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Mortgage and Lending - Jay Epstein State Farm Insurance
RECENT BLOG POSTS
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As a former mortgage broker and small business owner, one who now works for a big bank that thankfully kept its nose clean through the frakus, I continue to be amazed at the stupid and ineffective laws that congress continues to try to put in place just to look like they are doing something; and,...
02/16/2010
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I've been away from ActiveRain for a while.  And I've been away from the place where my first child was born.  But I'm back! I love Ukiah.  I feel like it is the perfect place to raise my two boys and I also love that after moving away 11 years ago, my family and I have been able to come back.  T...
02/14/2010
Here's an idea that should spark some debate: Take $700 Billion and distribute among every American homeowner - effectively paying down up to 10% or so of every homeowner's outstanding mortgage balance.  Couple this taxpayer/homeowner payout with a lender requirement to modify all 1st mortgage no...
09/27/2008
The big American oil companies post RECORD profits and all people seem to talk about is our horrible dependence on foreign oil.  If foreign oil is costing so much, how are the oil companies posting record profits?  Aren't profits what you get after you subtract expenses?  So how is the $4.00+ cos...
08/06/2008
I'm mid-way through a purchase loan.  I've been advising this client ever since I helped his parents with a purchase transaction over two years ago.   We have a great relationship. A few weeks ago, he found a home and we began the purchase financing.  I found excellent pricing at ING Bank.  I was...
08/05/2008
13 Comments
Dear Board of Governors of the Federal Reserve,My name is Lisa Epstein.  I am founder and president (and broker of record) for JL Epstein, Inc. dba Leap Lending, a small 6-person mortgage brokerage based in San Diego, CA.  I am writing because I feel compelled to comment on the potential new Fed ...
04/08/2008
Given what the financial markets have been through in the last year, it is important to stay on top of new information as it becomes available.  As you are probably aware, the "Economic Stimulus Act of 2008" has been passed by both the House and the Senate and now awaits the almost-certain Presid...
02/12/2008
They have even given it a name: The Stimulus Package.  The US deficit is predicted to reach $250 billion in 2008 BEFORE this "stimulus package" which will cost as much as an estimated $200 billion. So $600 tax rebate per person is going to cure what ails the economy of this country? Hmmmm.  Will ...
01/24/2008
In a surprise move this morning, the Federal Reserve lowered the Fed Funds Rate by .75% to 3.50%. This move was prompted by an emergency meeting last night as global equity markets sold off significantly due to foreign investors' fears of a US recession.  It is very interesting to note that this ...
01/22/2008
Once upon a time there were two borrowers whose loans were set to close within a week of each other.  Borrower number one was fortunate that his Loan Officer worked with a wonderful appraiser named Mark.  Now Mark was the ideal appraiser - conservative, but not too conservative.  He used only sol...
12/11/2007
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Lisa Epstein

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