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Loan Modification

: Mortgage Lender Implode-o-Meter

What Up With That?

By Implode-Explode Heavy Industries

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``So there was this big jump in mortgage purchase applications today... One possible driver of last week?s big increase in FHA applications was a desire by borrowers to get applications in before new FHA requirements took effect October 4th, which included somewhat higher credit score and down payment requirements.? The old ?BUY NOW before we make it impossible for you? trick. So much for that pop.''

Full post as published by Mortgage Lender Implode-o-Meter on October 06, 2010 (boomark / email).

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