Yesterday I was approved............Today I am declinedBy Michael Mapes, The Responsible Mortgage LenderIf the mortgage lending business was a car then quite frankly ever lender would be in court explaining the speed at which changes have occurred.  Once borrowers lined up at the lenders door wanting ever kind of loan and loan product the lender had to offer.  Cash out refinance, no problem, 100% -104% financing no problem, marginal credit no problem, little cash in the bank, no problem.  Fact is lenders found ever which way to provide loans to people who wanted them.Alas, Then the Bubble BurstIn November of 2006 the music to the dance started to skip a beat.  These loans lenders had been serving up began to default and investors who had provided the capital woke up as the party was end... 11/20/2007

Riverwalk Townes in Yorktown, Va from the $250's Introducing Riverwalk Townes, a new townhome community located 1.5 mi. from Riverwalk Landing and minutes to Historic Yorktown, Va.! Riverwalk Townes will include 196 homes offering maintenance-free living in a planned community with amenities. Enjoy a community pool, clubhouse, and miles of walking and jogging trails.Enjoy townhomes offering 3 bedrooms, 2 1/2 baths, 1-car garage, and 1,400-2,200 square feet of finished living space.For additional Info contact John Womeldorf/ Liz Moore & Associates757 254 8136 PhoneJohn@MrWilliamsburg.com Emailwww.MrWilliamsburg.com  Search Williamsburg Va Real Estate for salewww.MrHamptonRoads.com  Search Hampton Roads, Va Real Estate for sale.www.MrTidewater.com/  Search Tidewater, Va. Real Estate for s... 06/11/2007