Discover and read the best of Twitter Threads about #fhfa
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A better solution doesn't exist, but here is a short 🧵on why looking at "Average Mortgage Rates" can be misleading in today's world.
#HomeBuyers or wanna-be #HomeSellers - pay close attention! Don't get discouraged running payments on your computer...talk to a professional!
#HomeBuyers or wanna-be #HomeSellers - pay close attention! Don't get discouraged running payments on your computer...talk to a professional!
Conventional Loans are tough to price out these days. The #FHFA has a complicated pricing grid that requires points (upfront $$ - one point = 1% of your loan amount in a cash fee) to be collected based on certain loan parameters, LTV, Credit Score, etc
singlefamily.fanniemae.com/media/9391/dis…
singlefamily.fanniemae.com/media/9391/dis…
These fees are historically absorbed in modestly higher rates. However, the mortgage bond market is not trading well these days so the profit in higher rates to absorb those fees doesn't exist. As a result, "Zero Point" loans can be quite high!
THREAD: When it comes to political appointees, the Trump admin has 1 standard: personal loyalty to the president. In typical norm breaking fashion, applicants for political positions have been asked to their describe public commentary on Mr. Trump
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Political appointees are also subject to “reinterviews” to further test their loyalty. Those who fail to advance Trump’s agenda are swiftly removed. At RDP we are wary of these lasting appointees who have survived the admin’s loyalty tests.
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While the vast majority of Trump’s loyalists will step down on Biden’s inauguration day, a small but powerful group will not. These appointees could sabotage a federal government that works in the public’s interest.
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