Wednesday, February 8, 2017

Capital Markets: Supply and Demand; Jumbo, 2nd, and ARM News - Navy Fed's 5/5

Posted To: Pipeline Press

Think there’s no creativity allowed in the down payment help arena? Think again. Loftium pays up to $20,000 towards your down payment and offers monthly mortgage assistance if you agree to Airbnb one of your new home's extra bedrooms for 12 to 36 months." And nope, this isn't an ad...and when did "Airbnb" become a verb? Products : are lenders and investors preparing for ARM, jumbo, 2 nd , and HECM competition? Who knows, although the secondary markets have noticed that adjustable rate mortgages are not included in the single securitization platform. Maybe some day... JMAC Lending is revving up its jumbo mortgage products this spring. One of the most popular products for the Southern California-based wholesale and correspondent lender is the Newport Non-Agency Jumbo Loan . Some of the...(read more)
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from Mortgage News Daily http://ift.tt/2kruzAh

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