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taz90444
102 Posts |
 Posted - 05/21/2008 : 4:05:44 PM
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Does anyone do full doc, noo, 720+ middle, 90%?
thanks |
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kalee3415
190 Posts |
Posted - 05/21/2008 : 4:22:59 PM
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Fannie does not allow noo non-warrantable.
Not to mention Effective June 1st MGIC will no longer issue MI on non-warrantable at all. Other MI companied either already have or will be following suit.
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AGreene00
2739 Posts |
Posted - 05/21/2008 : 4:27:46 PM
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| The MI is what will kill you. |
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regineia
327 Posts |
Posted - 05/21/2008 : 5:12:24 PM
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| And FHA? |
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kalee3415
190 Posts |
Posted - 05/21/2008 : 5:13:41 PM
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It is noo
quote:
Originally posted by regineia
And FHA?
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regineia
327 Posts |
Posted - 05/21/2008 : 5:14:42 PM
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| So FNMAE will not allow second home for non-warrantable condo after june 1st? If the condo has 1 years minimun turned over and the HOA is not on developer hand, FMAE can do it? |
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kalee3415
190 Posts |
Posted - 05/21/2008 : 5:17:21 PM
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Not June 1st - Fannie already does not allow noo non-warrantable.
June 1st, MI goes away for all non-warrantable no matter what the occupancy
quote:
Originally posted by regineia
So FNMAE will not allow second home for non-warrantable condo after june 1st? If the condo has 1 years minimun turned over and the HOA is not on developer hand, FMAE can do it?
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regineia
327 Posts |
Posted - 05/21/2008 : 5:21:20 PM
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| if 80% , will be fine.. |
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regineia
327 Posts |
Posted - 05/21/2008 : 5:22:02 PM
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| is it on fnmae web site? |
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habsfan
516 Posts |
Posted - 05/21/2008 : 6:14:22 PM
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non-warrantable will be capped at 60%. CW and ING are the only big guys that i know of. i did one at 35% LTV purchase and rate was 7.25% on a 30 FRM.
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