Chase BC is a goner.

Dyn-o-mite! Joined: 18 Dec 2007 Posts: 366

'Rumor' has it...

Min fico 580 for refi.
620 for purchases.

Max LTV 85% in NY
65% in NV

No more SIVA or Bank statements...

Coincidentally, no more with Wilmington either..

Mass layoffs to follow. Try to have a great weekend Chase boys and girls.

Schumpeter Reincarnate Joined: 21 Jan 2008 Posts: 3256

So why does that mean they are going out of business? Sounds like they have the same LTV's as most everyone else in the subprime world.

Dyn-o-mite! Joined: 18 Dec 2007 Posts: 366

thebfgb wrote:

So why does that mean they are going out of business? Sounds like they have the same LTV's as most everyone else in the subprime world.

Exactly, they just became a conforming lender... kinda ruins the 'BC' part of the name...

I'm sure Chase will be just fine.

Oh yeah.. and that MASS LAYOFFS part.

Posted: Fri Mar 07, 2008 9:16 pm

par41 wrote:

thebfgb wrote:

So why does that mean they are going out of business? Sounds like they have the same LTV's as most everyone else in the subprime world.

Exactly, they just became a conforming lender... kinda ruins the 'BC' part of the name...

I'm sure Chase will be just fine.

Oh yeah.. and that MASS LAYOFFS part.

You seem to take pleasure in your comments.......

Dyn-o-mite! Joined: 18 Dec 2007 Posts: 366

factchecker wrote:

par41 wrote:

thebfgb wrote:

So why does that mean they are going out of business? Sounds like they have the same LTV's as most everyone else in the subprime world.

Exactly, they just became a conforming lender... kinda ruins the 'BC' part of the name...

I'm sure Chase will be just fine.

Oh yeah.. and that MASS LAYOFFS part.

You seem to take pleasure in your comments.......

Not at all...

It's all fun and games until it's your company...

Flash in the pan Joined: 24 Aug 2007 Posts: 84

"Try to have a great weekend Chase boys and girls."

What a cluster F*ck comment. I certainy hope your company is next.

Full Disclosure:
I do not work, nor have any affiliation with Chase, but I am looking forward to the day that D*ck Heads like the one above become another statistic in the world of Layoff for which they gleam.

Try to have a great weekend Cluster F*ck boys and girls.

Cherry Bomb Joined: 07 Dec 2007 Posts: 156

what a [deleted]...

Dud? Joined: 05 Mar 2008 Posts: 21

thebfgb wrote:

So why does that mean they are going out of business? Sounds like they have the same LTV's as most everyone else in the subprime world.

In case you haven't noticed, every subprime company that has dropped to these ltv's and lost most all of their products have gone out of business. I would say Chase BC is done now. They may stay open for a little while longer but won't be doing any business.

Cherry Bomb Joined: 04 Mar 2008 Posts: 187

ALPHAxDOGG wrote:

"Try to have a great weekend Chase boys and girls."

What a cluster F*ck comment. I certainy hope your company is next.

Full Disclosure:
I do not work, nor have any affiliation with Chase, but I am looking forward to the day that D*ck Heads like the one above become another statistic in the world of Layoff for which they gleam.

Try to have a great weekend Cluster F*ck boys and girls.

It's kind if creepy how some people here delight in others being laid off.

Schumpeter Reincarnate Joined: 21 Jan 2008 Posts: 3256

exFFAE wrote:

thebfgb wrote:

So why does that mean they are going out of business? Sounds like they have the same LTV's as most everyone else in the subprime world.

In case you haven't noticed, every subprime company that has dropped to these ltv's and lost most all of their products have gone out of business. I would say Chase BC is done now. They may stay open for a little while longer but won't be doing any business.

So you have no facts. Just your speculation. Thanks for clarifying.