Congress forgets role in $350B whodunit
Commentary: TARP tells tale of too little, too late
By Lou Barnes, Friday, December 12, 2008.
Flickr photo by LoopZilla.On Wednesday morning mortgage rates collapsed close to 5 percent -- just under for fee-heavy deals, just above for fee-light, and all were a tad higher today.
Some notes on mortgage pricing:
These super-low rates are limited to 740-plus FICOs and 80 percent or less loan-to-value. Fannie and Freddie, despite 90 days in federal hands, still maintain punitive FICO pricing -- 695 FICOs have to pay a fee just to get 5.5 percent.
more...
Premium Member account.
Premium Members have full access to all news archives.
Buy Now Purchase 1-year Premium Membership - $149.95
OR
Buy Now Purchase Monthly Premium Membership - $19.95
All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.
Bookmarking Sites
