Monthly Archives: April 2013

Maximum Number of Financed Properties

April 24, 2013 — Effective for new locks taken on or after 5/1/2013, the maximum number of financed properties allowed per borrower is four. All financed properties held individually, jointly, within an LLC, or within a partnership must be counted in the borrower(s) total number of properties, regardless of the borrower’s ownership percentage in the LLC/partnership or who is …
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Fee Schedule Changes

April 15, 2013 — Effective for new locks taken on or after 5/1/2013, the fee and price structures for Correspondent Lending will be updated.  Please review the following schedule of changes: Delegated Admin Fee:                  $250.00 Non-Delegated Admin Fee:         $695.00 FHA Streamline:                           -0.25 price adjustment VA IRRRL:                           …
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