EA I

Author

Previous Topic | Next Topic

macdenny

885 Posts

Posted - 05/15/2008 : 08:04:12 AM

Is anyone accepting an EA I these days???

jillstatz

661 Posts

Posted - 05/15/2008 : 08:25:53 AM

Chase

macdenny

885 Posts

Posted - 05/15/2008 : 08:26:11 AM

I'm guessing these are a thing of the past??? Indy will only allow 75% LTV...someone has got to take em!

jtm7332

512 Posts

Posted - 05/15/2008 : 08:32:22 AM

I was told when DU 7.0 comes out that Fannie Mae is going to start issuing more EA level approvals, hence more companies will start offering these products on May 31, 2008 as that is when the new DU comes out.

I also heard that they are going to try to get the MI companies on board with the expanded approvals.

jillstatz

661 Posts

Posted - 05/15/2008 : 08:37:04 AM

I have one going through Chase right now at a 89% ltv/cltv cash out re-fi and am not having any trouble with it at all.

macdenny

885 Posts

Posted - 05/15/2008 : 08:43:41 AM

Giving my Chase rep a call. Thanks, everyone!