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Mortgage and Lending - Tampa Bay Florida FHA, VA, USDA & Jumbo Mortgages - NMLS#237468
RECENT BLOG POSTS
  As laws and rules emerge on a state-by-state basis with regard to the revised Home Valuation Code of Conduct (HVCC), loan originators and appraisal companies are evaluating possible best practices to protect themselves from stiff penalties that have been tied to these new rules. While one optio...
01/10/2009
  Freddie Mac and Fannie Mae will implement a revised Home Valuation Code of Conduct beginning May 1, 2009. In an attempt to increase the reliability of appraisals, the revised code builds on existing seller-servicer guidelines and will apply to lenders that sell single-family mortgage loans to F...
01/10/2009
The Fed was back in the markets this morning aggressively buying Mortgage Backed Securities pushing prices higher as it tries to lower home loan rates. The Fed will be buying $500B of Mortgage Bonds - that equals approximately $4B in buying power each trading day...that is pretty good buying supp...
01/06/2009
Mortgagee Letter 08-40 communicates changes to FHA refinance transactions and are effective January 1st, 2009. Although this update includes guidelines that have not changed, I have listed the unchanged ones anyway as a review for those of you already familiar with FHA guides. Here are the 10 thi...
01/05/2009
Mortgages are in the news again today...but this time, the news is good! Especially for people looking to buy or refinance a home, as interest rates have dropped to the lowest levels seen since April. You've probably heard that Fannie Mae and Freddie Mac were taken over or "bailed out" by the Fed...
09/11/2008
While it's an illegal breach of privacy for real estate agents or mortgage originators to sell your credit information, it is perfectly legal for credit companies to do so. For a price ranging anywhere from $25 to $100, your name and certain specifics about your credit report - including your ad...
08/11/2008
The Federal Reserve, taking a break from its aggressive rate-cutting policy, chose not to alter key interest rates Wednesday, leaving the Fed Funds rate at 2.00% and everyone wondering where interest rates are headed next. Since last September, the Fed has cut rates seven times for a total of 3....
08/10/2008
Credit repair is a million dollar industry with a lot of scams. Finding a loan with poor credit isn't hard, getting a decent interest rate can be. When you clean up your credit report you end up saving hundreds, if not thousands, of dollars in interest charges. We strongly recommend you learn wh...
07/16/2008
Now more than ever, Americans are discovering the importance of having a handle on their finances. Budgeting projected monthly expenses and future investments helps consumers determine whether or not homeownership is financially feasible. By addressing the following key questions with The Tampa ...
07/16/2008
Federal Chairman Ben Bernanke and Central Bank end a nine-month rate slashing and keep the current federal short-term key rate at 2%. With on going concerns of inflation the Fed's majority voted to keep the key rate the same with only Dallas Federal Reserve Bank president Richard Fisher voted fo...
06/25/2008
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Joshua Lerette

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