Below is an actual copy of the press release for all you Rainers that are interested. Its still a little early. According to this release we will have to wait to get accurate figures tomorrow.From the Palm Springs Mortgage GuyFHA Releases New Mortgage Limits for California CountiesFHA Max Limit
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03/05/2008
A mortgage rate is born from the price of mortgage bonds and nothing else. Not the Federal Funds rate, not the 10 year treasury note, and nothing else, either.But mortgage rate pricing doesn't end there. From the price of mortgage bonds, all we get is the "base mortgage rate".The rates themselves
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03/03/2008
Canadians and other "Foreign Nationals" are sweeping up American property like crazy. This is happening mainly because the value of the American dollar has been in a constant freefall lately.According to x-rate.com, a property selling for $300,000 American dollars would equal less than $200,000 E
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03/03/2008
I am a Palm Springs Mortgage Guy and I recently had a client story that I would like to share with all. I think this will enlighten those that may believe that "Loan Modification" cant happen. My clients were on their way to being 60 days late on their mortgage payment. There payment adjusted up
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02/13/2008
In todays market the REALTOR / MORTGAGE relationship has never been more needed. With guidelines changing and banks closing shop, realtors need to know that they have a solid mortgage professional on their team.
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12/17/2007
When I started working in the mortgage industry many years ago. Here in the Palm Springs, Coachella Valley area the were only a handful of mortgage brokers working here. Less the 40. Around 2002 and 2003 when the Coachella Valley was in the midst of its housing boom and rates were ridiculously
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12/14/2007
Palm Springs Loans are still available! I just received an email from NAMB. Bill HR 3915 passed with a vote of 291-127. Here is how the email read:There are 3 important provisions that directly involve us originators.1. A National Registry of All Mortgage Originators -- Mandating an all-origi
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11/16/2007
