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August 13, 2007 at 3:19 PM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74698August 13, 2007 at 3:19 PM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74703
Arraya
ParticipantAnyone else have any input regarding this rather large discrepancy in rates?
First SBH said he paid 1.5 points to get his 6.5%. That probably puts the actual “par” rate around 7.2-7.5%. You can always pay to bring down a rate.
Second, regarding the CW rate sheet. That is just a small portion of the programs they have availble. It looks to be a subprime rate sheet. Most likely only used for borrowers with lower credit. Though they have 700+ ficos listed on that rate sheet, most likely that credit range would use a different sheet.
From what I here from my broker freinds jumbos for people with good credit are starting in the low 7s now. Keep in mind just a few weeks ago they would be just a hair over prime rates which was about 6.5. So basically rates on jumbos have gone up .75 points and up depending on the exact situation in the past week.
August 13, 2007 at 12:50 PM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74468ParticipantBefore we finished locking, the rep told us it is better to come directly to the lender and not use brokers as their fees are astronomical.
Translation: Please do not take your business elsewhere this could possibly be the last loan I do for a long while….
August 13, 2007 at 12:50 PM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74587ParticipantBefore we finished locking, the rep told us it is better to come directly to the lender and not use brokers as their fees are astronomical.
Translation: Please do not take your business elsewhere this could possibly be the last loan I do for a long while….
August 13, 2007 at 12:50 PM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74592ParticipantBefore we finished locking, the rep told us it is better to come directly to the lender and not use brokers as their fees are astronomical.
Translation: Please do not take your business elsewhere this could possibly be the last loan I do for a long while….
August 13, 2007 at 11:48 AM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74407Participanthaha… Great analogy LA!
I think some of the eggs my be rotten too, time will tell they are analyizing the ingredients very closely now.
August 13, 2007 at 11:48 AM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74523Participanthaha… Great analogy LA!
I think some of the eggs my be rotten too, time will tell they are analyizing the ingredients very closely now.
August 13, 2007 at 11:48 AM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74529Participanthaha… Great analogy LA!
I think some of the eggs my be rotten too, time will tell they are analyizing the ingredients very closely now.
Participant“We price our foreclosed houses high, at full market value,” he said. “We don’t accept offers which come from speculators lowballing us. We’re not desperate, and I’m sure Countrywide is far from desperate.”
I just don’t get it? Didn’t CW just say it was having problems selling loans? Couple that with all the forclosures its got to be bogging them down.
Participant“We price our foreclosed houses high, at full market value,” he said. “We don’t accept offers which come from speculators lowballing us. We’re not desperate, and I’m sure Countrywide is far from desperate.”
I just don’t get it? Didn’t CW just say it was having problems selling loans? Couple that with all the forclosures its got to be bogging them down.
Participant“We price our foreclosed houses high, at full market value,” he said. “We don’t accept offers which come from speculators lowballing us. We’re not desperate, and I’m sure Countrywide is far from desperate.”
I just don’t get it? Didn’t CW just say it was having problems selling loans? Couple that with all the forclosures its got to be bogging them down.
August 11, 2007 at 3:53 PM in reply to: July Foreclosure and trend–huge impact on price in 6 months!? #73428ParticipantStanding inventory stalker…haha We should start a club! Oh, ya Rich already did…
August 11, 2007 at 3:53 PM in reply to: July Foreclosure and trend–huge impact on price in 6 months!? #73548ParticipantStanding inventory stalker…haha We should start a club! Oh, ya Rich already did…
August 11, 2007 at 3:53 PM in reply to: July Foreclosure and trend–huge impact on price in 6 months!? #73556ParticipantStanding inventory stalker…haha We should start a club! Oh, ya Rich already did…
August 11, 2007 at 3:06 PM in reply to: Bush addresses the nation on the economy and the stock market tanks. Irony #73392Participant“I expressed neither preference nor affilitation toward any type of political/social group, party, organization. But you start tossing out labels when there isn’t really anywhere to be tossing them.”
Oh please!
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