SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: loantech who wrote (498)8/29/2003 2:50:38 PM
From: ild  Read Replies (1) of 110194
 
<<<have multi million dollar commitments >>>
Tom, who is the other party of this commitment? FNM I guess. But the loan applicant has no commitment, so if rates go down more he abandons the old deal and locks a better rate with another lender.

I heard that FNM/FRE doesn't buy a loan until it's like 90 days old. And this is the reason that some banks punish the broker if the loan is refied within this time.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News