C'ntrywide stops subprime loans...

Discussion in 'Credit Talk' started by marci, Feb 13, 2003.

  1. marci

    marci Well-Known Member

  2. Mallemall

    Mallemall Member

    There are MANY other lenders pulling out of Georgia as well. So many, in fact, the company I work (I am a mortgage broker) for has layed off all Loan officers in Georgia because the lenders investors aren't buying loans there anymore. That new law they passed must be really strict for so many lenders to give up on an entire state!


    Mallemall
     
  3. keepmine

    keepmine Well-Known Member

    Marci,

    They're not going to be the only ones. Ga. has a real mess on their hands. Check out the business section of www.ajc.com
     
  4. Mallemall

    Mallemall Member

    There are MANY other lenders pulling out of Georgia as well. So many, in fact, the company I work (I am a mortgage broker) for has layed off all Loan officers in Georgia because the lenders investors aren't buying loans there anymore. That new law they passed must be really strict for so many lenders to give up on an entire state!


    Mallemall
     
  5. marci

    marci Well-Known Member

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