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TEAMBLOG

ROLLER COASTER
May 9th, 2008 5:56 PM

Dear Friends,

With all the havoc in the mortgage industry as of late, there is always a glimmer of hope in every circumstance.

We've noticed a slight improvement in the manner in which lenders are underwriting files. We speak from experience, as our pipeline of mortgage applications is slowly being reviewed by our lenders with an ultimate goal of securing bonafide APPROVALS that make sense. We hope the roller coaster ride of Draconian and voluminous loan conditions will ultimately come to an end. That's our hope for the future but for the here & now we need to be realistic. With all of the underwriting changes initiated by investors and banks almost daily, the topsy turvy atmosphere will end once there is confidence and trust in our financial markets again.

We can give horrific stories of loan applications during the past several weeks which were delayed due to extremely harsh underwriting conditions that were conceived to extract emotional harm to all parties in the transaction!

As you've probably noticed through my thoughts displayed in previous TEAMBLOGS, I've been around the block too many times for such an occurence to have an effect on my natural optimistic disposition!

Nevertheless, while this new conflagration is a testimony of the state of the mortgage industry at this time, our office continues processing loans in a manner in which anyone reviewing its contents would indeed agree of its merits for APPROVAL.

Please let us help you in your Refinance or Purchase loan requests.

Our office number is 323-936-3232.

Our hours are 9:30 AM to 5:00 PM Monday through Thursday. We close at 4:00 PM on Fridays.

IN OTHER NEWS:

  

TEAMTICKET

On all new loan submissions for the month of May, MoneyTeam will provide 2 tickets to either the LA OPERA, HOLLYWOOD BOWL or the PASADENA THEATRE. The tickets are worth up to $150.00. The tickets will be awarded at the close of escrow.

MOTHER'S DAY

MoneyTeam wishes all Mothers a wonderful day with their sons, daughters and grandchildren! Truly, this is a joyous day to remember our Mothers that are still with us and Mothers that are now in Heaven.

On a personal note, I think of 'Mima' every day and will do so lovingly for the rest of my life. Thoughts of her truly give me Peace & Comfort. 

Thanks Again


Posted in:General
Posted by Jesse Dorado on May 9th, 2008 5:56 PMPost a Comment

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