Is My Loan Owned by Fannie Mae or Freddie Mac?


Tweet this!Many San Diego homeowners are unable to refinance based on a lack of equity in their home. The good news is that the Home Affordable Refinance Program (HARP) could make refinancing a possibility. The HARP program is ONLY available for loans owned by Fannie Mae or Freddie Mac. Since you do not make your payment to Fannie Mae or Freddie Mac […]

Should I Lock in My Rate? Last Week’s Financial Meltdown


Tweet this!There was some positive news in the mortgage world last week while over $843 billion dollars of investments were wiped away from the nearly 700 point loss in the Dow Jones Industrial Average. The steep decline was due to a number of reasons, including disappointing economic reports, a slow- down in manufacturing, and further […]

Thank you Wells Fargo!

Tweet this!I normally thank my past clients for my success, but today, I need to give special thanks to Wells Fargo.   I receive 2-4 calls per week from clients begging me to take them out of their current  loan misery.  In most cases, these clients have already had their loans in process for 90+ days […]

FHA Makes it Harder to Qualify by Increasing Monthly Insurance


Tweet this!Congress wasted no time in passing the bill H.R. 5981. This bill gives FHA the ability to modify it’s current annual mortgage insurance premium. The move will provide an addtional $300 Million to FHA’s Mutual Mortgage Insurance Fund. Below are the changes  that took place for FHA case numbers past October 4th, 2010: OLD […]

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