Mortgage grapeviner “sfranny” recently wanted to know since seller points are not included in the 3% rule, does this mean that a seller can pay for origination points or discount points?
Also, the poster said that if second mortgages and HELOCs are not covered under QM, banks will have to set aside 10% reserves. If this happens, “sfranny” is hearing that banks might quit issuing these.
See what other grapeviner’s think of these questions and beliefs at
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PennyMac Financial Services reported $82.3 million net income, inclusive of a $44 million net reduction related to servicing fair value and hedge losses.
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Credibly will bring its SMB loans and revenue-based financing products to Figure's Democratized Prime platform, Figure said in a press release.
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