2 May 2023 May 2nd, 2023 – LLPA’s at a 740 Credit... Today we will discuss the 740 credit score category and what that does to your interest rates with the LLPA changes. I will once again touch on the LLPA fees going into effect yesterday or sometime soon as the rate sheets don’t necessarily reflect this right now! Buyer Betsy is looking to buy a […] Share on Facebook Share on Twitter
27 Apr 2023 4/27/2023 – LLPA’s with a 640-659 Cred... I want to touch on the LLPA fees going into effect next week with conventional loans and give you some workarounds! Granted, many of the cookie-cutter lenders out there will not think of this, but I am always looking out for our clients! A 640-659 credit score has the largest discrepancy regarding down payment vs. […] Share on Facebook Share on Twitter
25 Apr 2023 4/25/23 – LLPA changes coming May 1, 2023 There has been a lot of talk lately about the Loan Level Price Adjustments (LLPA’s) going into effect on May 1, and I am just smiling and shaking my head! The first chart is the best I have seen, but I want you to know that when I started in the mortgage business 33 years […] Share on Facebook Share on Twitter
21 Apr 2023 4/21/2023 – Credit Unions forced to raise ra... Mark-to-market is an accounting method used to measure the value of an asset based on its current market price or fair value. This contrasts historical cost accounting, where assets are recorded at their original purchase price. Mark-to-market is commonly used for financial instruments like stocks, bonds, and derivatives, as their market value can fluctuate frequently. […] Share on Facebook Share on Twitter
18 Apr 2023 4/18/2023 – Stay Positive! – Work Hard... So many things go through your mind when you have been in business for 33-plus years. People tell me I am competitive, which has led to much of my success. When I was a kid, I thought the word competitive was bad. I saw differently by watching people like Michael Jordan, Kobe Bryant, Venus Williams, Serena […] Share on Facebook Share on Twitter