Provident and Condos; Startling Utah Stats; ...

Posted To: Pipeline Press

Yes, Wells Fargo’s CEO’s was on CNBC this morning talking about the mortgage markets. Investor news is rarely “headline grabbing,” but also this morning Provident Funding , often the nation’s leading wholesale operation, turned some heads and notified brokers this morning ahead of this three day weekend, “Effective immediately for new locks, condominiums are now unacceptable properties except for high rise condominiums located in Chicago, Honolulu, San Francisco and Seattle. Existing locks will be honored and allowed lock extensions. Please refer to the updated Program Guidelines for complete details.” (Editor’s note: I received it from a few folks – I hope it is not some kind of prank.) The land of Alta & Snowbird, the Bonneville Salt Flats, mountain bike riding in Moab, and… Nearly…(read more)

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 Provident and Condos; Startling Utah Stats; Promising Signs for US Economy   Will Rates Creep Up?
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