FNMA Alt-A SISA and 100% LTV Financing
FNMA Alt-A SISA
Due to recent Fannie Mae origination requirements for SISA loans Guaranteed Rate will be no longer be accepting new lock requests for our FNMA Alt-A SISA loans after 5 pm CST today. All loans that are not currently locked must be locked today with a lock period of no longer than 30 days, extensions and relocks will not be allowed.
100% Financing option
Due to Mortgage Insurance Companies guideline restrictions we will no longer be able to offer 100% Financing with Mortgage Insurance loans. All loans that are not locked by 5 pm CST today will not be locked. All loans that need 100% Single Loan financing must be submitted to our Underwriting department by March 25th, 2008 and must be approved by end of business on March 28th, 2008.
Please feel free to contact your VP of Wholesale Lending or the Commitment Desk for
further clarification if needed.
Thank you for your continued business!!