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US Bank Eliminates 100% Financing

Posted on BlownMortgage
26.02.2008
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Hat tip to good friend of Blown Mortgage, Chris, for sending this along:

US Bank is eliminating its 100% financing product on the wholesale channel as of tomorrow.

No word on whether this is a regional or nation-wide change nor if it’s been eliminated from the retail channel.

Countrywide out of Option ARMs, 100% disappearing. We’re definitely in another tightening cycle.

If you have any additional information send it along!

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