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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Dec 5 9:30 AM EST
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To: jhild who wrote (14196)9/24/1998 9:51:00 PM
From: jdcpa  Read Replies (1) of 43774
 
Can someone please post this to SI because JHILD is beginning to peeve me off.
JHILD until U understand the mortgage business I would strongly suggest that U save your stupid comments. Just for anyone who does not understand the mortgage lending business here it is in a nutshell. Affordable takes the application, may do the underwriting for qualification themselves or may use a third party. The mortgage is
then placed with a mortgage lending company who will then immediately sell it to someone else almost immediately. This in the business is called brokering a mortgage. No money is needed by those who take the application and for there efforts they will receive fees for them drawing in the business. This is not complicated and Affordable is starting with this process in Belize. As noted in the shareholders
meeting they already have the middleman committed to take the responsibility of funding the mortgages. They may in return sell it in the aftermarket. I had one of my mortgages sold 3 times. I did not know who to pay my mortgage too. JHILD please shut up and don't be so stupid in your comments. You must certainly feel embarrassed with some of your recent comments. I had one of my mortgages sold 3 times. I can
tolerate ignorance but stupidity is unacceptable.
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