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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Ramsey Su who wrote (74590)11/28/2006 10:19:55 PM
From: ild  Read Replies (2) of 110194
 
As I understand he spoke about their own home grown "improved underwriting guidelines". I'd expect at least another 10% rejected after THE guidelines are enforced.
Also as I understand most of applications are from mortgage brokers who know where to send a particular application. When the brokers learned that New Century made some changes they simply stopped sending these applications to them. So the rejection is always low.

In case you missed this:
globaleconomicanalysis.blogspot.com
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