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Archive for the 'Boston real estate mortgage applicant' categoryThe Senate Crams CramdownsThe U.S. Senate has rejected a proposal for mortgage cramdowns near to the hearts of many consumer groups that would have allowed bankruptcy judges to arbitrarily rewrite mortgages. The idea, a key part of the Obama Administration’s foreclosure-fighting efforts, was always an uphill struggle against powerful bank lobbies which opposed it. Only Citibank came on [...] Smaller Banks Grab a larger share of the MarketMuch has been written in recent months about perspective buyers who’ve had trouble qualifying for mortgage loans despite solid credit scores. Strict underwriting standards have essentially reduced the buying pool. But borrowers are managing to get loans. Which institutions are doing the most lending in Massachusetts? If you guessed biggies like Bank of America, Citizens [...] Before you put in an offer….Check out the Condo Assoc.Today, Wells Fargo turned down a mortgage applicant with a very, very high credit score. The reason the applicant was turned down, because she put in an offer on a condo at Tremont-On-The-Common (151-Tremont Street). So what? I spoke with the Mortgage Broker from Wells Fargo and he informed me that my agent’s client has: [...] |
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