Week Beginning 6/30/2008
Price adjustments
6138 & 6140 (No MI loan programs):
>80% <=85% LTV – rate adjustment is now .375 for fixed rate loans
>80% <=85% LTV – rate adjustment is now .625 for ARM loans
>85% <=90% LTV – rate adjustment is now .625 for both Fixed and ARM loans
Guideline Changes
6138 and 6140 are now limited to 90% LTV: Primary Residence, Purchase and Rate/Term Refi only.
July 1st – 95% LTV/CLTV on agency loans available in declining markets under certain circumstances.