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Loan Modification

: Mortgage Lender Implode-o-Meter

States Cracking Down on Mortgage ?Net Branches?

By Implode-Explode Heavy Industries

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... a trend is developing that signals the end of term ?net branch? is near. States don?t want anything resembling a net branch or associated with ?net branching? operating within their borders. Branch applications in many states, coming from HUD compliant by the book mortgage bankers, that were previously approved 99.9% of the time, are being denied because the mortgage bank itself is associated slightly with term ?net branching?.

Full post as published by Mortgage Lender Implode-o-Meter on March 22, 2010 (boomark / email).

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