by Tanta on 8/16/2007 07:21:00 AM

From the Washington Post, "Approved Home Loans No Longer Done Deals":

"What I'm telling people is that they should not shop around for the lowest rate necessarily," Binstock said. "Go with the lender who you think is going to be there in the end."

That's right, folks. No more of that "stated lender" folderol. Make 'em show you their balance sheet before you agree to accept whatever interest rate they're willing to quote.