U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 09-09-2008, 09:38 AM
 
Location: Frisco,TX
1 posts, read 1,246 times
Reputation: 10

Advertisements

I wonder why so many independent mortgage co.s pretend to be in the black when they are in the red? There is help if you ask for it, but you have to be strong enough to ask for it.
I drive down the street and see so many mtg. co.s that have closed their doors now because they are no longer in business.
Thanks,
Progressive Networth
Reply With Quote Quick reply to this message

 
Old 09-09-2008, 09:49 AM
 
4,544 posts, read 11,551,865 times
Reputation: 3068
Quote:
Originally Posted by progressive networth View Post
I wonder why so many independent mortgage co.s pretend to be in the black when they are in the red? There is help if you ask for it, but you have to be strong enough to ask for it.
I drive down the street and see so many mtg. co.s that have closed their doors now because they are no longer in business.
Thanks,
Progressive Networth
What help??

The industry needed a good cleaning.
Reply With Quote Quick reply to this message
 
Old 09-09-2008, 02:28 PM
 
Location: Fort Myers, FL
1,286 posts, read 2,595,489 times
Reputation: 249
im not sure what your talking about, but when your monthly expenses are $5k to $15k i imagine its difficult to keep paying that if your surviving off realtor leads in a slow market.
Reply With Quote Quick reply to this message
 
Old 09-11-2008, 04:58 AM
 
Location: OK
2,717 posts, read 6,293,800 times
Reputation: 1844
Numerous mortgage brokers were forced to buy back loan packages that were not solid, had falsified documents and/or inflated appraisals.

That kind of money is hard to come by ....................
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top