Adios, mortgage brokers!
Started by prettykitty
almost 17 years ago
Posts: 33
Member since: Jan 2009
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Ah, you are referring to this:
http://www.nytimes.com/2009/02/01/realestate/01mort.html?ref=realestate
The wheel turns, the wheel turns..
Yes, 407PAS, you found the article.
pretty kitty -- why didn't you attach the article? A thank you to 407PAS was in order... Not a snide remark about finding the article. Massengil disposable...
I didn't know how to take prettykitty's response, tone of voice is almost impossible to convey in these posts. I guess it could be snide, exasperated, bemused, cynical, humorous, I'm not sure....
Anyway, I also posted that article on another thread but prettykitty raised an interesting point about the appraisers being run out of business if they didn't come up with the correct number for the mortgage broker. I guess I knew this sort of thing went on but I have never used a mortgage broker on any of my deals, so that conflict of interest didn't immediately spring to mind. Of course, the mortgage broker association is crying big crocodile tears about getting cut out of some of the deals.