{"id":1764,"date":"2007-08-07T20:11:46","date_gmt":"2007-08-08T03:11:46","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1764"},"modified":"2007-08-07T20:13:01","modified_gmt":"2007-08-08T03:13:01","slug":"when-lenders-stop-lending-another-lender-lends","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1764\/when-lenders-stop-lending-another-lender-lends\/","title":{"rendered":"When Lenders Stop Lending, Another Lender Lends."},"content":{"rendered":"

The title is a funny play on words from advice Jeff Brown<\/a> and Ron Feinberg<\/a> gave me last week. When I returned from Inman last week, the market started melting down. I pride myself on my cool head but some days the Awshits<\/em> sneak up and dominate my mind; Friday was one of those days.<\/p>\n

IndyMac- discontinued neg-am<\/em><\/p>\n

Bear Stearns- repriced neg ams by adding 2.25 points to the fee<\/em> (thievery)<\/p>\n

American Brokers Conduit- I didn’t know they were owned by American Home Mortgage until it was too late.<\/em><\/p>\n

World Savings- a workable solution but their margins are so expensive. Now, they’re cheaper than the rest<\/em>.<\/p>\n

Jeff Brown told me that some smart company would figure out the void in the market in less than one month. Ron Feinberg said six weeks. I called the 2-3 borrowers and explained that the repricing may have made the neg-am loans a poor recommendation; it just didn’t fit into the plan I had created for them.<\/p>\n

Look who slipped in the back door with killer pricing and terms<\/a>. I’ll be damned! It took less than a week!<\/p>\n","protected":false},"excerpt":{"rendered":"

The title is a funny play on words from advice Jeff Brown and Ron Feinberg gave me last week. When I returned from Inman last week, the market started melting down. I pride myself on my cool head but some days the Awshits sneak up and dominate my mind; Friday was one of those days. […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":{"0":"post-1764","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-lending","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1420,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1420\/can-i-ease-out-of-my-pay-option-loan\/","url_meta":{"origin":1764,"position":0},"title":"Can I ease out of my pay-option loan?","author":"Morgan Brown","date":"May 12, 2007","format":false,"excerpt":"Heard this one before? I tell you what, if I had a nickel... skip it, you know what I'm saying. During the last few years home owners, especially in areas with exceptionally low levels of housing affordability, have flocked in droves to the \"dreaded\" pay option mortgage. Now with recasts\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4669,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4669\/the-mortgage-dance-continues\/","url_meta":{"origin":1764,"position":1},"title":"The Mortgage Dance Continues","author":"Sean Purcell","date":"September 26, 2008","format":false,"excerpt":"I posted the following back in July and with WaMu going down it seems like a good time to bring it back to the top.\u00a0 If there is any confusion as to who is going down and why, make a point of clicking the link on the \"accounting debacle\".\u00a0 It\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3201,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3201\/and-wachovia-completes-the-gang-of-three\/","url_meta":{"origin":1764,"position":2},"title":"And Wachovia Completes the Gang of Three","author":"Sean Purcell","date":"June 3, 2008","format":false,"excerpt":"Wachovia board members have forced CEO Ken Thompson to retire\u00a0\u00a0and\u00a0Realtors should be popping champagne corks all over the nation.\u00a0\u00a0Why?\u00a0\u00a0Because Wachovia is the final reckoning of the Gang of Three\u00a0and this may very well signal the bottom of the market.\u00a0 Disclaimer #1: I usually write posts and comments backed by statistics.\u00a0\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3355,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3355\/the-mortgage-dance-ez-just-follow-the-bouncing-ball\/","url_meta":{"origin":1764,"position":3},"title":"The Mortgage Dance? EZ: Just Follow The Bouncing Ball.","author":"Sean Purcell","date":"July 14, 2008","format":false,"excerpt":"And the beat goes on...\u00a0 but sometimes it helps\u00a0to have that little bouncing ball show us\u00a0exactly what lyric we are singing this week.\u00a0 All together now: Today the Fed suprised no one by\u00a0opening the discount window to ailing siblings: Fannie Mae and Freddie Mac.\u00a0 Together they\u00a0hold more\u00a0than half of all\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1985,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1985\/the-odysseus-medal-competition-the-long-list\/","url_meta":{"origin":1764,"position":4},"title":"The Odysseus Medal competition — The long list","author":"Greg Swann","date":"September 30, 2007","format":false,"excerpt":"We had a lot of news this week, some tragic, some comical. All of it and then some is represented here. This is \"the long list\" -- the total list of nominees that made the cut to be considered for the short list, the nominees available for voting for The\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10397,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10397\/its-beginning-to-look-a-lot-like-christmas\/","url_meta":{"origin":1764,"position":5},"title":"It’s Beginning to Look a Lot Like Christmas","author":"Tom Vanderwell","date":"November 24, 2009","format":false,"excerpt":"Oops, I mean More Riskless.Thanks to Jeff Brown for the tip.\u00a0\u00a0 Enjoy!","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1764"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1764\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}