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Week Beginning 7/28/2008
Price adjustments
Agency Jumbo (ARM): 6186 & 6188
- Purchases with LTV > 75%: adjustment is now 0.75 pt.
- Rate/Term Refinance with LTV > 75%: adjustment is now 1.25 pt.
Guideline Changes
Beginning Aug 1st:
- 6 months seasoning for Cash Out refinances for conventional/conforming loans.
- Maximum 4 total financed properties when subject property is a 2nd or Non-owner occupied.
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