Traditional Conforming 95% LTV Purchase Full Doc 417K Max 680 min. FICO (not affected by the declining market) Must receive Approved Eligible Min. FICO (what DU accepts) Max. LTV (what DU accepts) Property Type (what DU accepts) Max DTI (what DU accepts) Max Loan $417K EA Levels Accepted 1-2 Full
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06/30/2008
Market Outlook Monday, June 30, 2008 Price Trend: Positive Price Volatility: Very High Recommendation: Floating with an eye on the market _________________________________________________________________ Current Conditions: Today’s Economic Data (all times P
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06/30/2008
The Mayonnaise Jar and the 2 Beers When things in your life seem almost too much to handle, when 24 hours in a day are not enough, remember the story of the mayonnaise jar and the 2 Beers A professor stood before his philosophy class and had some items in front of him. When the class began
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06/27/2008
Market Outlook Friday, June 27, 2008 Price Trend: Positive Price Volatility: Very High Recommendation: Floating with an eye on the market _________________________________________________________________ Current Conditions: Today's Economic Data (all times PST
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06/27/2008
Market Outlook Thursday, June 26, 2008 Price Trend: Positive Price Volatility: Very High Recommendation: Floating but ready to lock _________________________________________________________________ Current Conditions: Today's Economic Data (all times PST) FNMA 6
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06/26/2008
Market Outlook Wednesday, June 25, 2008 Price Trend: Negative Price Volatility: Very High Recommendation: Floating with an eye on the market _________________________________________________________________ Current Conditions: Today's Economic Data (all
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06/25/2008
June 24 (Bloomberg) -- Three months after Fannie Mae and Freddie Mac won the freedom to step up home-loan purchases, the government-chartered mortgage-finance companies are doing what critics in the Federal Reserve and Congress had predicted. Instead of using powers granted by Congress to buy jum
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06/24/2008
Market Outlook Monday, June 23, 2008 7:50 AM Price Trend: Negative Price Volatility: High Recommendation: Cautiously Floating _________________________________________________________________ Current Conditions: Today's Economic Data (all times PST) FNMA 6.
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06/23/2008
• Months Home Inventory at 11 months sales in May is 1.5x the 1989 analog. Home Vacancy Rate is a record and 1.8x the 1989 analog. • And talk about a supply pipeline, Foreclosure Rates are already 3.4x the 1989 analog. Despite this, builders are still adding to supply, albeit at a decelerating ra
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06/23/2008
Price Trend: Positive Price Volatility: Very High Recommendation: Tentatively Floating with an eye on the market _________________________________________________________________ Current Conditions: Today's Economic Data (all times PST) FNMA 6.0 100-05 (+8)
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06/19/2008