conventional loan rate adjustments: Fannie Mae to Significantly Increase Loan Level Price (Rate) Adjustments - 01/15/09 06:14 AM
Ever since it became public knowledge that Fannie Mae was in financial trouble, the agency has implimented "Loan Level Price Adjustments", which are basically add-ons to the rates, based on credit score, LTV ratio, CLTV ratio, loan purpose and also property type. 
On December 29, 2008, Fannie Mae announced they will be raising these adjustments yet again, starting on all loans purchased by the agency after April 1, 2009.  Basically that means that each individual lender will have to decide when to implement these changes so they can make sure they have enough time to complete the sale to Fannie Mae.  … (0 comments)

 
John Jones (Briggs Freeman Sotheby's International Realty)

John Jones

Dallas, TX

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Briggs Freeman Sotheby's International Realty

Address: 5706 E. Mockingbird Lane Suite 210, Dallas, TX, 75206

Mobile: (972) 978-3553

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