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Non-Agency Product; Fannie/Freddie Updates; VA IRRRL Reminder/Clarification

(Mortgage News Daily) - 3 weeks, 4 days ago
 Posted To: Pipeline PressThat mortgage prices change every day, and often during the day, is about as surprising as sheriffs finding marijuana on Willie Nelson’s tour bus. Price changes have an immediate impact, and I knew that I’d receive plenty of phone calls from “the street” when a CEO told me to increase prices when the market hadn’t moved. Correspondent and wholesale investors have ratcheted up margins in the last month or so in order to slow volume down due t...
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