Special offer

Freddie Mac's Price Hits are Ready to take affect!

By
Mortgage and Lending with Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 NMLS ID# 158606

Hate to make this a boring post, but it is, in the very least an informative post.  Note, now that their will be huge pricing hits for some loans.  Up to three points!  Yes, that's three and in 3.0% of the loan amount. 

The price adjustment grid is at:  https://www.efanniemae.com/sf/refmaterials/llpa/pdf/llpamatrix.pdf

Unfortunately, Fannie will likely follow, but realtors as well as lenders need to be prepped.  I'm looking for investors to start making their announcments later this week.  Wait for the dust to settle before we see how it affects the consumers, and invariably, the markets.

Posted by

If you choose, you can find me here:

          Follow The Twittering Tweets on Twitter        Follow Bettag's Blabs on Facebook        Google Me If You'd Like        Follow Me On Linked In

 

Cherry Creek Mortgage Company       Path 2 Buy Certified Coach Follow me on Pinterest                 

                      NMLS ID#158606          Equal Housing Logo     An Illinois Residential Mortgage Licensee

 

Comments (1)

Bill Burchard
3B Realty: 951-347-3818, CA - Murrieta, CA
Broker, Realtor, Representing Buyers and Sellers

Wow! Up to three points?!! That’s huge! Thanks for sharing the info, Larry.

Dec 30, 2010 06:10 AM