Working Twice as Hard for Half as Much; FOMC update; HAMP MBS Pools; Multifamily Lending
Posted To:Pipeline Press
Earlier this week, the country's first marijuana cafe opened up, which not only sells medical marijuana, but also has a restaurant where customers can eat. In a related story, the recession is over! Whoever wants a 4.50% 30-yr fixed rate conforming loan with a point back to cover closing costs , raise your hand! Well, we're just about there. Fannie 4% securities are shuffling around 99 or 100, and when you throw some servicing-released premiums on the price, you're easily above par. And who wouldn't want to own this servicing? Even I am thinking about refinancing, and I don't even own a place! Seriously, heck, I have a 7-yr ARM that closed in 2003 at 4.75% (so it starts adjusting next year) that I am thinking about refinancing. Given the 30% LTV maybe I can even find an…(read more)
This mortgage update is brought to you by: Rob Chrisman – You can read the full article at Working Twice as Hard for Half as Much; FOMC update; HAMP MBS Pools; Multifamily Lending
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