Patti Geib's (pattithemoneylady) Blog

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Mortgage and Lending - Capital Line Funding Group

ARCHIVED BLOG POSTS

2008 

The legislators in California are poised to make a few more changes in the rules.One of my concerns is whether it's going to affect Mortgage Brokers as well as Mortgage Bankers.  Banks are regulated by the Department of Corporations while Mortgage Brokers are regulated by the Department of Real E...
02/13/2008
Mortgage Bonds tumbled today on the news that Warren Buffet (of Berkshire Hathaway) announced his offer to re-insure $880 Billion in municipal bonds backed by the troubled Ambac, FGIC and MBIA companies.  Meanwhile, San Francisco Fed President Janet Yellen will address a local planning/urban deve...
02/12/2008
I was wondering when lenders were going to show some common sense and see that Zero Return on their money is less than the 4 or 5% they were receiving from the borrowers on loans that were due to reset in the near future and forcing many of these borrowers into foreclosure.Well they finally have....
02/12/2008
According to Wall Street statistics we are in a "bear market,"  but this couldn't be a better time for the home buyer to purchase or home owner to refinance to a lower fixed rate mortgage.  Mortgage Rates are at their lowest point since 2005.It is especially attractive to those who have a "Jumbo ...
02/11/2008
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Patti Geib

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