February 17th, 2012 2:23 PM by Eric Fang
I hope everyone is doing well.
If you a basketball fun. You guys should have alot to talk about. Eepecially the "Linsanity".It is so amazing that Nicks won the last 7 straightgames with the rising of Jeremy. And it was saidPresident Obama will watch the game Feb 21st.
Also, lots of news in the mortgage industry.First, we "loved" Povident Funding, and we hate "PF". Two news about this lenderrecently: 1)They will no longer do Condo loans,except high-rise condo in SF, nEW York, etc.2)PF has the waiting period changed from 120 days to 180 days.
Most lenders already have the G-Fees kicked in.That's one of the reasons why the rate is a litlle higher starting Thursday. Another reason is the inflation "heats up". Actually we all knowthere are some kind of inflation from the dailylife, and we don't need data to support that.Isn't it? Have a good weekend.