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Topic: No More Vig! Ltd to 1 Point Orig as of Nov 1st w/ Assurity!
Calvin Hamler

Replies: 22
Views: 14426

PostForum: Mortgage Lender Implode-O-Meter   Posted: Wed Nov 11, 2009 4:28 am   Subject: Re: No More Vig! Ltd to 1 Point Orig as of Nov 1st w/ Assuri
Unreal! How we supposed to make a living?

http://hermes.afsinformation.com/enewsletterpro/uploadedimages/000001/PB09-61W.pdf

Usually, I structure the pricing of a loan with only one point in the ...
Topic: FLAGSTAR BANK
Calvin Hamler

Replies: 130
Views: 131453

PostForum: Mortgage Lender Implode-O-Meter   Posted: Sun Mar 15, 2009 2:46 pm   Subject: Re: FLAGSTAR BANK
One man's trash is another man's treasure. If you have a solid FHA branch looking for a new home, we should talk.
Topic: National City/PNC news
Calvin Hamler

Replies: 14
Views: 10958

PostForum: Mortgage Lender Implode-O-Meter   Posted: Sun Mar 15, 2009 2:25 pm   Subject: Re: National City/PNC news
Calvin,

Is this why myself and the other 70% of retail loan officers at Flagstar have been let go?

Rock,

I hadn't heard that. Can you share where you are getting your information and statist ...
Topic: National City/PNC news
Calvin Hamler

Replies: 14
Views: 10958

PostForum: Mortgage Lender Implode-O-Meter   Posted: Sun Mar 15, 2009 1:38 pm   Subject: Re: National City/PNC news
In truth, PNC's interest in Nat City was for the Banking end not mortgage
They already have a JV with Wells and a very strong portfolio of their own
for 2nds. The banking end of Nat is strong and in ...
Topic: National City/PNC news
Calvin Hamler

Replies: 14
Views: 10958

PostForum: Mortgage Lender Implode-O-Meter   Posted: Thu Mar 12, 2009 8:43 pm   Subject: Re: National City/PNC news
Thank you Calvin. I knew you'd jump in on this one and shed some light.

Do you think the previous poster is correct in stating there are 7 US warehouse facilities and 3 will be closed soon? Are t ...
Topic: ASSURITY PAYROLL CHANGES
Calvin Hamler

Replies: 57
Views: 69802

PostForum: Mortgage Lender Implode-O-Meter   Posted: Thu Mar 12, 2009 3:06 am   Subject: Re: ASSURITY PAYROLL CHANGES
Sorry if I may sound too harsh or shrewd to some. I'm just trying to be smart about our accounts receivable management and make sure that we don't incur bad debt expense. We have admittedly been bur ...
Topic: National City/PNC news
Calvin Hamler

Replies: 14
Views: 10958

PostForum: Mortgage Lender Implode-O-Meter   Posted: Thu Mar 12, 2009 2:52 am   Subject: Re: National City/PNC news
Globally, if every single warehouse lender were to exit, then yes, every single non-bank mortgage company would be out of business. I don't think anyone can argue that one.

That is, unless the Fed ...
Topic: Calvin Hamler aka ASSURITY FINANCIAL Legal Problems!!
Calvin Hamler

Replies: 13
Views: 42089

PostForum: Mortgage Lender Implode-O-Meter   Posted: Thu Mar 12, 2009 2:31 am   Subject: Re: Calvin Hamler aka ASSURITY FINANCIAL Legal Problems!!
Bizarro / Beazar / whoever you are,

Here's the thing: there are always two sides to every story. I have to believe that there is more to it if we didn't approve a 790 FICO, low DTI loan, but unle ...
Topic: ASSURITY PAYROLL CHANGES
Calvin Hamler

Replies: 57
Views: 69802

PostForum: Mortgage Lender Implode-O-Meter   Posted: Thu Mar 12, 2009 2:16 am   Subject: Re: ASSURITY PAYROLL CHANGES
If you call "the death nell" having a huge pipeline of loans to fund, a great couple of trailing months' profitability, and a couple more interested warehouse banks that want us as a custome ...
Topic: National City/PNC news
Calvin Hamler

Replies: 14
Views: 10958

PostForum: Mortgage Lender Implode-O-Meter   Posted: Thu Mar 12, 2009 1:50 am   Subject: Re: National City/PNC news
How many wholesalers will be affected by National City/PNC pulling out of the warehouse line biz?

It is my understanding that many lenders have lines with National City. I believe Assurity is one ...
 

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