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October 7th, 2014 6:04 AM

Dear Friends,
It was 25 years ago today that MoneyTeam opened its doors in Studio City, CA. Looking back, I could never have imagined the wonderful clients we've helped throughout the years and have become life long friends!
An anniversary is a milestone to embrace for any business confronting the current financial challenges Americans face today. MoneyTeam has had its share of financial setbacks, as the mortgage industry has changed dramatically in large part due to the financial collapse that began in 2007, its acceleration in 2008 and the onset of The Great Recession. We have seen many mortgage companies close due to the financial crash during this period. One of the main culprits of this setback was due in large part by the offering of sub-prime loans to home buyers unable to qualify for financing, and the overall greed and ineptitude of banks, mortgage bankers, financial consultants, brokers, Wall Street merchants and by government encroachment.
 In order to alleviate or to end such abuses, new, stricter underwriting guidelines have been adopted, hopefully to insure the madness created by the actions of those involved in lending will never happen again. While the pendulum swings towards more stringent requirements for those seeking to purchase or refinance, MoneyTeam will continue to serve and advise our clients, so that a successful closing of one's transaction can happen in a timely manner.
MoneyTeam will also do its best. in providing genuine service and competitive financing for all of our customers. As of today, we do not know what the future holds for our company. As long as MoneyTeam is up and running, our devotion to our clients is a commitment we will faithfully exercise, as our basis for growth.
We truly appreciate your patronage and continued support throughout the years!

Thanks Again!

Posted in:General
Posted by Jesse Dorado on October 7th, 2014 6:04 AMPost a Comment

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