Hi I have a simple but little tricky question. I believe there are three ways to purchase a house. 1.Pay cash – If you are a millionaire.. 2.Hire Mortgage Broker – They will contact with Wholesale Lender 3.Contact with Bank directly – Bank has it’s own Loan Officer. *If someone doesn’t tell the difference between [...]

It might have 2 or 3 levels depending on income and two limited deductions -one for charitable contributions and one for home mortgage. No income tax should be higher than 20% . In fact we need to amend the constitution to put in this limit. Then we need a national value tax at the wholesale [...]

We have a motor home that we purchased in 2005/2006 for about $237k. We owe $197k. We are just now late on our 1st payment because my husband is a framer and can’t find work in this economy and hasn’t for quite some time. We’ve eaten through savings and are selling off things to pay [...]

I was a wholesale Rep in the mortgage industry a year ago and was laid off. Couldn’t find a job so I had to file for BK13 recently. During this time I finish an MBA and actually got on with a really good company. I make really good money now and very stable company. I [...]

If Bank of America does takeover Countrwide Financial, what will happen to all their employees? The transaction is soley for the servicing potfolio. 90% of Countrywide’s loans were bought or originated by their wholesale division. Bank of America does not have a wholesale division anymore. BOA has been very vocal about their dislike of the [...]

RIGHT NOW IM JUST BUYING CARS FROM THE AUCTION AND POSTING THEM ON THE AUTO TRADER AND CRAIGS LIST. IM BUYING AND SELLING ABOUT 3-5 CARS A MONTH…..I JUST STARTED ABOUT 3 MONTHS AGO. IM MAKING AND AVERAGE OF $1,200.00 A CAR. ALL AT THE COMFORT OF MY OWN HOME AND LESS THAN 20 HRS [...]

2006 phone call to refi. promised great deals. promised to be done in 10 days. 1 month without paying mortgage. we used that money to pay off bills. days and wks past and nothing. because of that one month w/out paying our mort. we fell behind. 3 months past & close to foreclosure. Empire states [...]

Excerpts: This bailout was a terrible idea. Here’s why. The current mess would never have occurred in the absence of ill-conceived federal policies. The federal government chartered Fannie Mae in 1938 and Freddie Mac in 1970; these two mortgage lending institutions are at the center of the crisis. The government implicitly promised these institutions that [...]

i work at a large wholesale mortgage lender. I am the closing auditor. That means each file that is "clear to close" I am supposed to audit it before the closers send docs to the title company for the closing. The person that I work in conjunction with is not giving me files and giving [...]

I have been a wholesale mortgage underwriter for 5 years; In the consumer finance biz for 10 yrs. I have been laid- off 3 times (2 times in the last year). I’m very fustrated and pretty much done with the industry as a whole. Only thing is that I’m lost! I have no idea what [...]