Ken Horst's (khorst) Blog

Oh the difference a few months can make. I am currently sitting with 3 loans on my desk that only 3 months ago would have been closed and funded in two weeks or less. Today I'm not sure if I will be able to find any lender who will take them. Here is a couple examples of what I'm talking about;On...

In case you haven't been watching the markets last week and yesterday, major sub-prime lenders are suffering and dying at an alarming rate of speed.  D1, a subsidiary of HSBC reported writing off $10.6 billion in bad sub-prime loans in 2006.  New Century, which is one of the top 5 sub-prime lende...