[ADiamond]

We have noticed rates and terms slowly tightening up over the last 6 months. It's important to note that when one of the large lenders raises rates, changes commissions, adds origination fees, shortens terms, etc they are doing so because they have to. It is a calculated decision which includes consideration that it makes them less competitive in the marketplace. After all, this business is about profitability which on the lending side is determined by how much yield outweighs risk. If you are losing money on transactions you can't make it up with volume. I expect to see rates rise and some features disappear as our market/industry begins to correct itself after a few years of over ambitious lenders making poor underwriting decisions in order to gain market share.

so what i heard a few weeks ago about some of the top A lenders in this industry having their LOC's chopped is probably true then huh?

who is CAN backed by? whoever controls the money controls decisions like these.