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Schumpeter Reincarnate


Joined: 24 May 2008
Posts: 220871

Re: Discussion on Equitable Trust Mortgage Corp.
PostPosted: Wed Dec 09, 2009 5:25 pm Reply with quoteBack to top

http://ml-implode.com/imploded.....01-22.html
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mortgagemess
Nitroglycerin


Joined: 09 Jan 2008
Posts: 561

Re: Discussion on Equitable Trust Mortgage Corp.
PostPosted: Wed Dec 09, 2009 5:47 pm Reply with quoteBack to top

To be honest...HUD has never been good at cleaning house until it was way to late into a problem...if the FED needs a audit, HUD/FHA should be right along with it!
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hollycrap
Flash in the pan


Joined: 11 Dec 2009
Posts: 29

EQUITABLE TRUST IS DANCING IN THE AISLES
PostPosted: Sat Dec 12, 2009 4:47 am Reply with quoteBack to top

HUD REVERSES THE SUSPENSION. BOUGHT FOR 1/4 MILLION DOLLARS

OH YEA THEY ALSO GOT 147,000 FOR THE 37 BORROWERS WHICH IS A RETURN OF THE OUTRAGEOUS BROKER FEES.

1. OH, BUT THESE BORROWERS ARE STILL STUCK WITH THEIR HIGH RATE FOR MONTH AFTER MONTH AFTER MONEY - 30 YEARS

2. ACCORDING TO HUD CONNECTION THEY DID OVER 2000 LOANS
HOW MANY DID HUD EXAMINE? WHAT ABOUT THE OTHER 1900?

THE MORAL OF THE STORY: MAKE MILLIONS ON THE BACKS OF THE BORROWERS, PAY A FRACTION TO HUD... JUST A COST OF DOING BUSINESS

EQUITABLE IS DANCING ALL OVER THEMSELVES - THEY ARE BACK IN BUSINESS
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StephenF
Nitroglycerin


Joined: 08 Dec 2007
Posts: 981
Location: New Jersey

Re: Discussion on Equitable Trust Mortgage Corp.
PostPosted: Sat Dec 12, 2009 2:51 pm Reply with quoteBack to top

Is Equitable Trust a Broker or a BANKER? To be as despicable as they are they must be a broker huh???

_________________
“During times of universal deceit, telling the truth becomes a revolutionary act”
– George Orwell
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the21kid
Dud?


Joined: 09 Jan 2009
Posts: 4

Re: Discussion on Equitable Trust Mortgage Corp.
PostPosted: Sun Dec 13, 2009 7:10 am Reply with quoteBack to top

Equitable Trust Mortgage Corp. is a lender and has the ability to broker certain loan types.

A suspension by HUD still grants the lender the ability to appeal. Apparently Equitable presented adequate information for HUD to reverse the suspension.

I wonder if the other 6 suspended lenders or 270 removed lenders, as indicated by Reuters, will be able to do the same?

http://www.reuters.com/article.....091207[/b]
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hollycrap
Flash in the pan


Joined: 11 Dec 2009
Posts: 29

Equitable Implodes
PostPosted: Fri Jan 22, 2010 10:58 pm Reply with quoteBack to top

the market is bad enough, but... when you do this to yourself:

I had interviewed one of their Manager's of one of their NET BRANCHS.

Here is how it started: "If we can't make at least 4 points and fees
we are not interested in having this conversation
continue."
I terminated the meeting.

they haven't learned a damn thing from the closing of Equitable.
they just want to make a killing on a loan. They give our business a
bad name and should be closed down !
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SARA
Dud?


Joined: 12 Dec 2009
Posts: 7

holly c**p
PostPosted: Mon Jan 25, 2010 1:13 am Reply with quoteBack to top

Hopefully karma won't bring you a "retreat" implode. And there's news on the street that you hired that manager.
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