“And that’s not going to change with the rates pulling back a little bit. Having learned how to successfully close a couple of non-QM loans, they’re not going to, all of a sudden, stop doing that. They’re going to continue, so I’m excited about that.” Focusing solely on agency and government-type loans once the market
A fraud scam involving phony warehouse lending is leading mortgage brokers to lose tens of thousands of dollars, according to a California advisory. California regulators issued the warning earlier this month, cautioning mortgage brokers to be on alert for the elaborate scam, where unlicensed fraudulent businesses approach them with offers of warehouse lines of credit.
“And so you’ve got to diversify during these hard markets, and again, you’ve got to make sure that when you’re making money, you’re saving that money because you never know when the market’s going to go down again.” How AIME is helping brokers get ahead A long-time member of the Association of Independent Mortgage Experts