Posted On: 07/11/2015 7:02:30 PM
Post# of 273308
Century Financial Mi (CYFL) 14.1500 $CYFL
Liquidity Crisis Affects Lenders, But Not Necessarily Borrowers, Says Mortgage Planner Billy Manders
EWorldWire - Fri Aug 17, 7:40AM CDT
The liquidity crisis that resulted in the recent failure of a number of lenders, including American Home Mortgage Investment Corp. and New Century Financial Corp., has not only shaken confidence in the mortgage industry, but has also left many homeowners wondering how to take the safe road when securing a mortgage loan. While liquidity issues can be detrimental to lenders, they don't have to impact individual borrowers, as long as borrowers know what to look for when selecting a mortgage professional.
Liquidity Crisis Affects Lenders, But Not Necessarily Borrowers, Says Mortgage Planner Billy Manders
EWorldWire - Fri Aug 17, 7:40AM CDT
The liquidity crisis that resulted in the recent failure of a number of lenders, including American Home Mortgage Investment Corp. and New Century Financial Corp., has not only shaken confidence in the mortgage industry, but has also left many homeowners wondering how to take the safe road when securing a mortgage loan. While liquidity issues can be detrimental to lenders, they don't have to impact individual borrowers, as long as borrowers know what to look for when selecting a mortgage professional.
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