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For some this is a very good thing, Bank of America offers good loans with low fees because it is all done "in house".
Who is this bad for? Those with lower credit scores for one, but that doesn't hurt me. What makes this transaction bad for me is the business I am going to loose as a mobile notary.
Most of the loan signings I am contracted out to supervise and notarize are Countrywide loans. I depend upon these jobs to put food on the table and buy those little "extras" Miss Thang would like. Some months are good, money is left in the bank at the end of the month to roll over until the next, other months I'm shopping out of my mom's pantry and having to explain to a 9 year old that Doritos and her favorite Bolthouse Farm Apple Carrot juice are luxuries, lol!
So cross your fingers for me folks! I'm a 5 star rated notary with the signing companies I am contracted by, so if you know any local title or...
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