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Bob Moulton quotes
“Monday morning is usually my busiest time. I've had only a half dozen applications today.”
Bob Moulton quotes
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Bob Moulton said: "Monday morning is usually my busiest time. I've had only..." and:
“
A lot of lenders are sending out letters stating that they are going to start accepting loans at higher loan limits well ahead of the Fannie Mae announcement.
”
Bob Moulton quotes
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“
Before banks wanted to see three comparable sales. Now lenders are asking for a fourth and a fifth comparable.
”
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One great [last-minute problem] is when the borrower applies for mortgage and changes job in the middle of the application ? and they don't tell us. We have to get a letter of employment or contract or pay stub to prove he's working at new job, and that can delay processing.
”
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We also see consumer confidence down a little bit. Houses are on the market a little longer. We're not seeing a softness in prices just yet. That could be the first sign that we do see where the housing market could be cooling down.
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I think people who were trying to get into investment properties and trying to flip them won't see those financial advantages with the short-term rates being higher than the long-term rates.
”
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