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tommydon

190 Posts

Posted - 04/24/2008 :  3:32:28 PM
There is a lot of investors out their buying.
Who has the best programs

Sun Trust has a NOO stated to 75% ltv, 7% is around par for 30 years
Wachovia was 75% until today, probably going down to 65%

Anyone else
mantixmortgage

2784 Posts

Posted - 04/24/2008 :  4:09:36 PM
citi
mmnfinancial

311 Posts

Posted - 04/24/2008 :  6:20:33 PM
Wachovia was the best other than APZ kick backs. But they are the best if you get pass that point.
Scrooge McDuck

9787 Posts

Posted - 04/24/2008 :  6:23:34 PM
citi is basically it.
Layne Jones

1478 Posts

Posted - 04/25/2008 :  07:59:28 AM
Our portfolio guidelines are shrinking up, BUT our New Alt A is just gearing up!

NOO SIVA to 80%LTV 700 FICO 6 months reserves
NOO SIVA to 75%LTV 680 FICO 6 months reserves

NOO SISA to 75%LTV 700 FICO 6 months reserves
msancheznj

2243 Posts

Posted - 04/25/2008 :  08:01:46 AM
quote:
Originally posted by Layne Jones

Our portfolio guidelines are shrinking up, BUT our New Alt A is just gearing up!

NOO SIVA to 80%LTV 700 FICO 6 months reserves
NOO SIVA to 75%LTV 680 FICO 6 months reserves

NOO SISA to 75%LTV 700 FICO 6 months reserves



What are the rates, roughly, on a NOO, SIVA, 700 FICO, 6 mos reserve, 2units and 1unit?
Shuggins

1074 Posts

Posted - 04/25/2008 :  08:22:57 AM
Vertice.

Citi is great but they will now limit you to 2 properties financed through them...
Layne Jones

1478 Posts

Posted - 04/25/2008 :  08:28:38 AM
NOO SIVA 1 unit 700 FICO
7.5% <.389ysp> Bonus 0.2 ysp for full file submissions.
Pricing was a little better yesterday, so you can email me on Monday and see if we are back down at all.
nowbroker

1485 Posts

Posted - 04/25/2008 :  08:29:05 AM
So what is citi's program?
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