Comments on: Risk Based Pricing. How Mortgage Rates are Determined Property Type and Property Use

By: X-Broker - Risk Based Pricing Part 2 | Mortgage Industry Blog

X-Broker - Risk Based Pricing Part 2 | Mortgage Industry Blog — Tue, 08 Jul 2008 02:54:24 +0000

[...] How Mortgage Rates are Determined Property Type and Property Use. Here’s part one if you missed it. Good stuff. [...]

By: JeffX

JeffX — Tue, 08 Jul 2008 02:15:07 +0000

Are you a broker or a banker?
I see price and rate differences across the country quite frequently, off the top of my head I recently saw a PA based bank had a .25% price for the worse if the property was located in New Jersey.

Lower LTV underwriting criteria req's has caused a price for the worse for those who now exceed it, from what I've seen.

By: Tom Vanderwell

Tom Vanderwell — Tue, 08 Jul 2008 02:01:11 +0000

Other than loan limits (which are geographic) are you really seeing different rates for different geographic locations? I can write loans in 37 of 50 states and the rates are the same for the same loan situations no matter what state it's in. (Meaning a $200,000 30 year fixed rate on a $300,000 purchase owner occupied would be the same rate no matter what state it is in as long as it's one of the 37 I can do.

Interesting, I've seen LTV issues (due to declining markets) but I've never seen rate differences.

Tom Vanderwell
straighttalkaboutmortgages@gmail.com

By: JeffX

JeffX — Tue, 08 Jul 2008 00:53:23 +0000

Thx Lender Police…I can appreciate your product so i'll leave the comment, however, my comment thread isn't a place to advertise your services. A simple mention is more than adequate.

J-

By: Michael

Michael — Tue, 08 Jul 2008 00:26:17 +0000

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