Irwin wants to lend you money

Irwin Home Equity was one of the lenders originating the 125% loan-to-value home loans. Not surprisingly, they don't really do that anymore.

CNN carries the report of
Irwin's 3rd quarter results, and there's a hint of things to come in the transcript.

On the commercial side, we are seeing mixed results. Our commercial finance channel produced record quarterly income, with strong production and good credit quality. However, loan growth in our commercial banking segment, while stronger than earlier in the year, continues to be behind our targets.

I don't know about you, but I read this as basically meaning, "it's as good as it's ever been and we need it to be better."

Commercial lenders show signs of shoveling money out the door. Earlier tonight I saw Suzie Orman talking to women who'd purchased houses using negative amortization loans. Make sure you are working with someone who isn't going to let the ease of getting the money put you in a spot where you'll regret taking it.