My New Blog

Today you cannot read a newspaper or watch television without hearing about the mortgage industry. We hear daily about the tightening of the Subprime market, liquidity problems, issues with the rating of securities, decline of originations and the reaction of Wall Street and the stock market.

We are taking this opportunity to provide an update regarding our position and how we are managing through this environment. As industry veterans, we expected to see a correction in the market and remain optimistic that we will see a settling in the near future. Although painful, it’s the right thing needed to obtain the proper balance and correction to the industry.

As you are well aware, the liquidity of the Non-Agency products (Jumbo, Alt A, Home Equity and Subprime) has virtually dried up. As a result of this illiquidity, many Lenders have eliminated some, and in some cases, all of their products from their offerings, and many others have closed their doors.

By choosing an investor through Veridian Financial, you have the satisfaction of knowing that the security and success of your business, and/or your investment is our primary concern and that our company will remain stable through this market shift. We have based our culture on the characteristics of dependability and reliability and our leading position in the market is indicative of our reputation and your trust. We value your business and the opportunity to help you through these times.

We are truly at a historical crossroads in the mortgage industry. Even in the face of doubt, one thing remains certain, Veridian Financial is here for you today, and we will be here for you tomorrow.