Wait a minute! Just when we were almost convinced the US economy might be creating some solid footing for a slow, but sustainable recovery it seems like all the economic news has taken a turn for the worse. The big monthly jobless claims number last week was a huge disappointment, many other economic reports from [...]
As you would expect I get asked regularly about what direction I believe interest rates are headed. Whenever someone asks I immediately put them on hold, reach behind my desk, grab my crystal ball and get the most up to date prediction for any particular time period…yeah right! Don’t I wish I had a [...]
Think rehab loans aren’t available in today’s lending market? Think again. With so many bank owned properties and distressed short sales on the real estate market today in Temecula and the greater Southern CA region, the FHA 203K program might be the most grossly underutilized financing tool out there. A few of the benefits of [...]
Mortgage brokers have been the punching bag for the mortgage business for much of the past several years. Some brokers created bad blood back in the subprime days of the early and mid-2000’s. These risky loans were originated almost exclusively through brokers and it’s well documented how poorly subprime mortgages worked out…a catastrophic failure. Fast [...]
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