Phil Grossfield's Blog


Up and Down Up and Down

My Schedule…and a Little Extra:  I always liked the horse that goes up and down up and down.  I never understood my whole life why they even made horses that are stationary…they don’t move…why would you want to sit on that when you could sit on a horse that goes up and down up and down?  But now I understand.  My son did NOT want a horse that went up and down up and down…NO WAY.  But unbeknownst to him, they only had the horses that go up and down up and down…so when he was strapped in and the ride started he was VERY displeased that his horse was indeed going up and down up and down.  The first 30 seconds was nerve-racking but with my tight grip around him, my words of encouragement, and seeing the other kids enjoying themselves he managed to fight his fears and ended up enjoying the ride.  But my brief attempt to remove my hands from his side was met with a STERN reprimand and NOT considered even remotely humorous.  But he got through it…check that one off the list…. 🙂

My Market Watch:  Bond prices started out lower this morning but Interbank rates came out practically the same from yesterday.  Stocks look they are beginning to slip a little but barring anything extraordinary, should be a flat day.  Disclaimer

My Schedule: Available all day but taking my car in for maintenance so on the road to and from….

UPDATED DAILY:                                  

Read Mefor a Clean Underwriting Decision Resulting in Happiness and Adulation

MY PROCEDURES are updated daily – check it out…

Ignore Me for a Long List of Conditions, a Huge Hassle, and Massive Frustration


Exceptions to LTV overlays are EASY to get.  In fact, it is VERY LIKELY you will get an exception approval if InterBank has an overlay that is permitted by Fannie Mae, and, I can usually get you an answer within the same day.  The process is VERY EASY…all you have to do is register the loan so we have a loan number and send me an email with your DU Findings.  I’ll take over from there…I will forward exception request before you submit the loan (all you’ve done so far is register the loan).  This way we’ll know in advance if the exception will be granted. Click here for details on Interbank overlays compared to Fannie Mae guidelines, and for explicit Instructions on getting an exception:  Exceptions – When and How to get an Exception


Purchases:      4 days from Submission (after registration)…prioritized throughout the process.

Refinances:     7-8 days from Submission (after registration)…45-day locks still recommended.

Conditions:     48 hours from last uploaded document.

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