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High origination fees     22-Oct-09 03:07 pm    
Southern Community is so cash-starved that they are walking away from good mortgage opportunities.
They are charging 2.75 percent origination fees on home mortgages.
http://banktalk.org/2009/10/22/high-mort...
The market right now is all about first-time homebuyers. This makes sure that those first-time buyers will take their business somewhere else.
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rustphoto

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Durham, Nor...

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High origination fees
rustphoto Not rated 22-Oct-09 03:07 pm  
 
Re: High origination fees
You're wrong about that. The only time 2.75 origi...
sweetteddy_... Rate it 3-Nov-09 07:40 am  
 
Re: High origination fees
Sweetteddy...we just hit a 52 week low. What ...
marifry Rate it 12-Nov-09 04:39 pm  
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Southern Community Financial Corp. (SCMF)

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On Dec 24: 2.446 Down 0.054 (2.16%)
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