Private
Houston,#2UPDATE Employee
Tue, August 08, 2006
This report is completely inaccurate. This borrower was told and provided good faith estimates for a 1 lien loan. he then decided he wanted to liens, so one was provided, in accordance with his credit qualifications. he was approved and ready to go. His realtor who had no knowledge of the mortgage business gave him some information that was completely inaccurate. Mr. Bell and his loan officer did everything possible to accommodate this person and help him get into the house he picked and designed. It had nothing to do with race...his qualifications was based on credit. A truly educated buyer/borrower would know that a 2nd lien is always higher than the 1st with regards to the 2nd. the 6.37% applied to his 1st lien and the 9.87% applied to the 2nd. when the UAMC employees tried to explain this to him, he didn't want to hear it. They tried to help you!