Sales, Marketing, Cap. Mkts. Products; Agencies and Forbearance Loan Purchases

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Posted To: Pipeline Press

Other than things like a mother’s love, most things have prices, and Fannie and Freddie set theirs for buying loans in forbearance in the form of tacking on loan-level pricing adjustments (LLPAs): 500 basis points (5 percent) for loans where any borrower is a first-time homebuyer, and 700 basis points (7 percent) for all other loans. (More below.) The street artist Banksy’s works are also pricey, and has some fun products from his work from home efforts . Animals produce things as well and thank you to Josh F. who sent along this cool webcam of a peregrine falcon and her three fluffy chicks high above UC Berkeley. Speaking of animals and nature, here’s some good news: the population of unadopted animals in shelters has plummeted as they’ve found homes. Homes? Our industry…(read more)

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