SDMortgagefinder's Blog

Follow me
Mortgage and Lending - Franklin Advantage Inc. - NMLS Lic. # 343946
AR Forum The topic of what to do with Fannie Mae and Freddie Mac has been discussed in Congress and the Senate for quite some time now since the financial collapse occurred. Today; however, was the "Day of Reckoning" so to speak, at least in the Senate Banking Committee.  Senate Banking Committee...
AR Forum New 2014 FHA and VA Loan Limits Some or many of you may already know that both FHA and VA have changed their laon limits for the new calendar year, 2014.  Some States saw Decreases in many Counties, while others posted slight increases.   Below are Links to Both the FHA and VA sites deta...
AR Forum FHFA to Review Loan Limits Again-Update The Federal Housing Finance Agency announced further steps today into evaluating whether to lower loan limits on loans sold or guaranteed by the GSEs ( Fannie Mae and Freddie Mac ).  Just recently, they had announced a decision to postpone a manda...
Mortgage Limits Safe for Another Year- Update Those of us in the industry have a good reason to give a sigh of relief as the head of the Federal Housing Finance Agency, Edward DeMarco just made a formal announcement that limits for the upcoming year of 2014 will remain unchanged. DeMarco had made...
 AR Forum   During the weekend of November 16th, Fannie Mae Will be making some new changes to it's DU system with the roll-out of DU 9.1   There are many changes to the system, but most notably for those of us in the industry is the increased down payment on Conventional loans from 3% to 5% effe...
AR Members Some of this is a little technical, and might be boring for some of you not in lending.  Yet, there are important changes taking place soon. One of the most glarring changes is eliminating the 3 % down for Fannie Mae's My Community Program and also HomePath.  New down payment requireme...
To My Fellow AR Realtors Came upon an interesting read on my FaceBook site today from one of my real estate trainers, Duane Gomer. The subject matter covers the use of Ficticious Team Names, and how the California Bureau of Real Estate- Formerly the California Department of Real Estate views the ...
    Hope has been extended for those homeowners who are currently under water on their current mortgages. The reason is twofold.  First, the Federal Housing Finance Agency ( FHFA ) announced today that they were extending the HARP program for two more years.  The program was originally supposed t...
 Fellow AR Members Effective April 1st, HUD has made changes to the existing policies for Mortgage Insurance Premiums. Below is a link to HUD's site where the Mortgagee Letter 2013-04 details these changes.  Please keep for your reference.
Fellow AR Members Our company contracts with one of the nation's foremost Real Estate Educators, Bill Sparkman.  He does this for both Realtors and Loan Originatos.  For our LO's he has coached,motivated, and helped us to set our goals to achieve even more success. Tomorrow at 10am Pacific Time, ...

Wayne L. Brown

local_phone(858) 997-6300
smartphone(858) 997-6300
Contact The Author
Precise Up to Date Information on Items Affecting Real Estate, Real Estate Finance, and the Industry as a Whole