As the song goes; "Life is a Highway," and right now, the highway is moving pretty fast, things are getting blurry, and we may be in the center of the road (the most dangerous place to be). How do we navigate that high speed of change and challenges. Just today, Indymac Bank folded its lending division (and the whole bank may follow shortly). This bank had solid underwriting, great construction loans and a talented, driven staff...yet they crashed into the wall. So where do we take your loan to secure it from the upcoming head-on? 166 lenders have now crashed and burned since 2006. Rate are going higher and higher as Risk comes into play. We haven't bottomed out yet, so buckle in with a quality new home loans with side air bags, not empty sales wind bags. I've still got the best banks to shop your loan. Pat Townsley, your nitro burnin' Mortgage Broker & Track Advisor. 415-485-1776. www.ptre.net
Monday, July 07, 2008
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