January 24th, 2011 10:30 PM by Eric Fang
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 extra0.25% delivery fees for all credit scores with loan LTV over 75% and for loans LTVbetween 70.01% and 75% with credit score(>680 & <740). So you will find the rateshigher starting this week for most loanprograms.
Also, some lenders are co-operating with title/escrow companies, and they give the borrowers better rates who "choose"those title/escrow companies. It startedthis 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.