Posted To: Pipeline Press

I hope that Google never shuts down. I know six, maybe seven, things. I know that the President’s plane was delayed seven hours this morning due to cicadas. Another thing I know is that Freddie spelled out its graduated cap on non-owner and 2 nd homes. I also know that rumors are now swirling that Fannie has sent out letters to selected lenders either cutting them off from selling Fannie these products or scaling them back dramatically. I know that guarantees can be problematic but a great way to garner headlines. Lenders offer products, price, and service, and it is hard to guarantee the industry to be #1 in one category, and nearly impossible to be #1 in two of those categories for any length of time. But guarantees have popped up recently in the wholesale channel, most recently from…(read more)

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Source: Mortgage News Daily