Real Estate and Mortgage Consultant

Follow me
Mortgage and Lending - California Mortgage and Real Estate Broker - BRE#949075 NMLS#301693
Roger W. Herrick has 23 years of continuous experience in the mortgage and real estate business.
HOPE NOW-Lenders and Borrowers12/07/2007American Securitization Forum, which represents companies that issue mortgage backed securities, as well as investors, loan servicers and rating agencies, issued a 34 page document outlining guidelines for servicers to follow in streamlining refinancing or ...
Mortgage Market Report for Friday December 7th 2007A large drop in Bond prices came by way of the Jobs Report, which was a bit better than expectations. Adding more pressure was the closely watched Hourly Earnings number, which was above estimates and is the largest read in over two years. Bottom...
Mortgage Market Report for Thursday December 6, 2007The reports that are out have given very mixed signals over the past several weeks.  Tomorrows Jobs Report is very difficult to handicap.  Mortgage backed securities have had a great run higher helping home loan rates to reduce in the past few w...
Mortgage Market Report for Wednesday December 5th 2007The employment report from ADP was issued today.  They have not been known for great accuracy record in the past.  Many see this as an early predictor for the labor market report due out Friday.  The ADP numbers shows a great number of additio...
Mortgage Market Report for Tuesday December 4, 2007Stocks are trading slightly lower and bond are relatively flat after hitting multi year highs and the multiple ceilings of resistance.Janet Yellen, San Francisco Fed President spoke about a larger than expected economic slowdown since the last Fe...
Mortgage Market Report for Monday December 3, 2007Mortgage Backed securities are now at their best levels in the past 26 months. The Stock market is rose 390 points last week in the wake of the expected rate cut on December 11th. Mortgage bonds have been continually riding in an upward trend. The...
Mortgage Market Report for Friday November 30, 2007Big Ben Bernake spoke last night and his tenor indicated that there would be a rate cut.  Also a tame inflation report this morning from the PCE Personal Consumption Expenditure showed that inflation is in line at under 2% annually.  A Fed rate c...
Mortgage Market Report for Thursday November 29, 2007This has been quite a volatile market of the past few weeks.  Bonds are working on breaking through the ceiling of resistance that represents the best levels in two years. The past 2 days in the stock market is the largest two day rally in the ...
The Wooden BowlA frail old man went to live with his son, daughter-in-law, and four-year old grandson. The old man's hands trembled, his eyesight was blurred, and his step faltered. The family ate together at the table.But the elderly grandfather's shaky hands and failing sight made eating diffic...
Mortgage Market Report for Wednesday November 28, 2007The markets are on moving this morning due to some comments by the New Your Fed Vice Chairman Donald Kohn.  The markets interpret his comments that the Fed will need to be "nimble".  This should mean the the Fed will be cutting rates in their ...

Roger W. Herrick

Coast to Coast Lending Group Inc.
smartphone(949) 365-6585
local_phone(949) 205-4287
Contact The Author
Roger W. Herrick has 23 years of continuous experience in the mortgage and real estate business.