ARCHIVED BLOG POSTS
2007
5
Comments
Effective for all new registrations, maximum financing LTV/CLTV will be reduced by 5% for any transactions where the property falls in a declining market. A property is considered to be in a declining market if: · DU findings return messaging stating that the property is in a declining market, O...
12/15/2007
Borrowers with FICO's under 680 will get hit with huge price adjustments.We can still honor the old pricing through 12/31/07.PLEASE URGE YOUR BORROWERS WITH WEAK CREDIT TO LOCK IN NOW! • In response to market conditions, Fannie Mae issued Announcement 07-16, implementing new loan-level pri...
12/14/2007
1
Comments
With this recent drop in rates. FHA customers can get a no-cost, non-qualifying, FHA refinance at approx 6.500%. These have really started to flood in, please remind your FHA customers that FHA Streamline Refi:* Are no cost, and no closing costs added to loan.* Do not require an appraisal, no wor...
12/11/2007
Rainmaker
118,963
118,963
Stephen Katz
Branch Manager, CMPS