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Green Mortgage Group
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Green Real Estate in the San Francisco- East Bay Area including the Pleasanton Tri-Valley is the focus of our mission. The mission: To educate and inform home owners and clients looking to expand their knowledge of home loans, “Green ideas”, and Real
Recent Posts Tagged With 'mortgage'
Paraphrasing today’s Fed decision on interest rates:
For the second consecutive meeting, the Fed Funds Rate unchanged at 2.000 percent. The key comment — which also appeared in its June statement — is below: Over time, the substantial easing...
Good News for the Real Estate Market: Wells Fargo exceeds revenue-
Early Wednesday during the Wells Fargo earnings announcement something completely unexpected took place. POSITIVE EARNINGS form a Mortgage Lender! “Wells Fargo & Company reported diluted ear...
Jumbo FHA Buyers…Your Jumbo FHA purchase may be ready to refinance by fall
All the FHA Jumbo loans that have are funded at rates considerably higher than the standard FHA pricing will soon be eligible for one of the best perks of the FHA loan…the streamline refinance! ...
Green Mortgage Options Expand with FHA Financing- FHA News EEM’s Part 1:
As the popularity and necessity of FHA financing expands so does the occurrence of multiple bids on houses in the Bay Area. Yes- I did say multiple bids. So what can you do to better your offer you...
FHA Update: The more you know the more homes you can sell-
FHA UPDATE: HUD released Mortgagee Letter 08-11 on April 29th, defining new terms for acceptable “non-traditional credit”. In a nutshell, HUD is defining different classes of non-tradition...
Good News for Agency Jumbo Conforming Financing- Stimulating the Bay Area Purchase Market
Late last week lenders began pricing the new “Jumbo Conforming” loans as if they were the same as the usual Conforming loan. The “Conforming Loan”- Is a loan up to $417,000 tha...
Whats New With FHA- The Bay Area is Ready and Waiting…
FHA Action to Resume Despite Veto Threat The House of Representative was slated to resume consideration of a Federal Housing Administration refinancing bill this morning despite a veto threat from ...
FHA Update-House Panel Passes FHA ‘Underwater’ Bill
By a 46-21 vote, the House Financial Services Committee has approved a bill that provides the Federal Housing Administration with $300 billion in loan commitment authority to refinance “underwat...
Stimulus Package Update for the Mortgage Market: Talk around the water cooler-
One of the most significant steps the federal government has taken in its attempt to bring liquidity and stability back to the mortgage and credit markets was its March decision to expand the capaciti...
Freddie Mac makes a move to stabilize the conforming-jumbo loan product
In the news late last week, Freddie Mac makes a move to stabilize the conforming-jumbo loan product, by guarantying 90 day forward commitments to 4 big loan players. This should trickle down to mid-...
Mortgage Market Volitility This Week- As I read the news…
As the mortgage market continues it’s volatility I saw in not one but two papers this morning and then on the “business news” radio, “30 year fixed rates holding at 5.875%̶...
Economic Stimilus Package- Can you get a loan???
I found this article very interesting and on point in today’s mortgage market. despite the economic stimulus package. Can your clients obtain a loan to buy the home they want??? The la...
CalHFA and Down Payment assistance programs deliver 100% Financing in the Bay Area-
Recently CalHFA announced that effective Tuesday, March 25, 2008, the maximum Loan-to-Value on our conventional mortgage loan products will be limited to 95%. This raises the question: “How do ...
The Mortgage Tools Series is BACK: Home loan closing costs- Fees vs. Costs- What’s the difference?
How do you explain to your real estate client what are prepaid items and what are closing costs for a mortgage loan? When negotiating a contract in this current buyers market it is common the “...
FHA Newsflash- Details on Higher FHA Loan Limi
Wells Fargo announced today that loans that are registered today will be eligible for the High balance FHA Loan Limits. Wells Fargo FHA High Cost loan limit program is $417,000 for one-unit and single...
Fed cuts rates by a quater on Sunday
Sunday afternoon the Fed took action and cut interest rates by a quater point. This is the first-time the Fed has cut rates on a weekend since 1979. the Fed is trying to stay ahead of the market and...
FHA will help the housing market- Here Is how
We all know that there were various “Liar Loans” that caused the majority of the housing down turn the past few years. The question I here on a daily basis from Realtors in the Tri...
Talk around the Water Cooler- New Conforming Loan Limits Are Out Today-
The news that everyone has been waiting for, the new conforming loan limits are out. Today the first lender introduced the first program to the rate sheets. The program that has been rolled out firs...
FHA Loan Limits Announced- FHA lending begins today “So they say”
Alameda and Contra Costa FHA new loan limits begin today. FHA Press Release below- FHA Releases New Mortgage Limits for California Counties FHA Max Limits Include 14 CA Counties * FHA Pr...
FHA Loans Helping Livermore & Dublin CA Communities and soon my clients-
Every time I try to find out what the current FHA loan limits are for my clients or what the proposed FHA loan limits may be I find myself in a never-ending search. Recently I was contacted by a Liver...
Are you ready to refinance when interest rates drop AGAIN?
A great article on The Mortgage Reports, a Chicago based Real Estate Company highlighted a great point. When you’re in the process of refinancing your home loan, have you been put in position by...
What is an REO, and is it TIME TO BUY REAL ESTATE?
With all of the media reporting on REO’s I thought It may be important to first consult a Real Estate Investor and a Realtor by trade exactly what an REO is and what it means to the average Bay ...
FHA Mortgage Limits- Curious about the amount?
Curious of the current FHA loan limits for your area? In the near future FHA loan limits will be increasing in the Bay Area due to the Economic Stimulus package. It will be important for many homeowne...
Protecting your credit- Identy theft and the most important peice of the mortgage puzzle
Helping each of my clients qualify for new home loans and refinancing under the ever-changing lending guidelines is my goal and is one of the most satisfying parts of my job as a mortgage broker. Ev...
Basics of FICO 08- “Very Nice Green Mortgage Group”
The new credit formula announced by Fair Isacc deemed FICO 08 is expected to make its way into the credit scoring process some time in 2008. At Green Mortgage Group as of today we still haven’t ...
A glimpse into the “Economic Stimulus Package” containing higher mortgage limits for both FHA and Conforming Loans in High Cost Areas
With so much speculation surrounding the rise in Conforming loan limits in high cost areas I thought it would be beneficial to share some valuable information I received today. At Green Mortgage Group...
Can you see through MUD? Economic Stimulus Package Update- Conforming Loan Limits
There has been a lot of talk surrounding the rise in the conforming loan limits to help spur the residential real estate market. As I’m sure you’ve all heard the congress finished off th...
Bank Owned Housing Auction Coming Soon to Northern California, East Bay Area- Investor & First Time Home Buyer Alert
The New Year is in full swing and one of the greatest opportunities in decades is upon us. What would you think if I said you had an opportunity of a life time to buy a home on your terms possibly h...
FHA & Conforming Loan Limit Increase on the way to help Real Estate Market-
Washington reached a decision on an economic stimulus package to spur growth in the economy and come to the aid of the Real Estate Market. Reaching a bipartisan decision Thursday House leaders ...
The Perfect Storm: Fed Delivers Emergency Rate Cut-
The Federal Reserve lowered it’s benchmark interest rate in an emergency move for the first time since 2001 after a tumbling international markets slumped as much as 7% on Monday. The Central ...