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.
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