Home Loans in Whittier Mortgages

Looking to purchase a home in Los Angeles County? Be sure to stop by our Whittier Office and get pre-approved prior to looking for homes. The current Real Estate Market has proven to be a struggle for homeowners to get their offers accepted and their financing approved, come into our office for a full pre-approval (not a prequal) so you can shop for a home with confidence.

To those in the industry this headline comes as very little surprise…Dodd-Frank was definition of over regulation in Mortgage Industry for every positive change that helped the consumer there were 20 additional steps in the process that were unnecessary, slowed down the process and handcuffed innovation. Too much power, too much interference, too much wanting to stick there noses in our business

Housing Wire Article on Ruling declaring CFPB unconstitutional

Is it possible rate locks will be eliminated in Mortgage Industry?

January 20, 2016

The overly ridiculous compliance rules that have been instituted in our industry over the last couple years make me think this might be the case. In an attempt to “protect” the consumer the laws related to anything changing from initial disclosure have become so absurd that I’ve seen wholesale lenders have to eat rate lock […]

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Preview of new TILA-RESPA Integrated Disclosure (TRID) going live August 1st 2015

June 5, 2015

2 new forms Loan Estimate (LE) (replaces GFE & TIL) [contains new total interest paid TIP calculation] Closing Disclosure (CD) replaces HUD-1 LE to consumer w/in 3 days of Application LE 7 days b4 closing IMPORTANT: CD must be received no later than 3 biz days before consumation (signs the promissory note) **most significant change […]

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Opportunity Knocks as Mortgage Rates Surge Lower 1-6-15

January 7, 2015

http://www.mortgagenewsdaily.com/reports/mortgage_rates/2015/1/6/1389 All you really need to know is that if you are thinking of buying or refinancing right now (this 1st week of January 2015) has a good chance of being the best time all year to lock in a rock bottom interest rate.

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Hallelujah-Hallelujah President to Announce Reduction in FHA Premiums

January 7, 2015

FHA Premiums were getting out of control. This is great news for the Residential Real Estate & Mortgage Industry. http://dsnews.com/news/01-07-2015/report-president-announce-reduction-fha-premiums http://www.mpamag.com/mortgage-originator/obama-to-announce-cut-in-fha-premiums-20819.aspx **Post Update** 1-7-15 @ 1:29pm Annoncement of HUD’s plan to lower FHA Mortgage Insurance Premiums has been confirmed

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FHA’s current less than <90 Day Flip underwriting guidelines sunsetting 12/31/2014

December 23, 2014

FHA’s policy allowing less than 90 day flip transactions is set to expire at the end of 2014. For less than 90 day flip transactions, only fully executed contracts signed by all parties on or before December 31, 2014 will be eligible to be closed under the terms currently set forth in the FHA Credit […]

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Interesting Article on the importance of keeping a competitive landscape in the Mortgage Industry

October 21, 2013

For all those homeowners, home buyers and Real Estate Agents that think they get a better deal by going to a “Bank” or “Direct Lender” (as opposed to a Mortgage Broker) please read this article by Kenneth Harvey written in the Arizona Daily Star October 12th 2013: http://azstarnet.com/ap/commentary/kenneth-harney-the-take-on-closing-cost-rebates/article_10e725ac-11f6-5ce8-820f-2439798df385.html Mortgage Brokers are more nimble and have […]

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Rates Dip after Fed decides to hold off on tapering buying of Treasuries and Mortgage Backed Securities

September 19, 2013

Since May of 2013 mortgage rates have been rising due to the market anticipating a tapering of the Feds treasury and mortgage backed securities program. In a surprising turn of events they decided to not make this announcement today which was a huge coup for those that don’t want mortgage interest rates to rise (i.e.- […]

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Bankruptcy and Foreclosure Seasoning for FHA buyers reduced to 1 year

August 19, 2013

borrowers must prove that income was reduced by 20% or more for a period of 6 months or more borrower must attend housing counseling borrower must demontstrate full recovery from the economic event This change is effective for all FHA case numbers pulled on or after 8/15/13 HUD Mortgagee Letter 2013-26 Back to Work – […]

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Worst 2-Day Move For Mortgage Rates in 4 Years

June 20, 2013


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