Welcome to Nationwide Management Services, Inc.
Our services are supported by a unique and proprietary fully-automated inspection system. Our system allows our agents to contact and complete your requests much faster and more effective than our competitors. We ensure you get the right service and provide you with access to comprehensive reports so that our relationship is 100% transparent. Our goal is to maximize every dollar you spend with us and to enhance the overall loss mitigation experience with you as well as your customer.
Fannie Mae and Freddie Mac, the government sponsored enterprises (GSE’s) that guarantee most US mortgages, announced substantial increases in the fees (aka Loan Level Pricing Adjustments or LLPAs) they charge on second home and “high balance” mortgages Wednesday. ( HERE and HERE ). The new costs are effective for loans securitized on/after April 1, meaning borrowers will see them added within weeks (even for loans closing well before April 1!).
The largest impact is to loans for second/vacation homes. Just how much will the changes cost buyers? Previously, there were no separate 2nd home pricing adjustments for our scenario, today’s announcement means these loans will soon carry a hefty 1.125 to 4.125% pricing adjustment !
The irony here is that Fannie/F