are you in the mortgage business??

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Just curious to see how other loan officers are doing in the metro detroit area in the mortgage business right now…it has been very up and down for me lately, especially with all of the lender guideline changes I can’t approve most of the people I used to!

2 Comments
  1. Reply
    badappleinthebunch
    May 1, 2011 at 2:02 am

    Business would probably pick up if you stood away from the yahoo boards 😉

    The Market is HOT

  2. Reply
    DamnitJerry
    May 1, 2011 at 2:43 am

    i am in california but my company does lots of loans in your area. We used to Advertise all over your radio stations. It is very tough. Detroit values are super low. Every time the big auto companies do a lay off everthing else sinks. Many lenders either dropped doing loans in the city or dropped the state all together.

    Many of the Banks went out of business too. My business has now shifted away from Michigan now. And i have to do work over many different loan programs. before i did all subprime, now it’s a couple subprime, Alt A and A paper, purchase. Even throw in a commerical loan if you have to. to survive your just going to have to do it all.

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