He Said She Said; Wells Fargo Exits Wholesale
July 12, 2012
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My Schedule…and No Extra: She wouldn’t do what he wanted and he wouldn’t do what she wanted. Sound familiar? Well that was the story at bed-time last night. Normally I can find some common ground…but last night my two kids would not agree on anything…nothing. When faced with these situations, which is very rare, I do my best to come up with an alternative or distraction to get over it. You know, try and get them to see a better/happier alternative…it usually works like a charm. But last night I just couldn’t get it done…they rejected every single idea. It’s almost like they insisted on being unhappy…they must have been over-tired…when reason is no longer possible. Well, I refused to force anything so I called for back-up…my wife had to come upstairs to rescue me by taking over with one of the kids. I have to say, it sure is nice to have that back up…I have no clue how a single parent gets it done night after night without help/relief.
My Market Watch: Rates are the same as yesterday. Economic reports and indicators continue to be poor and rates are holding steady as a result. You see Wells Fargo’s announcement yet? Disclaimer
My Schedule: This morning I am working from home and I am out and about all afternoon.
Guideline Guidance to get a clean underwriting decision resulting in happiness and adulation…you could IGNORE THIS and find yourself with a long list of conditions, a huge hassle, and massive frustration
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Purchases: 3-4 days from Submission (after registration)…prioritized throughout the process.
Refinances: 8 days from Submission (after registration)…45-day locks still recommended for all loans.
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Funding: 48-72 hours for document review and issuance of funding conditions…please refer to the broker portal for PTF conditions listed.