Join Date: Mar 2013
Thanked 336 Times in 182 Posts
I don't believe NJ is one of the states they lost.
I would suspect, since they are losing PA, they moved their high volume Southeast PA subs to NJ, where they had been having problems getting subs all year. Purely speculation on my part, but all the pieces fit. Information about the new FNMA awards has been pretty tight, ay least my searching has not turned up any up to date awards announcement. I'm sure some of the more connected people on here would know where to look.
If it were me, I wouldn't want the details of the contract out for all my current subs to see. It could create a fire sale mentality. The only thing I know for certain is, the new guy, whomever it is, did not get the contract because they bid higher. I think it's a given, pricing will suffer.