Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Giordano Bruno who wrote (366897)	4/28/2008 7:01:31 PM
From: ldo79	Read Replies (1) of 436258

yeah - bend over and grab 'em................. New Price Adjuster - Effective Immediately Due to secondary market execution risk, Wells Fargo Wholesale Lending has implemented a new 3.00 price adjuster. This adjuster will be applied (at the time of lock) to every loan commitment in the pipeline not locked/relocked prior to the effective date of a retraction. Retractions include credit guideline retractions, product takedowns, mortgage insurance retractions, and all other types of retractions. The new price adjuster will be: • Automatically applied when the loan is locked/relocked on or after the retraction date. • Added to other applicable price adjusters which may cause loans to exceed high cost threshold and require these transactions to be restructured. • Charged for each individual retracted parameter. Please be aware that it is in the best interest of the customer that the loan is locked/relocked prior to the retraction effective date.

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