Posted To: Pipeline Press“I can’t believe my grandpa is voting Democrat this year…he would have never done that when he was alive.” (Or Republican – your choice.) Things aren’t always what they appear. How about how non-conforming rates for fixed terms and ARMS are currently .125%-.25%+ lower than Agency? Crafty MLOs are looking for ways to be more rate competitive and for well qualified borrowers, quoting non-confirming rates could win the deal. Many non-conforming investors will accept loan amounts $453,150-$679,650 to compete in with Fannie & Freddie. With no Agency gfees, different loan level price adjustments, and lower compliance costs with portfolio products, they’ve been lower for a while. Lender Products and Services “The mortgage industry is a roller coaster…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.