u/Ok_Law_2987

I’m in the metro ATL area and I’ve probably lost 30 loans this year to credit unions offering 15/15ARMs (15 years fixed and then only one adjustment at the end of year 15). Credit unions are offering them for 5% right now. No points. It’s totally untouchable and a lot of my agents have caught on and are sending clients there. I don’t necessarily blame them... the deal is truly a game changer. Does anyone have any Intel on how long a credit union can actually offer this program? Surely this is a program that will only be here for a temporary period of time.

Curious what yall think about that? I know Zacch and Kuminga were maybe viewed as 2 players fighting for one role and obviously Zacch didn’t win. I personally hope we try to keep Kuminga if the price is rught! Thoughts?