Comments on: Wells: More Liquidity Issues in the Secondary Market http://blownmortgage.com/2008/04/26/wells-more-liquidity-issues-in-the-secondary-market/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: morganb http://blownmortgage.com/2008/04/26/wells-more-liquidity-issues-in-the-secondary-market/comment-page-1/#comment-12740 morganb Mon, 28 Apr 2008 22:28:02 +0000 http://blownmortgage.com/?p=1016#comment-12740 The comment wasn't directed at you JD - just occasionally I feel a little<br>exposed and breathe a sigh of relief when the loops close - I appreciate<br>your participation in this thread - it's made it far more valuable than the<br>original article!<br>Morgan The comment wasn't directed at you JD – just occasionally I feel a little
exposed and breathe a sigh of relief when the loops close – I appreciate
your participation in this thread – it's made it far more valuable than the
original article!
Morgan

]]> By: JD http://blownmortgage.com/2008/04/26/wells-more-liquidity-issues-in-the-secondary-market/comment-page-1/#comment-12739 JD Mon, 28 Apr 2008 21:48:39 +0000 http://blownmortgage.com/?p=1016#comment-12739 No one said you were. My only comment was the fact that this particular AE was going a little farther than I'm sure corporate would want them too.<br><br>I told you the information on the adjustor was correct. The internal e-mail was sent out last week notifying employees that it was coming. There were just no details. <br><br>Since the changes are all different, spread out over many program changes, there's no way to say what the adjuster would be. Depending on the particulars of the loan and/or program change, the adjuster could be different. Also, they could change depending on the market.<br><br>I think that it's a good thing, because the were letting files close under old parameters, possibly at a loss. No one said you were. My only comment was the fact that this particular AE was going a little farther than I'm sure corporate would want them too.

I told you the information on the adjustor was correct. The internal e-mail was sent out last week notifying employees that it was coming. There were just no details.

Since the changes are all different, spread out over many program changes, there's no way to say what the adjuster would be. Depending on the particulars of the loan and/or program change, the adjuster could be different. Also, they could change depending on the market.

I think that it's a good thing, because the were letting files close under old parameters, possibly at a loss.

]]> By: morganb http://blownmortgage.com/2008/04/26/wells-more-liquidity-issues-in-the-secondary-market/comment-page-1/#comment-12738 morganb Mon, 28 Apr 2008 21:23:03 +0000 http://blownmortgage.com/?p=1016#comment-12738 well it's nice to not look like a total jack-ass! :) well it's nice to not look like a total jack-ass! :)

]]> By: Tobby http://blownmortgage.com/2008/04/26/wells-more-liquidity-issues-in-the-secondary-market/comment-page-1/#comment-12737 Tobby Mon, 28 Apr 2008 20:09:12 +0000 http://blownmortgage.com/?p=1016#comment-12737 Looks like Wells struck today the 28th. 3%! Looks like Wells struck today the 28th. 3%!

]]> By: Tom Vanderwell http://blownmortgage.com/2008/04/26/wells-more-liquidity-issues-in-the-secondary-market/comment-page-1/#comment-12736 Tom Vanderwell Sun, 27 Apr 2008 23:30:18 +0000 http://blownmortgage.com/?p=1016#comment-12736 But, like going through necessary surgery, it's good for you, but it isn't without pain. But, like going through necessary surgery, it's good for you, but it isn't without pain.

]]> By: morganb http://blownmortgage.com/2008/04/26/wells-more-liquidity-issues-in-the-secondary-market/comment-page-1/#comment-12727 morganb Sun, 27 Apr 2008 21:39:03 +0000 http://blownmortgage.com/?p=1016#comment-12727 fair point & i agree w/you. fair point & i agree w/you.

]]> By: JD http://blownmortgage.com/2008/04/26/wells-more-liquidity-issues-in-the-secondary-market/comment-page-1/#comment-12726 JD Sun, 27 Apr 2008 21:25:51 +0000 http://blownmortgage.com/?p=1016#comment-12726 My point was that this article makes it sound like Wells is announcing this. They are not, one AE is. They are trouncing on the company My point was that this article makes it sound like Wells is announcing this. They are not, one AE is. They are trouncing on the company

]]> By: morganb http://blownmortgage.com/2008/04/26/wells-more-liquidity-issues-in-the-secondary-market/comment-page-1/#comment-12735 morganb Sun, 27 Apr 2008 19:16:03 +0000 http://blownmortgage.com/?p=1016#comment-12735 I agree that tighter lending standards are better for us all - industry,<br>homeowners, economy, taxpayers, etc. I agree that tighter lending standards are better for us all – industry,
homeowners, economy, taxpayers, etc.

]]> By: morganb http://blownmortgage.com/2008/04/26/wells-more-liquidity-issues-in-the-secondary-market/comment-page-1/#comment-12725 morganb Sun, 27 Apr 2008 19:15:03 +0000 http://blownmortgage.com/?p=1016#comment-12725 I would disagree - I think the actions of the people on the street are of<br>far more interest (and usually a much better indicator of the truth) than<br>the corporate pronouncements coming from the CEO or the PR department. I would disagree – I think the actions of the people on the street are of
far more interest (and usually a much better indicator of the truth) than
the corporate pronouncements coming from the CEO or the PR department.

]]> By: JD http://blownmortgage.com/2008/04/26/wells-more-liquidity-issues-in-the-secondary-market/comment-page-1/#comment-12734 JD Sun, 27 Apr 2008 19:14:38 +0000 http://blownmortgage.com/?p=1016#comment-12734 You are correct, and as an industry; we need this throw back to reality and more sound lending practices. You are correct, and as an industry; we need this throw back to reality and more sound lending practices.

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