Lending Blog
April First 2013 FHA Changes
Effective April 1st, 2013, HUD/FHA will make some significant changes for those opting for an FHA loan. The most obvious are that the monthly Mortgage Insurance Premium will not automatically stop after 5 years or when the loan to value ratio, or equity in the home, reaches 78%. Please click 0n the link to view [...]
Temporary Payroll Tax Cut Continuation WILL Raise Interest Rates Overnight
To usher in the New Year, Congress naturally helped itself to yet another break, while leaving the economy to fester on the newest roadblock to recovery: self-inflicted bloated interest rates, suddenly apparent in the rush to lock loans for a February close of escrow. In an effort to discover the source of these most unwelcome [...]
The Mortgage Markets And Liquidity
Since the beginning of the economic crisis, the hurdles imposed by Congress’ desperate attempt to speed-reverse the power and subsequent damage caused by the oligarchy of big banks, combined with the barbed wire effect of the much-abhorred Dodd-Frank bill has, as intended, made money-lending unrecognizable. Nothing like swinging the pendulum too far in the other [...]
Lenders still making big money on home appraisals – BostonHerald.com
Lenders still making big money on home appraisals – BostonHerald.com.
FHA, The Past, The Present, and The Future
Long gone are the days that we threw FHA into the “New Sub-prime” bucket. When I first started originating FHA loans in 2005 everything was a “manual underwrite”. We boasted the fact that it was “make sense underwriting”. There were no computers or automated underwriting involved. Then, we went through a period where everyone came [...]
S & P Case Schiller Report Confirms That San Diego is THE Best Market in The Nation
As per the Case Schiller Report San Diego shows the best Month over Month and Year over year home price appreciation. One more reason to rely on your local Real Estate and Mortgage experts.
2011 Financial Outlook
Since there are more opinions than possible outcomes to this burning enigma, I would like to start by making a proper disclaimer. If anybody tells you that they know for sure what is going to happen in the next 3, 6 , 9 or 12 months, run, don’t walk the other way. If you happen [...]
