Arlyn Mendoza

I think that this return to traditional lending feels a little like a hangover after the all night party for some people. I had always tried to steer my clients away from the negative am loans and all the other crazy programs that were on the market. My experience was that some buyers couldn't be dissuaded. They had to have it! I lost many deals to unscrupulous mortgage brokers and realtors who persistently drove the buyers to these products. I could not in good conscience play that game. It is a hollow feeling of vindication knowing that one was right, while the house is burning down around you! However, those of us that have been in the business for longer than 5 yrs recognize the cyclical nature of the business and we know that business will still get done, buyers will still buy and seller's will still sell. I am all for going back to the traditional lending and Hurray for FHA!!! The hybrid programs will come back slowly and in a more conservative fashion and I plan to be around to see this market right itself again! Arlyn Mendoza HomeServices Lending miami, Fl www.arlynmendoza.com