home possible: Lender and Lender guidlines update... trend or anomaly?
- 08/10/07 05:11 AM
Will it ever stop? Just got an e-mail forwarded to me from my branch manager. CitiMortgage just sent out some announcements. Nothing too out of the ordinary: Discontinued Programs: Alt-A Non-Agency NINA (No Income, No Assets) NIVA (No Income, Verified Assets)SISA restricted to primary residence and limited LTVMost of the changes were following suit to what everyone else was going - which was eliminating or dramatically modifying their Alt-A product line. Further, the pricing on Alt-A loans has just been horrible. However, the thing that really stuck out in my mind was that they were adding 100 basis points to the Home Possible Mortgage. Basically anything … (2 comments)
Generally speaking this blog will deal with mortgages and the mortgage market. As I am in Florida and only originate mortgages in Florida, that will be the main topic discussed.
Will it ever stop? Just got an e-mail forwarded to me from my branch manager. CitiMortgage just sent out some announcements. Nothing too out of the ordinary:;)
;)
