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montgomery county: 100% Financing
- 08/15/08 02:37 AM
Over the last few weeks and months, the mortgage industry has experienced significant changes. Guidelines have changed, MI companies have tightened their belts, FHA has posted price adjustments to their upfront and annual MI premiums based on LTV and credit score, and Fannie Mae/Freddie Mac have loan level price adjustments for credit score and LTV. I jokingly say (but there's a legitimate amount of truth to my comments) that we're working 3 times as hard to close the same amount of loans as we did 2 years ago. The sub-prime market is gone (thank goodness) and the 100% financing that was available … (4 comments)
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Over the last few weeks and months, the mortgage industry has experienced significant changes. Guidelines have changed, MI companies have tightened their belts, FHA has posted price adjustments to their upfront and annual MI premiums based on LTV and credit score, and Fannie Mae/Freddie Mac have loan level price adjustments for credit score and LTV. I jokingly say (but there's a legitimate amount of truth to my comments) that we're working 3 times as hard to close the same amount of loans as we did 2 years ago. The sub-prime market is gone (thank goodness) and the 100% financing that was available … (4 comments)
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