some subprime lenders raising the bar to 540 FICO

[promortplanner]

People's choice a subprime lender just recently raised the qualifying ficos to 540 dropping everything below the 540 fico mark. Anyone else out there experiencing their subprime lenders raising the bar to 540.

[punani]

bb, I’ve been saying exactly the same thing for better than two years. Although I think we’ll see parts of FSL folded into CMD in the next few months, the third floor is really dragging their feet on any meaningful restructuring. Counting paper clips still seems more attractive to them. I’m convinced that they’re too rich to care (think about it - Dave Sambol, a graduate of Cal State Northridge, now has scores of millions, maybe even nine figures, to his name… that’s WAY more money than he ever dreamed of making, so why should he care a rat’s ass what happens now?) and they’re really just waiting for the suitor to arrive.