Mortgage Blog

On Tuesday I get this letter  http://ml-implode.com/info/Wilmington.pdf which meant that Wilmington Finance, the last Sub Prime lender we still sent loans through, was out of business.  We haven't sent any loans through them for a few months now, but they did still offer products up to 95% Loan to Value with no mortgage insurance, so every once in a while their product was better than FHA or Conventional.  I truly was wondering how they were hanging on so long, and then they finally went under.  I'll miss Patricia Kreutzer as a Rep, she was good.

On another note, it has rained here constantly, so we still only have around 150 acres of wheat cut.  Hopefully we'll be back in the field by Saturday.

Have a good weekend...

Colby