Largest Mortgage Companies

Vernon Said:

When do you think the mortgage crisis will reach its apex?

We Answered:

BOTH. it's so distressing cause I bought my house a year and a half ago and now the market dropped and it's worth 30 thousand less (all the money i saved to put into a down payment is gone) but when I signed my contract, i KNEW what it meant. i KNOW i have a 7/1 year ARM, i KNOW that after 7 years my payment will more than likely go UP UP UP. I know what I can afford, and i figured i'd be out of here in seven years (now im scared, haha) but those that had a 2/1 or a 3/1 arm at an insanely low interest rate, what were you thinking? i blame the lenders for probably telling people what they want to hear, but i also blame consumers for not being smart enough to grasp what the hell was going to happen...

Dustin Said:

What is a "Corporate Assignment of Mortgage"?

We Answered:

it means they sold it to another bank and "assigned" the mortgage (and the note) to the new bank. happens all the time.

Lucille Said:

What is the phone number for the REO manager for countrywide mortgage?

We Answered:

me too.

Julio Said:

What are names of Major Mortgage/ Home Loan business?

We Answered:

Most banks have a mortgage division, so check where you bank. Wachovia, Bank of America, BB&T, SunTrust, etc. all have mortgage divisions. Countrywide and GMAC are two large mortgage lenders as well. Good luck!

Tanya Said:

What is the Largest Mortgage Company in the US and Who has the best reputation for being honest?

We Answered:

Please stay away from spammers here in this thread..... One of them claims to not work for the largest, but is honest. He's a joke... a shark.... and is very unscrupulous. Stay with a local mortgage banker and don't worry about being with the "biggest".

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