Name With Held
(This was also edited to eliminate any

identity to the sender who did not want to be named for

obvious reasons. )

“We protect brokers who are still active with us, but to h**l with the rest.

Don’t print my name, or else.”

 “With this economy, we are seeing more brokers trying to put through

deals they would not in past, or add points because the lease applications are so far

and in between, that loses they deal because it is too high, “ he explained.

“ Some are desperate.”

“We just told one broker not to send us any more business. His operation submitted

thirty-five deals, forty-five percent of them were approved, but only one was funded.

Terrible.  Some were top credits, but he wanted to put seven points on some good

medical deals and lost them to others.

“While our application rate has been high, the approval ratio is much lower,

and the signed ratio is even worse.  It’s the state of the economy..

“We stand behind our broker business, but the quality is down, and anyone

else telling you different, is lying. “