Double Dip, At Least where Rates are Concerned
Wednesday, June 9th, 2010 Posted in Uncategorized | No Comments »Several weeks ago, economic signs were looking great. The DOW was in rally mode and mortgage interest rates were beginning to creep up. But then, out of nowhere, interest rates crashed. I believe this dip to be short lived, but if ...
I would suggest you Lock In !
Thursday, April 15th, 2010 Posted in Uncategorized | No Comments »Of late, the main question I am hearing from borrowers is whether or not they should lock in. Nobody really knows for sure what the market will do, but there is more risk of rates going up than down. The ...
Don’t Fear the Math !
Wednesday, April 14th, 2010 Posted in Uncategorized | No Comments »The numbers never lie! I have many clients that I work with you are in the process of shopping for a mortgage. Their biggest hurdle is usually the math. They are OK with shopping around and getting different quotes but ...
GFE 2010
Tuesday, February 23rd, 2010 Posted in Uncategorized | No Comments »So here we are, in a Brave New World, 2010. As the mortgage industry continues to come under scrutiny, we are working with mountains of new guidelines and procedures designed to create better transparency and protection in the market. I ...
Looking forward to 2010
Wednesday, December 9th, 2009 Posted in Uncategorized | 3 Comments »2009 has been a great year but also a very trying one. Our mortgage industry continues to go through growing pains as we try to distance ourselves from the meltdown of 2 years ago. We are trying to put policies ...
Tough Times Call for Tough People
Tuesday, September 15th, 2009 Posted in Uncategorized | 1 Comment »This is definitely a crazy time for the mortgage industry and the banking industry as a whole. From a person who has been doing this for 15 years , things have never been crazier. I come to work everyday trying my ...
Making Home Affordable Refinance
Thursday, June 11th, 2009 Posted in Uncategorized | 3 Comments »The Obama administration rolled out the Making Home Affordable program. This program has 2 main components, the refinance side and the modification side. In this post I will focus on the refinance section Making Home Affordable refinances are broken up into two categories, ...
HVCC and What It Means to You
Wednesday, June 10th, 2009 Posted in Uncategorized | 3 Comments »HVCC " Home Valuation Code of Conduct " HVCC is a new guideline imposed May 1st, 2009 that requires all appraisals on loans sold to either Fannie Mae or Freddie Mac to be completed through an Appraisal Management Company. There are many ...
Interest Rates Spike Up
Thursday, May 28th, 2009 Posted in Uncategorized | 2 Comments »Rates on 30 year fixed rates mortgages have jumped dramatically in the last 2 days. I've been searching for the reason why and still no answer. It seems as though investors are getting nervous about the amount of debt the ...
The Elusive Mortgage Price
Friday, February 20th, 2009 Posted in Uncategorized | 2 Comments »Most consumers have always been taught to shop goods and services based on price. In the mortgage industry this can be very elusive. There are many factors that determine the "Price" of a mortgage, that are often too complicated for ...