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Mortgage and Lending - Finance Of America - NMLS #311662
RECENT BLOG POSTS
Please click on the photo below to get to the website fro this great new home at Bermuda Dunes! 80060 Kingston Drive Bermuda Dunes, CA 92203 New Construction in Bermuda Dunes CC Price : $591,900 Bedrooms : 3 Bathrooms : 3.50 Square Foot : 3,002 Lot Size : 10,019 sq.ft. County : Riverside County P...
12/29/2015
The 2016 loan limits for High Cost counties have been announced. While most of the country will remain unchanged, there are 39 counties that will have increased loan limits. Four of those are in California, including my home county of San Diego. Our High Balance limit will be raised to $580,750 f...
11/29/2015
The FED is releasing it's minutes tomorrow and most people expect a dovish tone. If they do back off on their promised rate increase it could support bonds and drive the price back up to 101.80 which could lower interest rates. If not, and the price drops below the current 101.4 we could take qui...
10/07/2015
The FOMC left the federal funds rate unchanged as anticipated by the market. Ms Yellen also signaled she would raise the rate a .25 point as soon as the committee felt inflation was holding at 2% and there was improvement on the jobs front. She also indicated that there would be a significant tim...
09/17/2015
Of course when you are talking about rates everyone has an opinion. Here is mine.I do not think the Fed will raise their rate in about an hour but I expect they may add a .25 point at the next meeting.What does that mean for locking mortgage rates?Short term (1 to 2 days) I expect rates to go up ...
09/17/2015
We have been preparing for this for a while. If we have Pre-Approved borrowers I think we should still be able to honor 30 day closings.People I have spoken to seem most concerned that any changes will cause delays. If your lender is on top of their game you should not be concerned.The only fees ...
09/16/2015
Are you worried about the impact of TRID on your business? I hope my blogs will relieve some of your anxiety. Note that the things people are most concerned about are highly unlikely.In 15 years I have never had either of #2 or #3 occur. In over 3500 transactions I have only had the APR change by...
09/16/2015
Are you worried about the impact of TRID? Really the impact on the end  of the loans will be minimal if the lender did their job upfront. The beginning can be a little tricky regarding when we can charge fees and order appraisals but I think this will encourage people to get Pre-Approved instead ...
09/16/2015
Do you have self employed buyers that have really good CPAs? A client with good income that cannot qualify to purchase the home they want to live in? Well, I might have a solution for you. Skyline has loans available that use the cash flow through their bank accounts to document their income and ...
09/04/2015
Today was supposed to be the first day to implement the new TRID disclosure rules. Thankfully the date has been delayed to October 1, 2015. I have had several discussions with people that are still confused about what the changes mean. One person was under the impression that there could be no ch...
08/01/2015
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Matt Brady

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