Comments on: Understanding Flow-based Correspondent Lending

By: morganb

morganb — Fri, 29 May 2009 20:51:12 +0000

Thanks! I actually never got around to making part 2. I should do
that some day

Morgan

–
P. Morgan Brown
http://www.twitter.com/morganb
http://www.linkedin.com/in/morganb

By: TFB

TFB — Thu, 28 May 2009 15:49:08 +0000

This is a great and easy to understand presentation. Did you also post part 2 of the video? I can't find it.

By: loanmodificationzoom

loanmodificationzoom — Fri, 08 May 2009 17:23:25 +0000

Due to the high risk, there are so few organizations still offering whorehouse lines. There is another aspect of risk to this for the “correspondent lender” in the form of buybacks, which caused many of the smaller (and a couple of larger) mortgage shops to close down.

By: What if Countrywide Went Under Tomorrow?

What if Countrywide Went Under Tomorrow? — Thu, 10 Jan 2008 05:27:05 +0000

[...] I’m not talking about wholesale mortgage broker loans being put on hold – I’m talking about very large institutions that rely on lines of credit from Countrywide suddenly being without all (or a large chunk) of their ability to fund loans. To understand how mortgage banking works see my overview on warehouse lending. [...]

By: Kiwi

Kiwi — Sat, 15 Dec 2007 16:59:58 +0000

Excellent article … so many people have tried to explain this whole process in the past and they never did a good job. You nailed it and i totally get it.

Looking forward to part 2!

By: Jimmy

Jimmy — Sun, 11 Nov 2007 00:30:02 +0000

Good information, thanks for making it. When will the 2nd part be posted?

By: The differences between a mortgage broker and a mortgage banker

The differences between a mortgage broker and a mortgage banker — Mon, 03 Sep 2007 23:29:05 +0000

[...] of dollars in additional hidden profit by giving you a higher interest rate than you deserve. Further, many small mortgage banks are nothing more than brokers on steroids. Since they sell your loan immediately they don?t always have ultimate control like they say they [...]

By: Jim Gilly

Jim Gilly — Thu, 30 Aug 2007 07:32:54 +0000

Thanks for the link Morgan. I always look forward to the information you provide. Well thought out – quality stuff.

Jim
P.S. I just finished reading on another blog a comparison of the various sources to obtain a loan that was written by a supposed “expert” in the field.

I found a number of inaccuracies that went unchallenged by other posters who are also in the mortgage business. And people want to blame the consumer for not understanding how this all works?

By: Morgan Brown

Morgan Brown — Wed, 29 Aug 2007 20:37:05 +0000

Hi Jim,

You can grab the PDF here:
http://blownmortgage.com/files/core_lending.pdf

Thanks!
Morgan

By: Jim Gilly

Jim Gilly — Wed, 29 Aug 2007 20:28:52 +0000

Hi Morgan,

I recall the video mentioned you had a pdf version. Are you working on that or is it now available?

Thanks
Jim