Mar 30, 2020
12:25:12am
12:25:12am
Our company cancelled no less than 50 jumbo loans.
Which were locked and scheduled to fund.
We aren’t funding Arms. Bond providers are cancelling their programs as their loans aren’t being sold in the volatility.
It’s going to be rough for a bit. It’ll bounce back due to market intervention but they’ve put some pretty extreme liquidity pressure on a lot of lenders and banks.
We aren’t funding Arms. Bond providers are cancelling their programs as their loans aren’t being sold in the volatility.
It’s going to be rough for a bit. It’ll bounce back due to market intervention but they’ve put some pretty extreme liquidity pressure on a lot of lenders and banks.
Originally posted on Mar 30, 2020 at 12:25:12am
Message modified by conetah on Mar 30, 2020 at 12:33:02am
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10 year treasury back down - right now it's at .66% Plus, the Fed bought $183B of mortgages last week and is still
3/29/20 9:35pm
They are going down and that's the problem for some lenders. Some are getting crushed on their hedges. But with rates
3/29/20 9:39pm
It won’t happen. Investors and lenders will go broke and destroy the liquidity of the housing industry.
3/29/20 9:41pm
plenty of lenders are fine.. and their spreads are wide right now and the Fed is buying everything up... the healthy
3/29/20 9:43pm
They are not fine. If they think they are fine they are ignoring the industry wide issue. All lenders are at risk.
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3/30/20 12:55am