New Fannie and not from Plastic Surgery
Even though the effective date is April 1, 2009. There must be something going on for April Fools Day, like why are these guys still around and hte joke is on us. But, mortgage applicants will start seeing Fannie Mae’s new fee structure (is you are going to take it in the shorts) from lenders [...]
4.5% Seriously, yes, I am serious
A couple of weeks ago, when I first heard of this so-called idea for the treasury to buy Mortgage Backed Securities to drop the rate. I was unsure what to think of it, but as my phone starts to ring more and more. I am liking it. We are not there yet to 4.5% interest [...]
Short Cuts Equal Short Checks
Short cuts Equal short checks I used to work with a guy whose motto was “Short cuts equal short checks”, and he would recite that to us on a daily basis. Whenever, we had the urge to maybe try to get around something. He would magically appear at our door and announce, “short cuts equal [...]
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