The Summit County Mortgage Source

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Mortgage and Lending - JBerman Group
RECENT BLOG POSTS
There has been a change in guidelines from FEMA about attached garages. FEMA is the agency that maps and enforces flood plain coverage. If your home is in a flood plain you must get coverage. From our sources, "Last week the agency let underwriters know that, "An attached garage in a single-famil...
06/21/2011
Join us June 9th, 2011 at the 1st mortgage industry technology summit designed specifically for street-level mortgage originators. As a mortgage originator, I need technology that stays out of my way. I need technology that works. I need access to my content 24/7 from any device with security and...
05/05/2011
Wow!! The mortgage industry has shed over 50% of its workforce in five years ... "the industry's overall decline from more than 500,000 employees in late 2005 and early 2006 to 248,000 in February, according to Bureau of Labor Statistics data compiled by the Mortgage Bankers Assn." Tired of the m...
04/26/2011
Get Your Applications In : FHA Mortgage Insurance Premiums Rise 0.25 Percent April 18, 2011 Only a few days left to take advantage of the lower MI rates. The cost of borrowing is going up. Home affordability is going down. Applicable: Only to FHA loans. Call us if you have any questions or need t...
04/14/2011
Great share from Mimi Foster in Colorado Springs. My question is this. When I first saw this guy in the video I thought to myself, "man, he looks like a vampire" then he bared his fangs during the interview and now I'm totally curious. Was this a hoax? Anyway, great story either way.Sometimes the...
04/09/2011
The big skinny is that the IRS has agreed to take Tax Liens off the credit report if the liens have been satisfied. This change will help raise the credit scores of borrowers that have cleared up tax lien issues but still suffer the effects of those liens on their credit score. For more informati...
04/07/2011
I must say that my Inbox will be relieved that the Compensation Rules are finally in place. I received no less than a 100 emails about the "Lifting of the Stay" from each and every lender, a few colleagues, & even some of my customers. I'll get into the effects and what The J. Berman Group is doi...
04/06/2011
The J. Berman Group is now offering the Freddie Mac Super Conforming Program. This gives us an additional conduit for high balance loans. These loans feature flexible Fico scores, generous Cash-Out options, & new options previously unavailable for 2-4 unit properties. Purchase, Rate/Term, & Cash ...
04/05/2011
⬆ Pending home sales, a forward-looking indicator based on signed contracts, rose 2.1% in February after a revised 2.8% decrease in January. On a year-over-year basis, pending sales are down 9.3%. ⬆ Retail sales rose 0.2% for the week ending March 26, according to the ICSC-Goldman Sachs index. On...
04/04/2011
The injunctions have been denied and the Federal Reserve is turning on the switch tomorrow. Impact for us here at J. Berman Group is minimal at this point. Over the years, we've worked tirelessly to drive expense out of our model. So these changes have given us relatively calm nerves at this junc...
03/31/2011