2009-02-27 — ml-implode.com
In an email to Brokers and Correspondents today, Flagstar has announced they will no longer accept "4th Party Originations" through their wholesale channel. What that means, specifically, is "super-brokers" (correspondents) who themselves fund and sell TPO (third-party) paper will no longer be able to sell those loans to Flagstar.
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mortgagemess at 03:10 2009-02-28 said:
The tsunami is coming.... Permalinkadd a comment | go to forum thread
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