Mike Berrios's (mberrios) Blog

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Mortgage and Lending - Integrity Home Finance - NMLS 155795
RECENT BLOG POSTS
Mandatory FHA Loan Fees Increase For Some, Fall For Others   For the first time in its history, the FHA changed its funding fees and mortgage insurance structure this week.  FHA-insured home loans are now subject to a risk-based pricing adjustment, as shown by the table above.  Because of risk-ba...
07/23/2008
The Inflation Calculator Checks Whether Your Income Is Keeping Pace With The "Cost of Life"   The phrase "Consumer Price Index" can be intimidating and unclear to Americans.  It's an economic term, after all, and not a part of everyday American language. It even has its own abbreviation to add to...
07/23/2008
Rancho Cucamonga $80,000 Home Buyers Assistance (edit/delete) Housing www.IntegrityHomeFinance.com   Rancho Cucamonga is a premier community that offers a variety of housing opportunities for people of all ages from rental to ownership. The City's conscious effort in developing well planned neig...
07/17/2008
Consumers shop the Internet to gain knowledge of market rates - Integrity Home Finance has now positioned itself as the leader of the Inland Empire in educating the consumers on how to "Borrow Smart, Retire Rich."FOR IMMEDIATE RELEASE RANCHO CUCAMONGA, CA / PR FREE / Jul 17 2008 -- The Certified...
07/17/2008
The Fed approved a plan Monday that would crack down on dubious lending practices. The Fed's plan would bar lenders from making loans without proof of a borrower's income, require lenders to make sure risky borrowers set aside money to pay for taxes and insurance, restrict lenders from penalizing...
07/15/2008
Senate's Housing Bill Faces Hurdles- This bill passed and now goes to conference committee. American Banker (07/14/08) P. 2; Kaper, StacyThe Senate passed a housing bill on July 11 that would establish a new regulator for Fannie Mae and Freddie Mac and allow the FHA to insure mortgages for more t...
07/14/2008
Last Thursday rates worsened, when perhaps they shouldn't have. Why? As we have said before,  Securities firms and investors often "hunker down" early ahead of holiday weekends, and often markets close early. The news that came out didn't warrant the sell-off. The ISM nonmanufacturing index dropp...
07/07/2008
Looking Back And Looking Ahead : July 7, 2008   Last week was fairly uneventful in the mortgage markets, with rates slightly edging lower across the board and without much data to influence trading. Even Thursday morning's hotly-anticipated jobs report was met with lukewarm interest; many traders...
07/07/2008
Real Estate Assets - declining... I've been interested of late in the Case-Shiller approach to valuing real estate growth in the US.  As opposed to the www.ofheo.gov site where the US Government provides real estate data, the Case-Shiller uses paired sales, meaning they record when a house is pur...
07/05/2008
Are Sub-Prime Mortgage Problems Finally On Their Way Out?   In the summer of 2005, sub-prime mortgage lending was at its peak.  Rates were relatively low and lending guidelines were relatively loose. At the time, the "standard" sub-prime mortgage product was the 3/27 ARM. The 3/27 had a few basic...
07/05/2008
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Mike Berrios

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