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Loan Modification

: Mortgage Lender Implode-o-Meter

New Overlays Are Hurting Loan Brokers

By Implode-Explode Heavy Industries

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``The dynamics of the relationships between mortgage broker and wholesaler have been changed as a result of the housing crisis. And for many on the mortgage broker side of the equation, those changes have not been for the better. Among the issues have been lender overlays, which are adding additional requirements to loan programs beyond what the secondary market investor demands.''

Full post as published by Mortgage Lender Implode-o-Meter on January 27, 2011 (boomark / email).

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