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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (114757)	12/14/2015 8:26:15 PM
From: bruiser98	Read Replies (2) \| Respond to of 217844

When a non-bank lender makes a loan does it just type figures into a bookkeeping ledger?

To: Elroy Jetson who wrote (114757)	12/14/2015 8:36:53 PM
From: ggersh	2 Recommendations Recommended By dvdw© Haim R. Branisteanu Respond to of 217844

It sure is getting weird out there, a buddy who does appraisal's told me that the lenders I assumed banks, but after reading your post it could be anyone again that the lenders have been asking for higher appraisals again, reality against comps don't work for the lenders and if he doesn't go along they'll find the right person to do so. So lenders of all stripes are loaning again, most likely selling them before the ink dries, either to the Fed or to Freddie, Fannie, Ginnie? Another aspect that could tie this together is supposedly alot of the foreclosures are still out there without resolution, my brother knows of one 8 years old another at 4 years, has anything changed? "The bank pullback is a problem for Ginnie Mae, which guarantees FHA and VA loans that are bundled as bonds and sold to investors. It's much easier to ensure that banks have reserves to cover defaults than it is for the crop of new lenders, with a variety of business models. "Where's the money going to come from?" Tozer asked. "We want to make sure everyone's going to be there when the next downturn comes."