Agency and Greyhawk Changes
Freddie Mac A- and Fannie Mae Level 3 Loans
Effective immediately Rate will no longer be accepting new locks or loan submissions for Cash Out transactions on our Freddie Mac A- (including Home Possible) and Fannie Mae Level 3 programs. We will still be accepting new locks and submissions for Purchase and Rate Term Transactions until 5 pm CST Friday March 28th, 2008 for our Freddie Mac A- (including Home Possible) and Fannie Mae Level 3 programs.
Freddie Mac and Greyhawk Pricing Adjusters Changes (Effective April 1st, 2008)
Listed below are some of the price adjuster’s changes for our Freddie Mac and Greyhawk Program
| Agency Fixed & ARM | ||||
| Agency FICO/LTV GRID (Terms greater than 15 years) | ||||
| Does not apply to Expanded Approval | ||||
| <=60 | 60.01-70 | 70.01-80 | 80.01-100 | |
| 720+ | 0.250 | 0.000 | 0.000 | 0.000 |
| 680-719 | 0.000 | (0.500) | (0.500) | (0.500) |
| 660-679 | 0.000 | (0.500) | (1.250) | (1.250) |
| 640-659 | 0.000 | (0.500) | (1.750) | (1.750) |
| 620-639 | 0.000 | (0.750) | (2.500) | (2.500) |
| <620 | 0.000 | (0.750) | (2.750) | (2.750) |
| Agency Fixed & ARM | ||||
| Agency Cash-Out Refi FICO/LTV GRID (all loan terms) | ||||
| Applies to all Agency Programs. | ||||
| <=60 | 60.01-75 | 75.01-80 | > 80.00 | |
| 700+ | 0.000 | (0.125) | (0.375) | (0.500) |
| 660-699 | 0.000 | (0.250) | (0.750) | (1.500) |
| 620-659 | 0.000 | |||