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Snets
Nitroglycerin
Joined: 12 Nov 2008
Posts: 875
Location: Palm Beach County
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Man - this site used to be a good place to exchange ideas and keep up to date on all things mortgage - what happened? |
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Aaron
A-Bomb
Joined: 24 Jan 2007
Posts: 824
Location: Atlanta, GA
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| Snets wrote: |
| Man - this site used to be a good place to exchange ideas and keep up to date on all things mortgage - what happened? |
Maybe it has something to do with users who have time to whine but no time to write something discussion-worthy... or at least report spam posts ;)))))
Or maybe it's that the industry simply contracted by 90%....
Or maybe it was the frivolous lawsuits inflicted upon us by collapsing mtg companies that effectively bankrupted ML-Implode and prevented us from building up...
We report, you decide ;)))) |
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Snets
Nitroglycerin
Joined: 12 Nov 2008
Posts: 875
Location: Palm Beach County
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Aaron - what's with the attitude - I have been a loyal poster on here for a long time - there was nothing personal in my post - I was lamenting the loss of a valuable resource, (at least to me) not attacking the managers of the site - lighten up dude |
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Aaron
A-Bomb
Joined: 24 Jan 2007
Posts: 824
Location: Atlanta, GA
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| Snets wrote: |
| Aaron - what's with the attitude - I have been a loyal poster on here for a long time - there was nothing personal in my post - I was lamenting the loss of a valuable resource, (at least to me) not attacking the managers of the site - lighten up dude |
Ok sorry I took it as an attack then! Misunderstood you. |
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ClulessDad
Dyn-o-mite!
Joined: 17 Jul 2009
Posts: 224
Location: SoCal
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Hey Snets!
do you use Provident? i am having a very hard time clearing the easiset of two PTD's on a refi (now 6 days) without any clearing. I am wondering if they ran out of money?
Anyone else having the same issue? |
_________________
Your word should be, by definition, a promise.
Underpromise and overdeliver |
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Snets
Nitroglycerin
Joined: 12 Nov 2008
Posts: 875
Location: Palm Beach County
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Dad - nope - I don't use them - I started one deal with them and then pulled it - mostly because of stuff I've read on here. (and that's what I was talking about, above) I understand they have great rates and I still get their interday pricing changes which really helps me - but they just sounded way too unpredictable and capricious to add to my mix.
Good luck with your conditions though. |
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Talent Seeker
Dud?
Joined: 09 Aug 2011
Posts: 17
Location: Houston, Tx
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What I found was that they did a final check at closing and ALWAYS found something at the last moment, rather than taking care of it in underwriting. You earn every penney of the "better rate" you get!  |
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I'm committed to providing a service worthy of your endorsement. |
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klifffy
Cherry Bomb
Joined: 03 Aug 2007
Posts: 185
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they won't fund it until one of two things happen. 1) rates improve and they can fund that loan that they didn't proplerly hedge for or 2) wait until your lock expires and then your done unless rates are lower. |
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ClulessDad
Dyn-o-mite!
Joined: 17 Jul 2009
Posts: 224
Location: SoCal
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I think it had something to do with the Gfees. As soon as I extended it for .5pt worse than my original lock, the PTD's were cleared in like 3 minutes (no joke) and docs were drawn in less than 24 hours. How can you fight something like this? UGGH |
_________________
Your word should be, by definition, a promise.
Underpromise and overdeliver |
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achtung
Nitroglycerin
Joined: 03 Jun 2010
Posts: 716
Location: Germany
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Maybe they will finally get things back in order after their attempt to secure more funding through their IPO. |
_________________
“Debt and deficits are not inventions of ideology. They are facts of arithmetic.”
– Paul Martin |
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