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  • January 16, 2009 at 11:02 PM #14855
    HLS
    Participant

    Effective Tuesday, January 20th there will be changes to conventional price adjustments.

    There are changes to the cashout adjustments, the LTV & credit score risk based pricing adjustments, and a new hit for condos. Condo loans with less than 25% equity will cost .75% more than a house.

    I cannot figure out how to post the matrix table for these pricing adjustments, but will email it to anybody who wants to see it.

    Everybody who offers FNMA loans will have these adjustments…

    Some of the spreads are huge.
    For example, on an 80% loan, a borrower with a 659 credit score will have to pay 3% of the loan amount at origination to get the same rate as a borrower with a 740+ score OR take a much higher interest rate. That’s a $12,000 spread on a $400K loan. OUCH!

    Taking cash out now has larger pricing hits as well.

    Just shoot me an email [email protected]

    January 17, 2009 at 2:37 PM #330593
    AK
    Participant

    OK, there goes the downtown condo market again.

    January 17, 2009 at 2:37 PM #330929
    AK
    Participant

    OK, there goes the downtown condo market again.

    January 17, 2009 at 2:37 PM #331007
    AK
    Participant

    OK, there goes the downtown condo market again.

    January 17, 2009 at 2:37 PM #331033
    AK
    Participant

    OK, there goes the downtown condo market again.

    January 17, 2009 at 2:37 PM #331117
    AK
    Participant

    OK, there goes the downtown condo market again.

    January 17, 2009 at 4:30 PM #330613
    PadreBrian
    Participant

    It was already dead…can’t kill a zombie. 12k will come off the sale price, so yeah, down down downtown.

    January 17, 2009 at 4:30 PM #330949
    PadreBrian
    Participant

    It was already dead…can’t kill a zombie. 12k will come off the sale price, so yeah, down down downtown.

    January 17, 2009 at 4:30 PM #331027
    PadreBrian
    Participant

    It was already dead…can’t kill a zombie. 12k will come off the sale price, so yeah, down down downtown.

    January 17, 2009 at 4:30 PM #331053
    PadreBrian
    Participant

    It was already dead…can’t kill a zombie. 12k will come off the sale price, so yeah, down down downtown.

    January 17, 2009 at 4:30 PM #331136
    PadreBrian
    Participant

    It was already dead…can’t kill a zombie. 12k will come off the sale price, so yeah, down down downtown.

    January 17, 2009 at 5:43 PM #330633
    Mayer
    Participant

    “I cannot figure out how to post the matrix table for these pricing adjustments, but will email it to anybody who wants to see it.”

    HLS, perhaps you could upload it to a file sharing website such as http://www.rapidshare.com/ or megaupload and provide the link here?

    Just a suggestion. Thanks for the news/information though.

    January 17, 2009 at 5:43 PM #330970
    Mayer
    Participant

    “I cannot figure out how to post the matrix table for these pricing adjustments, but will email it to anybody who wants to see it.”

    HLS, perhaps you could upload it to a file sharing website such as http://www.rapidshare.com/ or megaupload and provide the link here?

    Just a suggestion. Thanks for the news/information though.

    January 17, 2009 at 5:43 PM #331047
    Mayer
    Participant

    “I cannot figure out how to post the matrix table for these pricing adjustments, but will email it to anybody who wants to see it.”

    HLS, perhaps you could upload it to a file sharing website such as http://www.rapidshare.com/ or megaupload and provide the link here?

    Just a suggestion. Thanks for the news/information though.

    January 17, 2009 at 5:43 PM #331073
    Mayer
    Participant

    “I cannot figure out how to post the matrix table for these pricing adjustments, but will email it to anybody who wants to see it.”

    HLS, perhaps you could upload it to a file sharing website such as http://www.rapidshare.com/ or megaupload and provide the link here?

    Just a suggestion. Thanks for the news/information though.

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