Results 1 to 20 of 20
  1. 08-13-2020, 11:45 AM #1
    Mark Perry
    Mark Perry is online now
    Moderator Mark Perry's Avatar
    Join Date
    Jun 2004
    Location
    Runaway Bay, Texas
    Posts
    82,977

    Refi's just got more expensive

    Saw this elsewhere and thought some here may be interested.

    http://www.mortgagenewsdaily.com/con...es/951943.aspx
    Reply With Quote Reply With Quote
  2. BMCD
    BMCD is offline
    Nitro Boats Moderator BMCD's Avatar
    Join Date
    Jun 2004
    Location
    Brookeland, Texas
    Posts
    17,462
    #2 08-13-2020, 12:33 PM
    I bet they delay it as they do most things. And even if they don't you'll have a year before they implement it, I'm sure. Mortgage companies need time to adapt and make software changes.
    Bryan McDonough
    2023 Nitro Z21 XL
    Nitro Team
    Reply With Quote Reply With Quote
  3. Almag6
    Almag6 is offline
    Banned
    Join Date
    Jun 2020
    Posts
    944
    #3 08-13-2020, 12:39 PM
    . wrong thread.....
    Reply With Quote Reply With Quote
  4. 12poundbass
    12poundbass is offline
    Member
    Join Date
    Jul 2017
    Location
    Stanton, MI
    Posts
    3,298
    #4 08-13-2020, 01:34 PM
    Glad I closed on my refi 3 weeks ago!
    Reply With Quote Reply With Quote
  5. kry29
    kry29 is online now
    Member
    Join Date
    Nov 2012
    Location
    Nederland, Tx
    Posts
    13,653
    #5 08-13-2020, 01:39 PM
    I thought loan sharking was illegal
    Reply With Quote Reply With Quote
  6. hoochhybrid
    hoochhybrid is online now
    Member
    Join Date
    May 2013
    Location
    West Point Lake, GA
    Posts
    635
    #6 08-13-2020, 01:47 PM
    Quote Originally Posted by 12poundbass View Post
    Glad I closed on my refi 3 weeks ago!

    Closing on mine at lunch tomorrow.
    Reply With Quote Reply With Quote
  7. Guntucky
    Guntucky is offline
    Member
    Join Date
    Jun 2019
    Location
    Kentucky
    Posts
    347
    #7 08-13-2020, 02:03 PM
    I am inclined to believe it has more to do with people deferring their payment under this Whu Flu crap and then back-ending the balance. This is costing a big pile of money to the lenders as they also have to pay the impounds on Taxes and insurance.
    Reply With Quote Reply With Quote
  8. bassin_man
    bassin_man is offline
    Member
    Join Date
    Jan 2008
    Location
    Eastern Nebraska
    Posts
    3,491
    #8 08-13-2020, 02:26 PM
    So does this impact me? Not closing on refinance until September sometime due to them being backed up but have already locked in and signed papers on the 10th.
    1995 Ranger 487VS / 1998 Mercury 200 EFI
    Reply With Quote Reply With Quote
  9. camman
    camman is offline
    Member
    Join Date
    Jan 2010
    Location
    Hawaii/California
    Posts
    659
    #9 08-13-2020, 02:34 PM
    Quote Originally Posted by bassin_man View Post
    So does this impact me? Not closing on refinance until September sometime due to them being backed up but have already locked in and signed papers on the 10th.
    according the report you are fine.

    FHFA needs to make some $ with all the increase in people refinancing
    Reply With Quote Reply With Quote
  10. Bassakwards
    Bassakwards is offline
    Member
    Join Date
    Jun 2009
    Location
    Franklin, TN
    Posts
    3,833
    #10 08-13-2020, 02:39 PM
    Got mine done in May!
    Reply With Quote Reply With Quote
  11. kailor
    kailor is offline
    Member
    Join Date
    Apr 2008
    Location
    Huntsville, Alabama
    Posts
    1,769
    #11 08-13-2020, 03:11 PM
    Closed on mine last Friday.
    2016 Ranger Z518 - 150 HP Mercury 4-Stroke
    Reply With Quote Reply With Quote
  12. Bassman Ia.
    Bassman Ia. is offline
    Member Bassman Ia.'s Avatar
    Join Date
    Mar 2005
    Location
    Co.Bluffs
    Posts
    33,238
    #12 08-13-2020, 08:22 PM
    Our cemetery plots have been paid for in full 45 years ago. No need to refinance them
    Reply With Quote Reply With Quote
  13. Boondock
    Boondock is online now
    Member
    Join Date
    May 2008
    Location
    Pueblo West
    Posts
    1,612
    #13 08-13-2020, 09:36 PM
    Bullshit ��

    More fees and taxes hitting the working people
    Reply With Quote Reply With Quote
  14. ksubasser24
    ksubasser24 is offline
    Member
    Join Date
    Jun 2012
    Location
    Brookings, SD
    Posts
    5,394
    #14 08-13-2020, 11:16 PM
    Last line of the article says it all. They’re give me the and there to help. Worst thing you can ever hear.
    Reply With Quote Reply With Quote
  15. Bassman Ia.
    Bassman Ia. is offline
    Member Bassman Ia.'s Avatar
    Join Date
    Mar 2005
    Location
    Co.Bluffs
    Posts
    33,238
    #15 08-14-2020, 07:14 AM
    Quote Originally Posted by ksubasser24 View Post
    Last line of the article says it all. They’re give me the and there to help. Worst thing you can ever hear.

    yes, terrible interpretation of a sentence.
    Reply With Quote Reply With Quote
  16. Ditch_Pickle
    Ditch_Pickle is offline
    Banned
    Join Date
    Jun 2020
    Location
    Orange Beach, AL
    Posts
    583
    #16 08-14-2020, 07:16 AM
    That is a bunch of horse chit. Bureaucrats could F up a wet dream.
    Reply With Quote Reply With Quote
  17. g352nv
    g352nv is offline
    Banned
    Join Date
    Feb 2007
    Location
    NV
    Posts
    9,120
    #17 08-14-2020, 10:01 AM
    We locked a couple weeks ago. Hope my lender doesn't try anything.
    Reply With Quote Reply With Quote
  18. Bluegill22
    Bluegill22 is offline
    Member Bluegill22's Avatar
    Join Date
    May 2019
    Location
    Hazel Park and LSC
    Posts
    2,465
    #18 08-14-2020, 10:21 AM
    Quote Originally Posted by g352nv View Post
    We locked a couple weeks ago. Hope my lender doesn't try anything.
    Me too!
    Reply With Quote Reply With Quote
  19. GregA
    GregA is offline
    Member
    Join Date
    Mar 2007
    Location
    Titusville
    Posts
    12,324
    #19 08-14-2020, 11:03 AM
    Quote Originally Posted by Boondock View Post
    Bullshit ��

    More fees and taxes hitting the working people
    Greg
    Edgewater 245CC
    Reply With Quote Reply With Quote
  20. KenHo
    KenHo is offline
    Member
    Join Date
    Aug 2015
    Location
    Alabama
    Posts
    207
    #20 08-14-2020, 11:49 AM
    [QUOTE=ksubasser24;11314395]Last line of the article says it all. "They’re give me the and there to help."
    ?????
    Reply With Quote Reply With Quote
« Previous Thread | Next Thread »