Mike Berrios's (mberrios) Blog

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Mortgage and Lending - Integrity Home Finance - NMLS 155795
RECENT BLOG POSTS
Fannie Mae to Loosen Refinancing Rules- We will wait to see what announcements our investors make in regards to this announcement from Fannie Mae. Fannie Mae will loosen rules for homeowners seeking to lower their mortgage payments by refinancing. The District company, which accounts for more tha...
02/06/2009
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        B. Habib The 'Mark to Market' Accounting Rule:What it is and why it is important to you now! The financial crisis we are in today was not caused by mortgages or housing, although they were both catalysts. The real reason was an accounting rule called "Mark to Market" (also known as FASB ...
02/06/2009
The Fed's been at it again, offering words that sound encouraging at first blush, confirming that their buying program of Mortgage Backed Securities is in full swing and will continue as needed. Of course, the media will pick this up and offer their own interpretation, saying "Good news, the Fed'...
02/04/2009
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How To Sell Your Home For 40% More, 17% Faster This Spring Super Bowl Weekend traditionally marks the start of the Spring Buying Season in real estate.  Anecdotally, real estate agents will tell you that buyer activity tends to tick higher at this time of the year. Meanwhile, with mortgage rates ...
02/04/2009
Move-Up Homebuyers Face New Lending Challenges This Spring   When a homeowner sells his home and decides to buy a new one, there are 3 basic options for the residence -- sell it, keep it, or rent it. Unfortunately, no matter which path they choose, move-up homebuyers in need of a new conforming ...
01/30/2009
By Barry Habib Last year's forecast had anticipated some very odd happenings...but nothing to the extent of how the actual story unfolded, in what became a year of making history. How did we do on our forecast last year? Federal Reserve Chairman Ben Bernanke was confident that we were not heading...
01/05/2009
Christmas has arrived early for the U. S. Auto companies as their CEO's all express their gratitude this morning in their press conferences to the President for the Pre- Christmas cash cheer loan to keep them alive until March.  How much has Santa given them - 13.4 Billion.   The news has helped ...
12/19/2008
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Article from Larry Kudlow.  In a monetary version of shock-and-awe, the Federal Reserve unleashed a massive easing move with its FOMC policy announcement Tuesday - one that represents a sea change in central-bank operations.For starters, Bernanke & Co. established a new target range for the feder...
12/16/2008
Hope everyone enjoyed their Thanksgiving break and had a great time with family and friends.  We certainly needed it with the bankruptcy of LandAmerica announced on Wednesday.  Comments are below. Our bond market is being helped ever so slightly this morning by the sell off we are seeing in the e...
12/01/2008
The Chinese have a proverb:  "May you live in interesting times."  And we are living through interesting times indeed.   Whatever the political posturing regarding the current rescue plan, a plan needs to be passed. Credit markets are frozen and banks are going bust every day. This is not totally...
10/02/2008
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Mike Berrios

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