Today a lot of people woke up to finding out that Greenpoint Mortgage along with others have gone out of business.Â
In the past few weeks I have met with, had conference calls and read articles on all the changes and how it is going to affect YOU the end consumer in getting loans.Â
Over the past 5 years the mortgage industry has been stretched out like a rubber band to the seams and having loan programs that would allow some pretty wild things to happen (I.E. Lower credit score’s, 100% Financing & Not verifying certain information such as income and even employment). Well the changes we are enduring right now is the snap back from the rubber band and constricting to a point of not doing most of those loans we have been so accustom to doing with out batting an eye at. If you a consumer who fits into one of the above categories all I can say is let’s update those pre-approvals you have. Don’t think that you just did it a week ago that everything is ok – right now the mortgage market is changing on a minute to minute basis. Â
Have a great weekend!!! I also want to roll out my HOT LINE # which is getting me where ever I am at please do not hesitate to call – 609-257-4456.Â
 Jeremiah
I will be available at a NJ Open House hosted by Dan Bozza of RE/MAX Central this coming Sunday from 1pm til 3:30 pm. at 2 Crane Way in Toms River New Jersey. Stop by for your free Homebuyers Tool Kit! I’ll be doing on the spot no obligation pre-approvals as well as answering any questions or concerns related to financing. See you there!
