Wednesday, March 4, 2009

Daily Mortgage News

Today's rundown:
The nail in the coffin for the government-sponsored 4.5% 30 year fixed mortgage.
Luxury builder Toll Brothers managed to narrow some losses in the first quarter.
Fannie may marry Uncle Sam instead of just shacking up.
President Obama's new mortgage plan was revealed.

Toady's sample approval: 660 FICO,$725k cash out refinance. Qualifying for 5.5%, 30 year fixed rate FHA with 1/2 point origination fee.


Have any questions? Looking to apply for an FHA or jumbo mortgage in Washington DC, Virginia, Maryland, or Florida? Just email me or reach me on Twitter and I'll be in touch.
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