Intermediate Information: March 2009 Archives

New Consumer Article: Loan Fall-Out And The Effects Upon Consumers

By Dan Melson on March 17, 2009 7:00 AM | Permalink | Comments (0)

The new consumer article for today is Loan Fall-Out And The Effects Upon Consumers. The days when loan officers are willing to lock loans with just a social and the identity of the property are ending, if not already over. Loan officers are facing consequences for a low ratio of funded loans, consequences that range from all of their clients paying higher loan rates to being fired or having their broker relationship terminated. The ones that don't understand this and take appropriate steps are going to be out of the industry.

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