am by LeisureGuy Mary Kane in the Washington Independent: In the wake of the Great Depression, a Congressional panel known as the Pecora Commission [...] [...] in Business, Congress, Daily life at 10:17 am by LeisureGuy Mary Kane in the Washington Independent: In the wake of the Great Depression, a Congressional panel known as the Pecora Commission [...]

]]> http://washingtonindependent.com/41811/maybe-congress-will-investigate-the-mortgage-crisis-after-all/comment-page-1#comment-29707 Mortgage online » Blog Archive » The Washington Independent » Maybe Congress Will Investigate the … Tue, 05 May 2009 15:03:35 +0000 http://washingtonindependent.com/?p=41811#comment-29707 [...] Read the rest here:  The Washington Independent » Maybe Congress Will Investigate the … [...] [...] Read the rest here:  The Washington Independent » Maybe Congress Will Investigate the … [...]

]]> http://washingtonindependent.com/41811/maybe-congress-will-investigate-the-mortgage-crisis-after-all/comment-page-1#comment-29697 The Washington Independent » Maybe Congress Will Investigate the … | Money Blog : 10 Dollars : Money Articles. Tue, 05 May 2009 13:57:14 +0000 http://washingtonindependent.com/?p=41811#comment-29697 [...] More here: The Washington Independent » Maybe Congress Will Investigate the … [...] [...] More here: The Washington Independent » Maybe Congress Will Investigate the … [...]

]]>