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  • Comment Detail

  • Date: 06/22/17
    First Name: Edward
    Last Name: Collins
    Email: edcollins33@fuse.net
    Organization Type: freddie mac
    Organization: N/A

  • Comment

    As an Approved USDA Lender, Kentucky Federal Savings & Loan would prefer to be able to sell our USDA Loans to Freddie Mac and retain the Servicing. To be able to do that Freddie Mac's pricing on this Loan Product will have to get dramatically better. As of today the pricing we would receive from Freddie Mac is nearly 4.5 points less than other Investors we sell these loans to. The Freddie Mac price on a 3.75% 30 Yr. Loan is 99.390 and the price we're getting from our other Investor is 104.041. How can that Investor provide so much better pricing? No Lender out there would sell these USDA Loans to Freddie Mac and lose that type of income on the deal.