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 Search for: Does WAMU do Stated Jumbo?.
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cervera01

169 Posts

Posted - 03/19/2008 :  1:33:01 PM
Anyone know if they can do SIVA jumbo???

$520,000 LA
KevLamb

501 Posts

Posted - 03/19/2008 :  2:07:28 PM
I know on their retail side it is a 50%LTV for Stated deals. So I would assume no on the wholesale side.
re_manager

2625 Posts

Posted - 03/19/2008 :  2:12:05 PM
Not sure but here is pricing on our Jumbo 3-Year Fixed Hybrid to $750,000, SIVA:

6.90% (PAR), 7.40% (1.0% YSP), 7.65% (2.0% YSP)

This loan also has the option of fixing the rate for the life of the loan at any time from the end of the 3rd year to the 7th for a one time $200 fee.

Please let me know if this works for your client.

Thanks
MALIZNA

444 Posts

Posted - 03/19/2008 :  8:07:35 PM
ITS also 50 ltv on the wholesale side
justinbayle

118 Posts

Posted - 03/19/2008 :  9:44:46 PM
Its not 50% anymore at WaMu. Its 0% as of last week.
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CoralSnake

10889 Posts

Posted - 03/20/2008 :  08:50:34 AM
quote:
Originally posted by justinbayle

Its not 50% anymore at WaMu. Its 0% as of last week.

Its still 50ltv on conforming.
No more stated Jumbos
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