Friday, October 26, 2007
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!