Friday, October 26, 2007

Subprime Meltdown complete

It looks like the subprime meltdown is over. 70 Lenders are now out of business including two of our favorites. New Century and Greenpoint are done. A lot of the programs that disappeared are coming back including 100% purchase for < 600 credit scores. We mostly do Jumbo Texas cash outs. I have a $ 5,000,000 deal that should close on Monday. Wish me luck!