Sunny Singhs Finance Talk

Happy December Folks!   What the heck is going on? Hows business treating you? If you are like me, your taking this time of the year to reflect back on the year as whole. If your like me, your taking this time to set expectations/new goals for next year, putting together a marketing plan, seeing ...

I know, I know....there are already 10-15 other blog posts titled "WELLS IS GONE" or "WELLS FARGO EXITS WHOLESALE"...so I am not really doing anything new here.   But what the heck does this mean if you are a Loan Officer? or Realtor? or Appraiser? Or better yet, Borrower??   Loan Officers- It re...

I have been getting a lot of calls lately from clients, my referral partners, and Real Estate Agents with questions regarding seasoning post foreclosure or short sale. So I thought I would create a blog post with exact timeframes.   This should help you better understand when a client who has For...

Thanks to problems in Europe and the slowing of both the US and Chinese economies, consumer attitudes have plateaued after several months of improvement early in the year.  Fannie Mae's Economic Forecast for June, released Tuesday, said that the lull in employment gains is particularly troubling ...

As a backup to a blog I just posted, I thought I would also show some numbers to all those LO's out there who are being told you have to only do Purchases because if you stick to refis, when the rates go up you will be out of business.   MBA Increases Originations Estimate for 2012 by Almost $200...

There is always....usually...typically, a sense of "oh, crap what now?" feeling when you're working in the mortgage business.   I mean it seems like every other week a new guideline changes, or a new piece of regulation hits, or we need to obtain some new licensing requirement, etc etc.   Most of...

Obama's proposal, the key points are as follows, many of which are actually pretty good. 1) Extend the HARP eligibility date to May 31st 2010. (The bill mentions that May 31st 2010 was chosen because most of the loans originated after this date already have a mortgage rate below 5%.) 2) The bill ...

Hold on to your seats, todays FOMC meeting might repeat its last memorable meet. Last time FOMC, the 10 YR Bond Yield rocketed 26 ticks in 1 day. That was not too long ago, about 3 1/2 weeks ago. FOMC (Federal Open Market Committee) While the U.S. Federal Reserve will have a lot to say about toda...

  Mortgage rates are a little bit higher today but there is very little difference on best execution rates and only minor affects on the closing costs associated with those rates. In lamens terms, actual interest rates for are pretty much the same as they were yesterday, but the costs to obtain t...

ASTONISHING FACT OF THE WEEK   How many CA DRE Licensed Brokers & Salespersons do you think there were 24 months ago?          153,015 Brokers          356,199 Salespersons   How many CA DRE Licensed Brokers & Salespersons do you think there are currently?             144,242 Brokers          291...