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.

House votes to abolish Dodd Frank

by Ben Nicolas on June 8, 2017

I know this has been rumored for awhile but still….!Wow!



Trump Freezes Mortgage Insurance Premium Reduction Scheduled for This Month

January 21, 2017

News hit today that within the first hour of his presidency, Donald Trump has put a freeze on the pending reduction to mortgage insurance premiums that was scheduled to take effect on January 27th. The departing secretary of the Department of Housing and Urban Development, Julian Castro, had prepared the reduction as a parting gift […]

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Lower Mortgage Payments for Los Angeles Buyers/Owners as FHA lowers Insurance premiums

January 18, 2017

The Department of Housing and Urban Development recently announced changes to FHA loan premiums. While upfront mortgage insurance premiums will remain at 175 basis points (1.75%), annual mortgage insurance premiums are seeing a decrease. Basis points will be dropping across the board. Depending on a few factors, your MIP could drop anywhere from 15 to […]

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CFPB declared Unconstitutional as currently constructed

October 11, 2016

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 […]

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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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