Mike Leen's (mikeleen) Blog

Back in the "good ole days," we were able to use rebate pricing in order to do NO COST refinances for our clients. We took clients down from a 7% interest rate to a 6.5% interest at NO COST! We then took clients down from 6.5% to 6% also at NO COST! We were able to make money while our clients sa...

The Subprime Mortgage debacle has worsened. Subprime mortgage companies are in the midst of a true crisis! More than half of the top 25 mortgage companies from 2006 have either reported serious losses, been sold off to other companies or have filed for bankruptcy! This has not only negatively imp...