General Discussion

Wellstone ruled

(34,661 posts)

7. One of my more interesting

Sat Mar 21, 2020, 12:57 PM

Mar 2020

jobs after flunking retirement the third time,was a Mortgage Loan Officer back in the No-Doc days of 06-07. Seen it all,including the intimidation from Builders,Real Estate Sales and Brokers,and even from WAM-MU to write crap to be bundled and sold off.

Wam-Mu fired my ass for not underwriting a few loans that I simply was not going risk going to jail for.

And yes,our first Rifi's were Ranchers looking for sucker Money because the drought was wrecking their way of life. All those new Cars and Truck payments were crimping their life style.

Never saw such a bunch of Professional People come through our door with Subprime Credit Scores ever. My guess is,we are in that same situation once again.

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Without mortgage / rent suspension, we risk an onslaught of foreclosures [View all] Roland99 Mar 2020 OP

If only there were actual policy makers, and people that could do math Afromania Mar 2020 #1

There might be some help on the way: The Velveteen Ocelot Mar 2020 #2

Oh good. Just hope the burden of proof isn't too cumbersome for them Roland99 Mar 2020 #4

Yes, and that was two days ago. Igel Mar 2020 #8

My grandson is a housing loan officer tavernier Mar 2020 #3

And you will get the Rifi if you make the numbers. Wellstone ruled Mar 2020 #5

Yes and sadly most where he works are farmers. tavernier Mar 2020 #6

One of my more interesting Wellstone ruled Mar 2020 #7

Everyone should read about what is being done Hortensis Mar 2020 #9

I am an eviction defense attorney, here's a write-up from a colleague... Progressive Law Mar 2020 #10

Thanks. I couldn't assume the feds would of course do more Hortensis Mar 2020 #11