If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Wells Fargo continues to show its disdain for jumbo loans originated by brokers by putting in another excessive fee hike for all jumbo loans originated by brokers. The interesting thing about the fee hike is the LTV range is between 80-90% which show an increased sensitivity to the declining home prices seen around the country.
From [my] Wells Fargo [rep]:
Jumbo loans with a cltv between 80.01% - 89.99%
Pricing adjuster is going from .500 to 1.500 to the fee
You have until 5pm today to lock at the lower fee
What do you think?
Last 3 posts by Morgan
- Gaming Home Values and Their Consequences - January 7th, 2009
- What We're Reading 1/4/09 - January 4th, 2009
- What We're Reading 1/3/09 - January 3rd, 2009
Add New Comment
Thanks. Your comment is awaiting approval by a moderator.
Do you already have an account? Log in and claim this comment.
Add New Comment
Trackbacks
(Trackback URL)