fhlmc: 100 Percent Financing to 580 still available at decent rates in California
- 03/04/08 07:53 AM
A lot of people are aware of the CalHFA program, which provides 100% financing for first time home buyers (or those who have not owned for at least three years) for those who can go full doc and have a 620 fico (soo to be bumped to 680). And a lot of people are aware of FHA financing, which can do 97% Purchase financing without regard to FICO score. What a lot of people are not aware of is that there are some "silent second" programs available from CalHFA that can go behind an FHA loan (up to 3%), which then allows … (1 comments)
fhlmc: Best Mortgage and Interest Rate Search Site- SEO focused spidey food
- 03/04/08 03:48 AM
For Low Interest Rate FHA Mortgages. For Low Interest Rate VA Mortgages. For Low Interest Rate Conforming Mortgages. For Low Interest Rate FNMA Mortgages. For Low Interest Rate Freddie Mac Mortgages. For Low Interest Rate Fannie Mae Mortgages. For Low Interest Rate Conventional Mortgages. For Low Interest Rate CalHFA Mortgages. For Low Interest Rate California Housing Finance Administration Mortgages. … (2 comments)
fhlmc: Another ALT-A lender pulls back-- THE ALT- A lender
- 08/02/07 12:12 PM
I got the following from IndyMac (the number 1 Alt-A lender in the nation) today: "Dear Valued Customer,As you are all well aware, the secondary markets are currently very volatile, and, in fact, other than the GSEs and Ginnie Mae, there is virtually no secondary market liquidity at present. While Indymac has very strong capital and liquidity, we need to adapt to current market conditions and be very careful with the loans we are funding.As a result, we, along with most other major mortgage lenders, need to make additional product cutbacks and implement additional price widening in order to ensure we can sell … (0 comments)
fhlmc: The Secondary Mortgage Market is Simply GONE
- 08/02/07 11:53 AM
I got an email the other day from a friend who is an insider at one of the large, LARGE banks. "Merrill, Bear, Lehman, DB etc are having most, if not all, warehouse lines issued to middle market mortgage bankers completely terminated or forced to give up haircuts to the tune of 30-50%. Anyone who is NOT a bank lending depositors money and relies on warehouse capacity are being called in this week. The securitization party is over. The Wall St Banks/Conduits do not want any more new paper from their originators. They never wanted 30 yr fixed jumbo loans at 7% … (10 comments)
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A lot of people are aware of the CalHFA program, which provides 100% financing for first time home buyers (or those who have not owned for at least three years) for those who can go full doc and have a 620 fico (soo to be bumped to 680). And a lot of people are aware of FHA financing, which can do 97% Purchase financing without regard to FICO score. What a lot of people are not aware of is that there are some "silent second" programs available from CalHFA that can go behind an FHA loan (up to 3%), which then allows … (1 comments)
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