Have you ever looked into CCRC Contracts?

Posted by on Dec 31, 2014 in News | No Comments

Here’s a few things to consider when looking into continuing care retirement communities, also know as CCRCs.  The security of knowing you’ll be cared for throughout various stages of health and aging is an attractive option for many seniors, but typically involves a major investment of resources.  Before signing a contract with a CCRC, make […]

Daily Market Analysis 12-31-14

Posted by on Dec 31, 2014 in News | No Comments

he final day of the year; a world-wide event that everyone enjoys. Markets are so thinly traded that whatever movements we have today are taken with some winking. This is a day that all markets around the world should be closed, but alas, the exchanges need the money. Weekly jobless claims this morning were higher […]

Daily Mortgage Rate Insider 12-31-14

Posted by on Dec 31, 2014 in News | No Comments

How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market.  This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events.  […]

Financial Assessment Coming for Hecm Loans

Posted by on Dec 30, 2014 in News | No Comments

Last Updated 11/18/2014 On November 10, 2014, the Federal Housing Administration (FHA) published its Home Equity Conversion Mortgage (HECM) Financial Assessment and Property Charge Changes Mortgagee Letter. This Mortgagee Letter announced a revised HECM Financial Assessment and Property Charge Guide (Guide) that provides additional guidance for lenders on various aspects of the HECM Financial Assessment. […]

7 day cooling off period for reverse mortgages

Posted by on Dec 30, 2014 in News | No Comments

California Civil Code Section 1923.2 has been amended to require a cooling off period of seven (7) calendar days from the date of counseling as evidenced by the date on HECM Certificate of Counseling.  In order to comply with the mandated cooling off period, lenders and originators will not be permitted to  order services (credit, title, […]

Your Market Insider Report 12-30-14

Posted by on Dec 30, 2014 in Uncategorized | No Comments

Treasuries and MBSs are starting better again this morning; now the 10 at 2.17% and down from 2.30% on 12/24. Crude oil declining again, a support for bonds keeping inflation fears on hold. Crude declines also leading to declines in most commodities. Europe’s stock markets under pressure today on Greek fears of debt defaults and […]

Daily Mortgage Rate Analysis

Posted by on Dec 30, 2014 in Uncategorized | No Comments

How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market.  This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events.  […]

Realtor Report

Posted by on Dec 29, 2014 in News | No Comments

Weekly Realtor Report for 12/29/14 The Real Estate Trends That Defined 2014: The year 2014 saw a steady build-up of housing momentum that is expected to carry the market into 2015 gains, according to a realtor.com® report released today. The 2014 Housing Review points to significant improvements in the U.S. economy overall and low mortgage […]

Daily Rate Insider 12-29-14

Posted by on Dec 29, 2014 in Uncategorized | No Comments

How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events. […]

Market Analysis

Posted by on Dec 29, 2014 in News | No Comments

Treasuries and MBSs starting better this morning with US stock indexes slightly lower prior to the 9:30 open. There are no economic reports today; trading should continue to be light on low volume. Greece back in the headlines this morning after the Parliament failed to elect a president, meaning Greece will be forced into snap […]