Torrey Pines Freddie Mac Alt97
Effective immediately the Freddie Mac Alt97 program has been eliminated. All loans that are currently locked must close and fund by June 30th, 2008. Loan extensions and relocks will not be allowed under the Freddie Mac Alt97 program. If you have a loan that is currently floating on this program it will need to be re-submitted to Underwriting under a different product line.
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!!