The Fed’s decision to not increase the Fed Funds Rate from the 1-1.25% range was no surprise. It did shock the financial markets that they aren’t going to kick the can down the road, and will start to do their Quantitative Tightening this October. Here are the facts to wrap your head ... » Learn More about Fed Decision Wednesday to Not Increase Fed Funds Rate, Nothing Compared to Planned Quantitative Tightening to Affect Mortgages
Mortgage Regulations
Changes Coming to Credit Reports That Can Increase Scores
Effective September 15, 2017, the three National Credit Reporting Agencies (NCRA) - Equifax, Experian, and TransUnion will be enhancing their ability to report accurate consumer information. As a follow-up to the National Consumer Assistance Plan that was implemented in March 2015, the following ... » Learn More about Changes Coming to Credit Reports That Can Increase Scores
The Government Regulations & Dodd Frank Miss the Real Target on Avoiding Another Mortgage Meltdown
Instead of the government taking a scalpel to the problems that created the economic meltdown and mortgage backed security issues in 2007, they did a shotgun blast, and missed the target. Yes, there was plenty of blame to go around that created the Great Recession. Banks underwriting not doing ... » Learn More about The Government Regulations & Dodd Frank Miss the Real Target on Avoiding Another Mortgage Meltdown
Lender Fair -California Association of Mortgage Professionals Greater Ventura Chapter May 18
Thursday May 18th there will be a Lender Fair, specifically for loan processionals. I'll be moderating a couple wholesale lender panels applicable to non-Qualified Mortgage loan programs. I'll also be giving an overview of the recent Washington DC & Sacramento Legislation Conferences, and what's ... » Learn More about Lender Fair -California Association of Mortgage Professionals Greater Ventura Chapter May 18
Fed Will Move Rate Higher Sooner, Rather Than Later
Federal Reserve Chair Janet Yellen capped a week of rising expectations about an imminent interest rate increase by explicitly supporting a hike in mid-March if U.S. economic progress persists. There would have to be a major disruption with an economic report, or politically, over the next week, for ... » Learn More about Fed Will Move Rate Higher Sooner, Rather Than Later