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Letter "B" » Bob Moulton Quotes
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«A lot of lenders are sending out letters stating that they are going to start accepting loans at higher loan limits well ahead of the Fannie Mae announcement.»
Author: Bob Moulton
«Before banks wanted to see three comparable sales. Now lenders are asking for a fourth and a fifth comparable.»
Author: Bob Moulton
«One great [last-minute problem] is when the borrower applies for mortgage and changes job in the middle of the application ? and they don't tell us. We have to get a letter of employment or contract or pay stub to prove he's working at new job, and that can delay processing.»
Author: Bob Moulton
«We also see consumer confidence down a little bit. Houses are on the market a little longer. We're not seeing a softness in prices just yet. That could be the first sign that we do see where the housing market could be cooling down.»
Author: Bob Moulton
«Monday morning is usually my busiest time. I've had only a half dozen applications today.»
Author: Bob Moulton
«I think people who were trying to get into investment properties and trying to flip them won't see those financial advantages with the short-term rates being higher than the long-term rates.»
Author: Bob Moulton
«What I do for people is I look at the weighted average of what their mortgage rate is.»
Author: Bob Moulton
«I'm seeing some gradual softening of about 5 percent in real estate prices so far this year, but nothing precipitous that would indicate a bubble exists.»
Author: Bob Moulton
«If sales prices come down a little bit, it will open the doors for more buyers to come into the housing market.»
Author: Bob Moulton
«I think they're probably going to do one more at the next meeting for another quarter per cent because they think that inflationary figures are still running a little higher than they would like.»
Author: Bob Moulton
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