New Home Sales Drop, State Guide Update For Mortgage Brokers
04/24/2008
More bad news for mortgage brokers and bankers as The Commerce Department reported today that new homes sales dropped 8.5% last month, representing the lowest level (slowest pace) in over 16 years. On top of this came news that the median price of new home sales dropped by the largest amount in almost 4 decades, the [...]
Existing Home Sales Fall 2% in March, Pricing also Falls. Mortgage Broker Guide Update.
04/22/2008
The median price homes sold in March dropped to $200,700, a decline of 7.7% from the median price in March 2007. The National Association of Realtors revealed today that sales of existing single-family homes (including condos) also dropped 2%.
Bryant Surety Bonds also wants to make mortgage brokers aware that additional states have been added to [...]
Our application for those with bad credit is now completely online. This application allows us to give you quotes and approvals instantly. For those who have already applied, login to your account to see the status of your bond, or to apply for any additional bonds you may need.
Bonding companies do not operate like insurance companies; where an insurance company assumes a certain amount of claims on their policies, the surety bond industry assumes a 0% loss ratio. With such strict guidelines, only those with good credit (at least a score of 650, often times higher is required), and a clean history (no bankruptcies, tax liens) are approved. For those who do not meet those criteria we are happy to announce an alternative
For those with questionable credit, or new businesses with no credit history Bryant Surety Bonds offers a Bad Credit program that enables you to keep working.
Our program charges slightly higher rates then standard bonds, and on top of these rates a small percentage of cash collateral is required to supplement the risk. We understand that no one likes to pay higher rates; this program will enable you to continue to produce instead of being out of work.
Please note: This program works for Commercial Bonds only. Contract bonds (including Performance Bonds) are not available through this program.
