Mortgage Blog

There are lots of changes in the industry.

Recently, more lenders are starting Jumbo
programs, that's a good sign for the mortgage
industry, more lenders are willing to take risks.

Starting this week, Fannie Mae charges extra
0.25% delivery fees for all credit scores
with loan LTV over 75% and for loans LTV
between 70.01% and 75% with credit score
(>680 & <740). So you will find the rates
higher starting this week for most loan
programs.

Also, some lenders are co-operating with
title/escrow companies, and they give
the borrowers better rates who "choose"
those title/escrow companies. It started
this month, but we don't know whether this
is a trend or not.

Overall, there are more "variables" on the
market. And more lenders are willing to have
"special" rates.