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ekitei

87 Posts

Posted - 03/27/2008 :  4:09:42 PM
Anyone still offering SIVA Jumbo Option Arms. My borrower has a 720+ FICO, and can document around 300K in Assets, but the loan must be SIVA. The deal is O/O, C/O, CALI. The LTV is 80%.

Let me know if you can help, but it must be an Option Arm.
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rtrefflich

1761 Posts

Posted - 03/27/2008 :  4:10:32 PM
Try Wachovia, I get e-mails for their jumbo stuff all the time
ekitei

87 Posts

Posted - 03/27/2008 :  4:11:59 PM
Wachovia cut my value : ( AS USUAL!
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rtrefflich

1761 Posts

Posted - 03/27/2008 :  4:16:31 PM
That's surprising

quote:
Originally posted by ekitei

Wachovia cut my value : ( AS USUAL!

manwithaplan

460 Posts

Posted - 03/27/2008 :  4:17:13 PM
got an wachovia appraiser goin out tomorrow (fingers crossed). Hell they already countered the file full doc but hopefully that gets worked out the borrower is REALLY strong.
ekitei

87 Posts

Posted - 03/27/2008 :  4:25:03 PM
Whatever you are looking for in value....take 70-75% of that number and you'll be on the same page as Wachovia..... They &$&^*&Y when it comes to value.
manwithaplan

460 Posts

Posted - 03/27/2008 :  4:33:38 PM
quote:
Originally posted by ekitei

..... They &$&^*&Y when it comes to value.



Which curse word was that?
ekitei

87 Posts

Posted - 03/27/2008 :  4:41:20 PM
it can be one of the many I feel about them when they cut my value!
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