Comments on: Wells Fargo Mortgage Company Told Me To Lie http://repupil.com/posts/70 Things your agent will never tell you. Thu, 20 Nov 2008 18:37:58 +0000 http://wordpress.org/?v=2.1.1 By: Gregg http://repupil.com/posts/70#comment-953 Gregg Fri, 30 Mar 2007 07:10:16 +0000 http://repupil.com/posts/70#comment-953 This is exactly why a lot of the commentors are off base in the last post. People don't understand that Casey wasn't stealing from the mortgage company. The mortgage companies expect people to lie when they do stated income. You know it - they TOLD you to lie. That's why, like I commented in the last post, people are charged a higher rate for stated income. The mortgage companies don't actually believe they are making as much as they state. This is exactly why a lot of the commentors are off base in the last post. People don’t understand that Casey wasn’t stealing from the mortgage company. The mortgage companies expect people to lie when they do stated income. You know it - they TOLD you to lie. That’s why, like I commented in the last post, people are charged a higher rate for stated income. The mortgage companies don’t actually believe they are making as much as they state.

]]> By: admin http://repupil.com/posts/70#comment-1640 admin Wed, 11 Apr 2007 01:45:38 +0000 http://repupil.com/posts/70#comment-1640 I completely agree Gregg. If the mortgage company believed the stated income claim, they wouldn't be charging such a premium for the sub-prime loan. I completely agree Gregg. If the mortgage company believed the stated income claim, they wouldn’t be charging such a premium for the sub-prime loan.

]]> By: Wells Fargo Mortgage - All About Wells Fargo Reviews & Ratings (Mortgage Quote) http://repupil.com/posts/70#comment-2322 Wells Fargo Mortgage - All About Wells Fargo Reviews & Ratings (Mortgage Quote) Wed, 25 Apr 2007 05:06:12 +0000 http://repupil.com/posts/70#comment-2322 [...] Realty Pupil - Exposing Real Estate Blog Archive Wells Fargo Wells Fargo Mortgage Company Told Me To Lie. 03.24.2007 | 3:23 am | Financing. Tell us you make a million . Drawing from some of yesterday s discussion regarding whether or not Casey Serin is [...] […] Realty Pupil - Exposing Real Estate Blog Archive Wells Fargo Wells Fargo Mortgage Company Told Me To Lie. 03.24.2007 | 3:23 am | Financing. Tell us you make a million . Drawing from some of yesterday s discussion regarding whether or not Casey Serin is […]

]]> By: OneOfTheLurkerz http://repupil.com/posts/70#comment-4515 OneOfTheLurkerz Wed, 04 Jul 2007 01:51:08 +0000 http://repupil.com/posts/70#comment-4515 Nice try, but Casey already admitted that he couldn't care less what % his loans were. He bought a few houses hoping for a quick flip, and when that didn't pan out, he acquired more for the sole purpose of getting cashback to float the existing properties. The kid is a crook and was hoping for a quick buck. Predatory lending had nothing to do with it. Nice try, but Casey already admitted that he couldn’t care less what % his loans were. He bought a few houses hoping for a quick flip, and when that didn’t pan out, he acquired more for the sole purpose of getting cashback to float the existing properties. The kid is a crook and was hoping for a quick buck. Predatory lending had nothing to do with it.

]]> By: Shamu http://repupil.com/posts/70#comment-4518 Shamu Wed, 04 Jul 2007 05:07:52 +0000 http://repupil.com/posts/70#comment-4518 First of all, you were probably quoted different rates based on different programs. You have to caompare apples to apples. Second, if you need 100% financing, you cannot afford it. I don't care what you claim your income is, if you can afford the property, ante up at least 20% to show good faith. Besides, you will get a better rate if you do. Lenders that provide 100% loans are desperate fools. Seek out another lender. Third,I don't think you have a clue what you are talking about in terms of the loan officer's compensation. For instance, you claim "He was deliberately lying in an attempt to get his commission." Can you prove that a bank with a Federal Charter, such as Well Fargo, or BofA, is paying commissions to lending officers? I think not. First of all, you were probably quoted different rates based on different programs. You have to caompare apples to apples.

Second, if you need 100% financing, you cannot afford it. I don’t care what you claim your income is, if you can afford the property, ante up at least 20% to show good faith. Besides, you will get a better rate if you do. Lenders that provide 100% loans are desperate fools. Seek out another lender.

Third,I don’t think you have a clue what you are talking about in terms of the loan officer’s compensation. For instance, you claim “He was deliberately lying in an attempt to get his commission.” Can you prove that a bank with a Federal Charter, such as Well Fargo, or BofA, is paying commissions to lending officers? I think not.

]]> By: Gina http://repupil.com/posts/70#comment-5919 Gina Wed, 25 Jul 2007 05:18:44 +0000 http://repupil.com/posts/70#comment-5919 You are clue less of course loan officer's earn commission. They get a draw not a salary and if you don't cover your draw you are in the hole and get let go! Plus there are layers of people that get a cut from the loan officer's commission. You have a divisional manager an area manager, a sales manager a branch manager and the loan officer that get a cut from the commission. Welcome to reality! You are clue less of course loan officer’s earn commission. They get a draw not a salary and if you don’t cover your draw you are in the hole and get let go! Plus there are layers of people that get a cut from the loan officer’s commission. You have a divisional manager an area manager, a sales manager a branch manager and the loan officer that get a cut from the commission. Welcome to reality!

]]> By: Wells Fargo Home Mortgage. 240 American Legion Blvd. (Mortgage Quote) http://repupil.com/posts/70#comment-8216 Wells Fargo Home Mortgage. 240 American Legion Blvd. (Mortgage Quote) Sun, 30 Sep 2007 15:06:08 +0000 http://repupil.com/posts/70#comment-8216 [...] Free Online Real Estate School - Learn Utah and National Real Estate … … Real Estate Blog Archive Wells Fargo Wells Fargo Mortgage Company Told Me To Lie. … Pingback by Wells Fargo Mortgage - All About Wells Fargo Reviews & Ratings … [...] […] Free Online Real Estate School - Learn Utah and National Real Estate … … Real Estate Blog Archive Wells Fargo Wells Fargo Mortgage Company Told Me To Lie. … Pingback by Wells Fargo Mortgage - All About Wells Fargo Reviews & Ratings … […]

]]> By: Wells Fargo Mortgage Limits Lending | Mortgage Checking Account http://repupil.com/posts/70#comment-8292 Wells Fargo Mortgage Limits Lending | Mortgage Checking Account Thu, 04 Oct 2007 07:06:12 +0000 http://repupil.com/posts/70#comment-8292 [...] Fargo Mortgage, the nation’s second largest mortgage company, and one with a spotty past, has announced that they will no longer be permitting third-party brokers to issue subprime [...] […] Fargo Mortgage, the nation’s second largest mortgage company, and one with a spotty past, has announced that they will no longer be permitting third-party brokers to issue subprime […]

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