Subprime Lenders?

[OregonLO]

I asked this question in Alt-A and prime loans so I thought I'd ask it here too. Who are your preferred Subprime lenders? For Springfield Oregon (http://www.worldwidemortgage.org) and Eugene Oregon (http://www.worldwidemortgage.org) mortgages I typically use First Franklin, Option One, for my clients with bad credit (http://www.loansbyrickgrand.com) or mortgage lates (http://www.loansbyrickgrand.com)....etc.

So who are your preferred? The companies I work with do some creative things. Nothing like 6-8 months ago but they still do a pretty good job but the rates have seemed to have gone up a bit.

[subprimealta]

I am my preferred subprime lender :)

Still, today, 5/26/2007

I can go up to 2x90 lates
low as 500 fico
maxed fico 90% full doc, 85% stated
less than 1 year foreclosure seasoning
1 day out of bankruptcy

CA/AZ/NV/HI/CO

[kandue]

Thats impressive subprimealta.

I haven't done any subprime deal yet, but our subprime investors are Option One and Desicion One. Form what I heard option one seem to be good on credit and ltv. good topic

[OregonLO]

Subprime its too bad you don't do any Mortgage lending in Oregon (http://www.worldwidemortage.org) or I could get my broker to sign up with you if you have something to offer that others do not and it sounds like you might have some great subprime products.

[carlel]

its hard to choose one since each borrower is given a different quote, most subprime lenders are a subsidiary of a big lender anyway.

[Massguru]

It used to be New Century and Argent but since Argent changed everything, I don't have a favorite. I'm still trying to figure out which ones will close my deals since everything is so different. I'm interested in knowing which ones any of you use. Thanks for the topic! -Don

[ARU]

There's a lender based out of Florida called Primequity, LLC. They still have some aggressive products including 100% full doc & 95% stated. You should check them out at PRIMEQUITY dot com. I only have 1 post so I'm spelling it out. :)