Greyhawk Changes and Addition of Agency Jumbo

Greyhawk Changes

 

            Due to market conditions the rate adjusters for Self-Insurance loans on the Greyhawk program are being updated for all new locks and/or re-locks on or after June 25^th, 2008

 

Purchase and Rate/Term Refinance (rate adjusters)
	LTV 80.01 - 85%	LTV 85.01 - 90%	LTV 90.01 - 95%
Fixed	.375	.625	.875
ARMS	.625	.625	.875
Cash-Out Refinance (rate adjusters)
	LTV 80.01 - 85%	LTV 85.01 - 90%	LTV 90.01 - 95%
Fixed	.375	.625	N/A
ARMS	.625	.625	N/A

 

 

Effective for June 27^th, 2008 we will be also no longer be offering the following programs;

• • MyCommunity and Home Possible
    • 15 and 20 year Amortization
    • 5/1 Arm with a 40 year Amortization
    • Interest Only

 

 

Agency Jumbo Programs

            Starting June 25^th, 2008 we will begin to offer the Economic Stimulus loans aka Agency Jumbo loans.   We will offer these programs are our Doral and Torrey Pines programs.  The rate sheets and Sherlock will be updated shortly with these programs.   Please make sure that you are putting in the correct county one your locks when submitting your request to the Commitment Desk.  Locks with incorrect counties may affect product availability.

 

 

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!!